Central Banks Double Gold Purchases as Poland and China Lead Buying
Central banks more than doubled their net gold purchases in May, led by Poland and China, as official institutions continued to increase their exposure to the precious metal.
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Michael Burry Bets Against AI Chip Rally, Shorts Micron, Nvidia and SOXX
Michael Burry has expanded his bearish bets against the AI semiconductor sector, shorting Micron, Nvidia, Applied Materials, and the iShares Semiconductor ETF while warning that valuations resemble the dot-com bubble.
Alibaba Bans Anthropic’s Claude Code for Internal Use
Alibaba has banned employees from using Anthropic's Claude Code, directing developers to use its in-house AI coding platform after concerns over user identification features.
Michael Burry Warns AI and Semiconductor Stocks Could Fall 30%
Michael Burry warned that AI and semiconductor stocks may be approaching dot-com-style valuations, arguing that parts of the sector could face a correction of up to 30%.
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Cloudflare Opens Waitlist for Monetization Gateway
Cloudflare has opened the waitlist for Monetization Gateway, a service that enables websites, APIs, datasets, and AI tools to charge for access through the open x402 payment protocol.
Meta Unveils Brain2Qwerty v2, Turning Brain Signals Into Text Without Implants
Meta introduced Brain2Qwerty v2, a non-invasive AI system that converts brain activity into text using MEG recordings without requiring a surgically implanted chip.
Yen Slide Toward 162 Raises Fears of New Japan Currency Intervention
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986, raising concerns that Japan could intervene again to support the currency.
Airwallex Reaches $11 Billion Valuation After $320 Million Funding Round
By
Emma Clarke
Airwallex raised $320 million at an $11 billion valuation as the fintech company expands its financial infrastructure for a future where AI agents manage business payments and finance.
SpaceX Plans to Bring Starlink Mobile Service Directly to U.S. Consumers
SpaceX plans to launch a direct-to-consumer Starlink mobile service in the United States, expanding beyond satellite broadband into the highly competitive wireless market.
Apple Raises Prices Across Macs, iPads and Home Devices Amid Memory Shortage
Apple increased prices across several Mac, iPad, Vision Pro, and home device products, citing unprecedented cost inflation driven by a global memory shortage.
Micron Delivers One of the Biggest Earnings Beats in Semiconductor History
By
Emma Clarke
Micron reported record quarterly revenue, earnings, and guidance, significantly exceeding Wall Street expectations as surging demand for AI memory chips continued to drive growth.
Wendy’s Soars 42% as WallStreetBets Targets Another Potential Short Squeeze
Wendy’s shares surged 42% after attracting heavy attention from WallStreetBets, with record short interest fueling speculation that the stock could become the market’s next major short squeeze.
OpenAI Unveils Custom AI Chip Built With Broadcom
OpenAI introduced Jalapeño, a custom AI inference chip developed with Broadcom and designed to improve the efficiency and performance of running large language models.