Myspace eyes comeback as an an 'antidote' to social media fatigue — but it may be a long shot
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In this article RDDT Follow your favorite stocks CREATE FREE ACCOUNTA folder of social media applications, including TikTok, Instagram, X (formerly Twitter), Snapchat, YouTube, Facebook, Threads, Discord, and Messenger. Nurphoto | Nurphoto | Getty ImagesMillennials may feel a pang of nostalgia at the news of Myspace's planned revival, but analysts caution that the once-dominant social media platform faces long odds in an overcrowded market dominated by algorithm-driven feeds and short attention spans. We are stewards of the Myspace brand at this point, and we are going to relaunch Myspace. With regulations to ban teens from social media underway, Myspace will have to pursue a strategy that is inclusive of older users, who are also the primary spenders. Additionally, Winick added that most businesses will wait to see if their customers are actually active on a social media platform before they start allocating budget towards advertisements there.

Abel puts a big chunk of Berkshire's cash to work
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Abel puts a big chunk of Berkshire's cash to workIn his second quarter as the new CEO of Berkshire Hathaway, Greg Abel did some serious spending. Greg Abel, President and CEO of Berkshire Hathaway arrives at the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 8, 2026. David A. Grogan | CNBCPart of that spending was for $4.5 billion of Berkshire share buybacks. That's because the agreement stipulates the per share price is the "volume-weighted average per share price" of DaVita's public buybacks during the quarter. Mitsubishi, which is as of April 30, 2026 The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker.

Iran denies any direct talks with U.S. on opening Strait of Hormuz as Houthis claim attack on Saudi refinery
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Iranian Foreign Minister Abbas Araghchi speaks during a press conference held at the Ministry of Interior in Tehran, Iran, on Aug. 8, 2026, on the occasion of National Journalists' Day. Iranian Foreign Minister Abbas Araghchi said Tehran is not currently in direct talks with the U.S. to end the war with Iran and open the Strait of Hormuz, despite Washington's assertions that a deal is near. "Talks with Oman do not mean the Strait of Hormuz will be reopened. An agreement may be reached, but reopening the strait depends on other conditions conveyed through intermediaries," Araghchi was quoted as saying. We are just watching Iran with its huge inflation and the fact they have no money," the president said.

How a small Israeli startup was linked to rogue AI hacks at OpenAI, Anthropic and Meta
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Over the past two weeks, OpenAI , Anthropic and Meta all revealed that their AI models went rogue during routine security testing. In explaining what happened, the companies each mentioned the same small Israeli startup: Irregular. Its technology serves as a sort of cybersecurity test bed for AI models. The recent exploits at OpenAI, Anthropic and Meta all involved their AI models accessing websites that should have been off-limits as part of the cybersecurity testing. A spokesperson said in a statement this week that the company learned about the matter from Irregular and is investigating.

Next big push in ETF industry? Why these risk assets are gaining traction as interest rate uncertainty persists
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Collateralized loan obligations may become the next big push in the exchange-traded fund industry. VettaFi's Todd Rosenbluth suggests there's investor demand for the alternative assets due to ongoing interest rate uncertainty. CLOs are short-term fixed income strategies that consist of pools of floating-rate secured loans. "We've seen fixed income ETF demand be quite strong," Rosenbluth said. Last month's Fed's decision to keep rates unchanged is a catalyst for short-term product demand, according to Rosenbluth.

Inside the startup drone maker powering Ukraine's deep-strike campaign
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Missile and drone maker Fire Point, which says it currently facilitates more than 60% of Ukraine's so-called "long-range sanctions," has scaled exponentially since being founded in response to Russia's full-scale invasion in 2022. The defense-tech startup produced around 200 drones that year, a feat CEO Iryna Terekh described as a "huge achievement." Russian President Vladimir Putin has previously framed the conflict as a pursuit to reverse Russia's post-Soviet retreat and revive Moscow's superpower status. Russian forces, meanwhile, have increased the number of missile strikes on Ukrainian cities, likely seeking to exploit Kyiv's shortage of ballistic missile interceptors. A hold-up in European funding has also prevented the company from maximizing production of its Flamingo cruise missile, Terekh said.

