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Bloomberg: 'Peak Hype' Emerges as Small Firms Join AI Craze

1 hours ago

Bloomberg reported on May 8 that a small pharmaceutical firm—even as it faced the risk of Nasdaq delisting—swiftly pivoted from celebrating a new cancer treatment patent to positioning itself as an AI company in just two months, a move that temporarily buoyed its stock price. Formerly Qualigen Therapeutics, the firm has rebranded as AIxCrypto Holdings LLC and trades under the ticker AIXC. Post-renaming, its shares surged over 100% in late September.
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U.S. Military Strikes Several Tankers Trying to Break Blockade

Fox News reported on May 8 that U.S. military forces conducted additional airstrikes today, targeting several oil tankers attempting to break a naval blockade. A senior U.S. official stated the vessels were all Very Large Crude Carriers (VLCCs) — large empty ships bound for Iran — and were trying to breach the same blockade.

8 minutes ago

Solana Annual Summit Breakpoint 2026 Registration Officially Opens

The Solana Foundation announced on May 8 that registration is officially open for Breakpoint 2026, its annual conference set to take place in London from November 15 to 17. London—a top global financial and tech hub—will host Breakpoint for the first time. Limited early-bird tickets are now available.

8 minutes ago

「Fed Whisperer」: US Unemployment Rate Not Rising Due to Shrinking Labor Force

May 8: Per Nick Timiraos, the "Fed Whisperer," household survey data shows U.S. employment dropped 226,000, the labor force contracted 92,000, and the labor force participation rate dipped 0.1 percentage points to 61.8%. The U.S. jobless rate hasn’t risen, Timiraos noted, because people left the labor market—not because they found jobs.

8 minutes ago

The Pentagon has started releasing new UFO-related documents

On May 8, per market sources, the Pentagon has begun releasing new UFO-related documents, with officials noting the public can draw its own conclusions about so-called Unidentified Aerial Phenomena (UAP).

8 minutes ago

The US unemployment rate in April was 4.3%, in line with expectations

May 8: U.S. April unemployment rate comes in at 4.3%, matching expectations. (FXStreet)

8 minutes ago

U.S. Rate Futures Signal Slight Decrease in Probability of Fed Hike in 2026

On May 8, U.S. interest rate futures indicated a slight decline in the probability of a 2026 Federal Reserve rate hike. (Xinhua)

8 minutes ago

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