Business / Finance
Current price of oil as of August 12, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
Bitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoins
Markets are quiet ahead of the July inflation print, with bitcoin little changed, oil near $90 and Harmony nursing a fresh exploit.
Binance, RedotPay clash over fate of Singapore lawsuit
Amid a $473 million legal dispute, RedotPay says it expects Binance to end its Singapore case, while Binance says its claims remain active.
Bank of England to test stablecoin, digital currency use in cross-border finance
The BOE-led Digital Pound Lab will test trade-finance interoperability, in which exporters receive stablecoins while importers settle in a potential digital pound.
Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low
Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue.
The Gulf’s AI boom is driving the race to control the data highways
The Gulf’s AI ambitions are spurring governments and telecom giants to invest in building out the cables, fiber networks and data centers that will determine who controls the regi…
AI was supposed to destroy jobs. Where’s the carnage?
The AI jobs apocalypse never showed up. Still, jobs are changing and economists expect more to come.The prediction was stark: artificial intelligence advancements would wipe out j…
If the markets reject OpenAI and Anthropic, the US should nationalize them | Bruce Schneier and Nathan E Sanders
From space to telecommunications, the US has a long history of fostering technology for the public good. These AI models could be aligned to democratic values, not corporate profi…
The Gulf wants to break free from the world’s data chokepoints
In this week’s Fortune Gulf Brief.
CoreWeave surges 16% on $2.58 billion revenue quarter as AI infrastructure demand eclipses crypto
Booming AI demand sends CRWV up 16% and lifts IREN and CIFR as investors favor computing infrastructure over crypto.
Just 20 of 6,600 Defra staff working on climate adaptation amid drought and wildfires
Exclusive: England ‘desperately unprepared’ for effects of crisis including water shortages and heatwavesUK heatwave live – latest updatesJust 20 staff are working on climate adap…
Fidelity moves to add staking, quarterly payouts to near $900 million ether ETF
The fund would keep 85% of gross staking rewards, with the remaining 15% going to service providers.
CFTC Invokes Emergency Powers to Keep Kalshi Trading Despite New York Suit
Kalshi triggered the order, notifying the agency of a market emergency after New York moved to bar its contracts nationwide.
Great Britain faces electricity supply shortfall during solar eclipse
Event expected to hit solar power just as fifth heatwave of summer increases use of air conditioning and fansGreat Britain faces a shortfall of electricity supplies on Wednesday e…
Crypto companies urge AI firms to give Bitcoin developers early access
The Bitcoin Policy Institute and other industry participants urged AI companies to offer early access to their frontier models to aid Bitcoin and open-source developers in their c…
One overlooked group has added $1.78 billion of selling pressure to bitcoin market
Public miners are an underappreciated source of supply hitting the market right at the margin.
Jaguar Land Rover owner Tata Group's chairman to step down
Chandrasekaran said he would not seek reappointment when his term ends due to a lack of support from the Tata Sons board.
Millions of US tax dollars sent to rightwing European thinktanks. Did any Trump supporters vote for that? | Arwa Mahdawi
It’s a great betrayal: poor communities neglected while multimillionaires peddle a global Maga agenda. How is that America first?“THE CORRUPTION IS AT LEVELS RARELY SEEN BEFORE,” …
Inside the fake crypto startup that fooled North Korean IT workers
Suspected North Korean IT workers joined a fake crypto startup — without realizing their every move was being tracked to extract valuable intel.
Live updates: Bitcoin at $63,600 as Japan's Metaplanet moves 3,881 BTC between wallets
Blockchain data shows the Japanese treasury firm moved the bitcoin between wallets it controls, not to an exchange, so the transfer isn't a sale despite its $1.4 billion paper los…
Forget the gala, these Silicon Valley schools run their own venture capital funds
A handful of elite Bay Area schools have enlisted parent-donors from Sequoia, Lightspeed, and Battery to steer small pools of donated capital into early-stage startups. With massi…
Universities are buying and selling property for data centers, prompting concerns about an AI brain drain
The George Washington University recently sold its Virginia campus to Amazon, and The University of Michigan proposed a new $1.2 billion data center development.
Kalshi’s CEO is racing to build a futures market for AI’s most precious resource, which could be worth $100 trillion by 2030
Compute is the new oil—but building its futures market may be just as messy.
Meet ChatTJB, the ‘AI’ chatbot with no AI, no algorithm and no LLM. It’s just one guy and the 10,000 people who volunteered to type back
There's no AI behind ChatTJB, just a former Google employee and soon, more than 10,000 volunteers answering strangers' questions in his place.