BitMart founder Sheldon Xia plans to involve law enforcement and pursue data forensics after former employees raised issues about unpaid salaries during the exchange's ongoing shutdown. BitMart announced its wind-down in July 2026, with full closure expected by January 2027, but the process has been marred by complaints of delayed withdrawals and frozen assets. Xia denies misappropriation of funds and is conducting an asset inventory while handling withdrawal requests. The dispute highlights growing concerns about BitMart's financial health following a major 2021 security breach and ongoing user withdrawal delays.
July's Consumer Price Index (CPI) eased to 3.4%, signaling slower overall inflation. However, the insurance sector faces mixed impacts: motor vehicle insurance prices fell 4.5% year-over-year, yet maintenance and repair costs rose 6.6%, widening the ...
Tesla shares rose 4.2% last week, buoyed by strong vehicle sales in China, record global deliveries in Q2 2026, and the end of a Swedish union strike. Key growth drivers include expanding energy projects, autonomous ride-hailing services, and AI deve...
Broadcom reported $22.2 billion in quarterly revenue, with $10.8 billion from AI chips, showing a 143% year-on-year growth and projecting over $100 billion AI revenue by 2027. Marvell posted $2.418 billion, focusing on data center chips, with plans t...
Applied Optoelectronics (AAOI) projects over 170% year-over-year revenue growth by 2027, driven by strong demand for high-speed optical transceivers like 800G and 1.6T products. The company expects 2026 revenue to reach about $1.1 billion, with produ...
USANA Health Sciences introduced Clear Protein + Creatine Mix, a new drink combining 10 grams of protein, 5 grams of creatine, and over 600 mg of electrolytes in just 50 calories. This product simplifies nutrition for active adults by merging three c...
