Tesla and SpaceX are jointly developing a $16.8 billion semiconductor campus called Terafab in Grimes County, Texas, to produce memory and logic chips for vehicles, Optimus robots and spacecraft systems.
Posted inMarkets
S&P 500 Closes at Record 7,757 as Weak Jobs Data Lifts Rate-Cut Odds
The S&P 500 set a new all-time high of 7,757.64 on August 7, 2026, as a sharply weaker-than-expected US jobs report dimmed Federal Reserve rate-hike expectations and sent technology shares sharply higher.
Posted inEconomy
US Economy Sheds 23,000 Jobs in July, First Drop in Months
American employers shed 23,000 nonfarm payroll jobs in July, the Bureau of Labor Statistics reported on August 7, 2026, sharply missing forecasts and marking the first monthly payroll decline of the year.
Posted inGeopolitics
Ukraine Strikes Iranian Vessels in the Caspian, Opening a New Battlefront
Ukraine attacked Iranian vessels in the Caspian Sea on July 25, killing one sailor and drawing a retaliation warning from Tehran as Kyiv extends its campaign to cut the Iran-Russia supply corridor.
Posted inWorld
De la Espriella Takes Office After Colombia’s Tightest Runoff in History
Abelardo de la Espriella was sworn in as Colombia’s president on August 7, succeeding leftist Gustavo Petro after winning a runoff by fewer than 250,000 votes out of 26.3 million cast.
Posted inTech
AMD Data Centre Revenue Doubles as Helios AI Platform Enters Production
AMD’s Q2 2026 data centre revenue doubled to $6.7 billion as the Helios AI platform entered production with Anthropic and Microsoft as launch customers.
Posted inMarkets
Firmware Bug From 2021 Drained $140 Million from Coldcard Bitcoin Wallets
A 2021 firmware error in Coinkite’s Coldcard wallets made seed phrases predictable, letting hackers drain over $140 million in bitcoin in 41 minutes.
Posted inEconomy
Brazil Cuts Selic to 14% for Fourth Consecutive Meeting
Brazil’s Copom cut the Selic to 14% on 5 August, a fourth straight quarter-point reduction completing 100 basis points of easing since March 2026.
Posted inGeopolitics
Ukraine Strikes Russian Refineries 1,300km Inside Russia as Strikes Kill Six
Ukraine struck oil refineries in Bashkortostan and Yaroslavl on 6 August, over 1,300km from the front, as Russian attacks killed six people in eastern Ukraine.
Posted inWorld
Venezuela Opens US-Backed Transition Talks Without Machado
Venezuela’s government and opposition met in Caracas on 6 August to open US-backed transition talks, with Nobel laureate María Corina Machado excluded.