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Economy

JD Vance joins high‑stakes US–Iran peace push as Hormuz tensions threaten 20% of world oil

JD Vance has flown into Switzerland to join Donald Trump’s envoys in 60‑day roadmap talks with Iran, after Pakistan and Qatar said negotiations were making “positive progress” on nukes and sanctions.

Read more: JD Vance joins high‑stakes US–Iran peace push as Hormuz tensions threaten 20% of world oil
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Cryptocurrency

World Cup wagers spark race among prediction markets

  • Kraken’s FIFA World Cup sponsorship coincides with prediction market trading volumes surpassing US$2 billion across football-related contracts. 
  • Sports forecasting activity is being concentrated in blockchain-based and regulated event markets, led by Polymarket and Kalshi. 
  • Regulatory uncertainty around prediction markets remains the key challenge as platforms expand into mainstream sporting events. 
Read more: World Cup wagers spark race among prediction markets
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Insights

The hidden manufacturing race to build the physical backbone of AI

  • Jabil’s Q3 fiscal 2026 revenue reached $8.8 billion, with management signaling strong future demand for AI-native infrastructure and cooling systems.
  • The company reported U.S. GAAP operating income of $445 million and core diluted earnings per share of $3.16, as it pivots toward high-speed AI interconnects.
  • The broader sector faces a structural shift as contract manufacturers race to expand domestic capacity for power-intensive, liquid-cooled data center hardware.
Read more: The hidden manufacturing race to build the physical backbone of AI
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Insights

How artificial intelligence investments are quietly reshaping technology consulting valuations

  • Accenture reported $18.7 billion in quarterly revenue, yet its stock fell 13.3% to $143.50.
  • The firm recorded $19.3 billion in new bookings and expanded operating margins to 17%.
  • Consulting firms face mounting investor pressure to convert enterprise artificial intelligence demand into immediate profitability.
Read more: How artificial intelligence investments are quietly reshaping technology consulting valuations
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Insights

Why Earth's Richest Miners Are Swapping Iron Ore for Rocket Fuel

  • Gina Rinehart's Hancock Prospecting has acquired a $1.31 billion stake in SpaceX following its initial public offering.
  • SpaceX completed its first official day of public trading with a total market valuation of US$2.1 trillion.
  • The deal links Australian natural resource exporters directly to the infrastructure requirements of orbital data networks.
Read more: Why Earth's Richest Miners Are Swapping Iron Ore for Rocket Fuel
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Cryptocurrency

Ethereum foundation rocked as 9 senior leaders quit while ETH trades 57% below its peak

Nine senior figures have quit the Ethereum Foundation this year, including co‑executive director Hsiao‑Wei Wang, even as ETH trades about 57% below its all‑time high and Solana closes the gap.

Read more: Ethereum foundation rocked as 9 senior leaders quit while ETH trades 57% below its peak
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Insights

Why dominant restaurant brands are suddenly sacrificing legacy divisions for cash

  • Yum! Brands (NYSE:YUM) entered definitive agreements to sell its Pizza Hut brand to two separate buyers for a combined $2.7 billion.
  • The parent company projects $2.3 billion in net proceeds after closing adjustments, driving its share price up to $155.02 following the market announcement.
  • Broad market pressures are forcing quick-service operators to shed secondary divisions as corporate boards attempt to maximize shareholder value and establish focused corporate structures.
Read more: Why dominant restaurant brands are suddenly sacrificing legacy divisions for cash