Ashtead Technology Warns on Profit as Middle East Delays Push Work to 2027
Subsea equipment rental group Ashtead Technology flagged a revenue and profit miss after Middle East disruption and vessel scheduling delays pushed projects into 2027.
AI Data-Center Boom Sparks $250M Factory Bet From Generator Maker
Generac is investing $250 million to retool factories for heavy-duty data-center generators, showing how AI infrastructure demand is reshaping industrial supply chains.
Ethereum Surges 10% to $2,100 as $1.44B Short Squeeze Rocks Crypto
Ethereum jumped roughly 10% to above $2,100 and Bitcoin topped $69,000 as $1.44 billion in crypto shorts were liquidated amid falling Treasury yields.
Bond Market Sell-Off Squeezes Main Street as Fed’s Warsh Faces Jackson Hole Test
Rising long-term Treasury yields are steepening the curve and lifting borrowing costs, even as the Fed holds rates steady, CNBC analysis shows.
DOJ Charges Crypto Promoter Over Alleged $165 Million Ponzi Scheme
Edward Zimbardi faces US federal charges over an alleged $165 million crypto Ponzi scheme that promised investors a 25% guaranteed monthly return.
Gujarat Approves 12-Hour Shifts at Micron’s Sanand Chip Plant
Gujarat grants first-ever 12-hour shift exemption to Micron’s Sanand semiconductor facility under India’s OSH Code, boosting the state’s chip ambitions.
Trump Shifts to Iran Strangulation Strategy as Hormuz Shipping Plunges
Trump halts Iran talks and moves toward sustained economic pressure as Strait of Hormuz crossings fall 19.5% to 95, with tougher sanctions expected soon.
PredictBay Launches 1-Minute Crypto Prediction Markets on Sui
PredictBay emerges from stealth with $26.1 billion in simulated volume, challenging Polymarket and Kalshi with 1-minute Bitcoin UP/DOWN markets on Sui.
Bond Market Sell-Off Squeezes Main Street as Fed’s Warsh Faces Jackson Hole Test
Rising long-term Treasury yields are steepening the curve and lifting borrowing costs, as deficits, AI spending and energy prices pressure the bond market ahead of Jackson Hole.
Spot Bitcoin and Ethereum ETFs vs Direct Ownership: What Investors Should Know
Since spot Bitcoin and Ethereum ETFs launched, investors have a new way to gain crypto exposure. Here is how fund ownership compares to holding coins directly.