Hugging Face hack marks start of dangerous AI cyber era and many firms 'don't even know it'
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"We need to chill the hype a little bit," said Lior Div, CEO and cofounder of agentic security startup 7AI. While the Hugging Face hack sparked widespread debate over AI accountability, it also challenged previous notions about the limits of AI for defenders. For instance, AI agents took matters into their own hands and went to extreme lengths to accomplish their goal. Hugging Face had to turn to an open-weight model to suss out the OpenAI agent attack. "I think five years from now we'll be in a situation more secure than we've ever been," said Yair Grindlinger, CEO and cofounder of AI security startup Surf AI.

UAE says one of its ships was targeted by missile as U.S.-Iran tensions over Strait of Hormuz remain high
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Iran on Saturday laid out sweeping demands to the U.S. for reopening the Strait of Hormuz, according to media reports. The council also called for an end to U.S. attacks on Iran's regional allies and to threats against Iran, according to the reports. Separately, Iran said it was close to reaching a deal with Oman to manage the strait, the Associated Press reported. Plans include a traffic scheme, demining the waterway, and a commitment from Iran not to fire on commercial vessels, he said. Treasury Secretary Scott Bessent told CNBC on Tuesday that an agreement to open Hormuz with freedom of movement could come as soon as Wednesday.

Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard
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Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. Berkshire Hathaway 's operating earnings climbed 16% in the second quarter as strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results. Operating earnings rose to $12.98 billion from $11.16 billion a year earlier. Manufacturing, service and retailing earnings jumped 24% to $4.47 billion, while Berkshire Hathaway Energy's profit surged 27% to $891 million. Underwriting earnings fell 13% to $1.73 billion from $1.99 billion a year earlier, while insurance investment income declined 9% to $3.06 billion.

How cleaning up space debris could grow to become a big business
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Now, a growing group of companies is betting that cleaning up this orbital junk, and servicing satellites before they become it, could become a business in its own right. Without servicing, Piguet said, motorways "would be littered with cars." Space politicsThe question of who is responsible for removing abandoned space hardware remains a legal grey area. "Space debris is a classic 'tragedy of the commons' dilemma and therefore should be tackled by global cooperation," the agency says on its website. Flohrer said that compliance with space debris standards is slowly improving, particularly among commercial operators, but not fast enough to stop the amount of junk in orbit from growing.

'Moneymaxxing' isn't a trend, it's a 'cultural shift,' financial advisor says — here's how to get started
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"Moneymaxxing," a movement aimed at financial improvement, encourages people to maximize their budgets by trimming recurring expenses, redeeming rewards points — a related trend known as "pointsmaxxing" — and stashing extra cash in a high‑yield savings account. It's a "cultural shift," Sun said, one that's "not about living with less, but rather it's about seeking more for yourself." 'Frugality made cool again'Moneymaxxing is "frugality made cool again — I love it," said Brad Klontz, a Boulder, Colorado-based psychologist and certified financial planner. Over half of millennials and 72% of Gen Zers still rely on their parents for financial support, according to Northwestern Mutual's 2026 Planning and Progress study. "Instead of jumping from one money trend to the next in search of a quick fix, moneymaxxing focuses on creating everyday habits to create long-term financial success," she said.

Hormuz closure clouds China's crude imports after they hit a 3-month high in July
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Transits have since collapsed to a trickle with the oil artery effectively shut, pushing energy prices higher. Crude imports fell 24% from a year earlier, according to official customs data compiled by Wind Information, narrowing from June's 41% slump that brought imports to near a decade low. China's crude oil imports climbed to the highest level in three months in July, though the recovery may be short-lived with the waterway shut again and domestic demand still soft. Imports slid to about 29.3 million tons in June, the lowest since October 2016, according to Wind Information, as the war in the Gulf choked off most Middle Eastern supply. China's strategic crude oil inventories reached nearly 1.4 billion barrels as of December 2025, according to the U.S. Energy Information Administration.