Economist Peter Schiff cautions that artificial intelligence (AI) may pose a threat to Bitcoin by competing for investment, electricity, and data center infrastructure. He suggests that powerful AI might uncover vulnerabilities in Bitcoin's code or cryptography that humans have missed. While Bitcoin adjusts mining difficulty to changes in computing power, competition from AI could pressure mining profitability. However, Bitcoin's core rules, like its 21 million coin limit, remain protected by network nodes, and AI could also help improve Bitcoin's security by identifying bugs before exploitation.
Alibaba sharply reduced its share repurchases by about 80% in the June 2026 quarter, spending $162 million compared to $815 million a year earlier. The company redirected capital towards AI infrastructure and cloud computing, with capital expenditure...
Trade tensions between the US and Canada escalated sharply after President Trump imposed 50% tariffs on $28 billion worth of Canadian goods, targeting industries like dairy, alcohol, automotive, and a wide range of specific products including hockey ...
Greg Abel, Warren Buffett's successor at Berkshire Hathaway, reduced the company's investment in Bank of America by $1.7 billion. At the same time, he increased the stake in Delta Air Lines by $1.6 billion. This shift in portfolio allocation highligh...
The Amplify CWP International Enhanced Dividend Income ETF (IDVO) has outperformed its US counterpart, the Amplify CWP Enhanced Dividend Income ETF (DIVO), in 2023 by about 5 percentage points year-to-date and nearly 10 points over the past year. Bot...
Shiba Inu (SHIB) fell 16.13% to $0.0000052 after a recent surge, pressured by intense selling amid global market uncertainties and tariff tensions. Trading volume dropped 63%, signaling a market cooldown, with heavy sell volumes on both spot and deri...
