Reddit has seen a 30% year-on-year increase in weekly search users, driven by investments in AI-enhanced search features. CEO Steve Huffman highlighted search as a key factor in user acquisition and retention, with the platform reaching over 493 million weekly active users and 126 million daily active users in Q1 2026. Revenue for the quarter was $663 million, surpassing Wall Street expectations. Reddit also expanded its machine translation feature, supporting over 30 languages, contributing to user growth. The company aims to reach 1 billion daily users globally and 100 million in the U.S.
Chery Group inaugurated the Rosslyn Plant in South Africa, marking a key step in its global expansion and local market integration. The plant, originally built in 1963, will retain 692 employees and create up to 3,000 supply chain jobs, with producti...
Dogecoin is approaching a weekly Death Cross, a bearish signal where the 50-week moving average falls below the 200-week moving average, for the first time since 2023. Previously, such signals led to price stagnation rather than crashes, but this tim...
Crypto markets ended last week bearish, with Bitcoin down 14% and Ethereum 26.6% in Q2. Spot Bitcoin ETFs experienced $4.51 billion in outflows in June, the worst since their 2024 launch, reflecting weak investor confidence. Despite this, Bitcoin bri...
In June 2026, President Trump signed two executive orders elevating quantum computing to a national priority, supported by $2 billion in CHIPS Act funding. The orders aim to develop a powerful quantum computer by 2028 and mandate federal migration to...
The 2026 surge in oil prices, triggered by Middle East conflicts and the closure of the Strait of Hormuz, has reignited inflation concerns and reshaped economic forecasts. Persistent inflation, driven by energy and semiconductor shortages, is expecte...
