Global markets experienced significant volatility this week due to a blockade on Iranian ports and a cooler-than-expected inflation report. Initially, President Trump's renewed naval blockade on Iranian ports led to a sell-off in stocks, bonds, crypto, and metals, with oil prices surging. However, the release of June's CPI data, showing a drop to 3.5% year-over-year (below the 3.8% forecast), reversed the trend, causing bitcoin, gold, and stocks to rebound. The market's reaction highlights the strong link between oil prices, inflation data, and risk assets. Investors are now looking ahead to Fed Chair Kevin Warsh's testimony, the producer price index, retail sales data, and bank earnings to gauge future market direction and the Federal Reserve's monetary policy stance.
Revenium has successfully completed a SOC 2 Type II audit conducted by AuditOne LLP, confirming the security, availability, and confidentiality controls of its AI cost and spend management platform. This certification is crucial as enterprises increa...
Lyora Therapeutics, a biotech startup, has launched with $2.5 million in seed funding to develop genetic medicines targeting inherited retinal diseases that currently lack treatments. Their lead programs, LYA-101 and LYA-102, aim to treat retinitis p...
Flex secured $70 million in a Series B1 funding round led by Halo Fund to accelerate the launch of Flex Global, an AI-native private banking platform serving high-net-worth business owners in over 100 countries. The platform integrates multi-currency...
Fanatics Studios and DICK’S Sporting Goods’ Cookie Jar & a Dream Studios are producing a documentary about Olympic gymnast Suni Lee. The film offers an intimate look at her life, focusing on her comeback after battling chronic kidney disease and comp...
Rackspace Technology has been recognized as a leader in the 2026 ISG Provider Lens report in the US and UK for managed services in AI-enabled infrastructure and managed cloud hosting with resilient infrastructure. This highlights Rackspace's role as ...
