Economy

Amazon reported better-than-expected second-quarter earnings on Thursday, with net sales rising 20% year over year.

OpenAI has ignited a new phase in the AI price war by slashing the prices of two models in its GPT-5.6 frontier series, cutting GPT-5.6 Luna by 80% and GPT-5.6 Terra by 20%, while introducing a premium Fast mode for its flagship GPT-5.6 Sol.

Strategy, the Bitcoin-focused corporate treasury company formerly known as MicroStrategy, reported an $8.22 billion net loss for the second quarter of 2024, driven primarily by an $8.32 billion unrealized loss on its massive Bitcoin holdings.

The contract, which has attracted $4.7 million in trading volume, will resolve based on market close on July 31.

US spot Bitcoin exchange-traded funds (ETFs) recorded their fourth consecutive session of net outflows on July 28, with investors withdrawing approximately $49.8 million as Bitcoin slipped to $63,000.