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8/6
16:28
The Dow industrials led U.S. stocks to a lower close in a jittery session, as doubts emerged regarding a potential deal concerning the Strait of Hormuz.
16:19
Savers Value Village exclusively disclosed to CNBC that it is launching an AI pricing tool called ThriftIQ, designed to optimize product pricing and maintain price consistency and affordability. The tool has been deployed in 58 pilot stores and has already priced over 25 million items, a number expected to double by the end of this year. The company aims to provide customers with more predictable pricing while keeping average prices 40% to 70% below traditional retail prices. Mark Walsh, CEO of Savers, stated that the tool is not dynamic pricing, and once an item is priced and tagged, the tag price will not change. The company plans to roll it out to more U.S. and Canadian stores by early 2028.
16:12
AMD announced on Thursday that it has reached an agreement to acquire Taalas, a Toronto-based startup. Taalas specializes in custom or hardwired accelerator chips for specific AI models, rather than general-purpose chips, and its technology is expected to provide lower-cost and thousands of times faster outputs for specific models. The acquisition aims to integrate Taalas' chips and technology into AMD's product roadmap, including its CPU and Instinct GPU systems, to address the demand for diverse chip solutions in the generative AI field. Previously, NVIDIA also acquired the assets of AI chip design company Groq for $20 billion.
16:12
The White House has announced that, in response to President Donald Trump's call to lower the cost of living for Americans, private companies are taking action. Specific measures include:

For food and everyday essentials, Giant Eagle is lowering prices on over 300 popular products by an average of more than 10%; major retailers such as Walmart, Sam's Club, Target, Kroger, Albertsons, and H-E-B have also reduced prices on thousands of everyday items, with Albertsons lowering the base price of some items by at least 8% or $1, Cub Foods reducing prices on dozens of items by approximately 40%, and PepsiCo cutting retail prices on major snack brands by up to 15%.

For prescription drugs, 17 of the world's largest pharmaceutical manufacturers have agreed to match U.S. drug prices with the lowest prices in comparable developed countries. Novo Nordisk, through TrumpRx, is reducing the price of Ozempic and Wegovy to $199-$350 per month and cutting prices on common insulin treatments by 75%; Pfizer, through TrumpRx, is offering an average discount of 50% (up to 85%) on primary care treatments and select brands; Amgen, Eli Lilly, and other companies have also reduced prices on multiple drugs by 60%-85%.

For energy, 25 gas stations under the Freedom Fuel Network are lowering gasoline prices by approximately 50 cents/gallon; Georgia Power is reducing residential electricity bills by $50 annually; Alliant Energy is implementing a five-year electricity rate freeze for Iowa residential customers; NiSource and Entergy will return $1.4 billion and $2 billion, respectively, to customers in Indiana and Mississippi; DTE Energy has announced a suspension of electricity rate increases for at least two years.

For automobiles, Ford is extending employee pricing to all U.S. customers; Stellantis is offering 0% financing and 90-day deferred payments; Chevrolet is also providing 90-day deferred payments and multi-year 0% APR financing options.
16:09
Grindr CEO George Arison stated that the company's AI strategy is paying off, with engineering output increasing roughly 2.5 times between July 2025 and April 2026 without a significant increase in headcount. This productivity gain, which would have otherwise required 200 additional engineers and $60 million in annual costs, makes the projected $6 million annual spend on AI tokens a "no-brainer." The LGBTQ-focused dating platform reported Q2 revenue of $138 million, up 33% year-over-year, and raised its 2026 full-year revenue guidance to approximately $540 million. Its new AI-powered "Edge" companion, priced as high as $350 per month in test markets, was initially expected to attract only top-tier subscribers but has seen adoption from a wider range of users, including non-subscribers, indicating consumer willingness to pay for AI experiences. Subscriber retention has also remained stron
16:04
Crypto trading firm Wintermute has obtained a broker license, marking its entry into regulated Wall Street. The move is part of a broader trend of digital currency firms expanding into traditional finance services, with Wintermute specifically aiming to challenge established market makers like Jane Street and Citadel.
15:55
An analysis suggests that former President Trump's reported repeated phone calls to Fed Chairman Kevin Warsh, treating him as an ally, could complicate the central bank's efforts to demonstrate independence on inflation and interest rates. This marks a shift from Trump's previous contentious relationship with Warsh's predecessor, Jerome Powell. While the White House states Trump respects Warsh's independence, and Warsh himself has affirmed his willingness to hear from the President while making his own decisions, market commentators have already questioned Warsh's credibility after his recent press conference. Former Treasury Secretary Timothy Geithner warned that Warsh might have to take more aggressive action than otherwise necessary to prove the Fed's independence if inflation spikes, potentially slowing the economy to make a political point.
15:54
Kathleen Allman, mother of the late Ondo Finance founder Nathan Allman, has filed a verified complaint in the Delaware Court of Chancery, alleging that Ian De Bode improperly assumed the CEO role after her son's death in May without board approval. Allman, as the personal representative of Nathan's estate, claims a controlling voting interest in the company and the authority to reconstitute its board. De Bode stated that Allman's claims are meritless and that the company maintains support from key stakeholders and investors. Ondo Finance specializes in bringing traditional financial products onchain, with its ONDO governance token reflecting a market value of nearly $2 billion.
15:29
This update includes the acceptance of a proposal to automate the expansion of account data size when modifying Solana programs, and a discussion on prohibiting self-withdrawal from vote accounts to address an existing vulnerability. Additionally, the Agave client has undergone more consistency work in instructions, VM syscalls, serialization, and transaction execution, and has improved Leader Turbine's broadcast caching and routing table reconstruction. The Firedancer client has implemented snapshot creation functionality and will support QUIC datagrams for enhanced performance. The Mithril client is also synchronizing with Agave's consistency suite.
15:26
Micron Technology's stock erased its intraday losses and clawed back, bucking the broader memory-chip selloff that saw shares of Sandisk and Western Digital decline.
15:14
Armstrong explained that Coinbase leverages a common platform, encompassing custody, licenses, exchange liquidity, stablecoin, and fiat integrations, to power all its products. This approach allows the company to serve diverse customer segments, including retail, advanced traders, businesses, institutions, and developers, while working towards its mission of increasing economic freedom.
15:12
Base creator Jesse Pollak stated that under new leader Jordan "Cobie" Fish, the Base app will broaden its scope to incorporate assets and features from other blockchains, shifting away from its previous focus on the Base ecosystem. Pollak will now refocus on the underlying Base blockchain, which is seeing growing demand across tokenization, trading, payments, and financing, with nearly $5 billion in DeFi assets and over $1 billion in daily trading volume. Pollak views recent blockchain launches from companies like Robinhood and Stripe as "validation" of Base's strategy.
15:02
Gold and silver prices dropped, snapping two- and three-day winning streaks, respectively.

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