Financials articles

Researchers found a way to bring expired credit cards back from the dead

WTF?! Credit cards aren't meant to last forever, but a team of researchers just found a way to keep expired ones alive for a little longer than intended, and not for the cardholder's benefit. Not every card is affected, but the flaw sits deep enough in how contactless payments are verified that exploitation isn't just theoretical.

Anthropic is heading toward the largest IPO ever, at a possible $2 trillion valuation

Candy Crush generates nearly $1 billion annually, 14 years after launch

Take-Two's CEO predicts streaming will 10x gaming's install base within three years

Nintendo's Switch 2 sells over 23 million units in its first year, outpacing the original's 17 million

AMD's data center business just more than doubled, and gaming is paying the price

Amazon spent $1.8 million on a failed AI project, and didn't notice the overrun for five months

Meta's Reality Labs division lost $4.6 billion in Q2 2026, pushing total losses toward $88 billion

iPhone and Mac sales surge push Apple's quarterly revenue to $109 billion

Bottom line: Apple's last quarterly earnings report under CEO Tim Cook showed gains across nearly every category, led by iPhone and Mac sales. The budget MacBook Neo appears to have been a major contributor to that growth. But as the Cupertino company prepares to hand the reins to a new CEO, rising prices could complicate the road ahead. Apple has already begun responding with a new leasing program.

Seagate aims to launch 50TB HAMR hard drives in 2027

Samsung is locking in five-year chip deals as AI demand shows no signs of slowing

Xbox keeps sinking while Microsoft's AI business keeps soaring

Apple is the most valuable company in the world, again

China's CXMT surges nearly 500% in explosive Shanghai stock market debut

Intel just posted its best growth in 15 years – and burned billions to make it happen

Amazon, Meta, Microsoft, and other US tech giants are hiding $1.65 trillion in AI debt

Ripple effect: Amid growing talk of an AI bubble, a study by Japanese market analysts has found that five of the largest American technology companies are carrying a collective "hidden" debt of over $1.65 trillion, driven largely by massive spending on AI infrastructure. That undisclosed sum exceeds the $1.35 trillion the same companies have officially reported on their balance sheets, and it has grown eightfold over the past four years.

Samsung finally has its own credit card, seven years after Apple

Sony's digital-only future angers fans, but physical PlayStation games are barely selling

IBM's stock just had its worst day since 1968

SoftBank boss says the AI revolution will cost $5 trillion a year, also, there's no bubble

Sarah Connor warned us: Multiple reports are routinely confirming that the alleged "AI revolution" is not going the way Big Tech and VC investors would like it to. SoftBank's founder and largest shareholder, however, still believes the revolution will come to pass. AI skeptics, in his view, are simply on the wrong side of history. Or are they?

Steam just made $11 billion in the last 6 months, and most of it came from older games

Bottom line: Steam just posted its strongest half-year ever. In the first six months of 2026, it's estimated that games sold through the platform generated $11.1 billion in gross revenue, a record haul for the PC storefront. That figure is close to what Steam generated across all of 2021, a year boosted by pandemic lockdowns – also only 21% of that revenue comes from games released in 2026. The rest came from older titles in Steam's back catalog.

TSMC posts blowout $39 billion quarter, raising the same old AI question: is this sustainable?

Samsung will earn more profit in 2026 than it did over the previous 40 years combined thanks to the AI boom

PlayStation sales just had its worst May in 25 years, and Xbox's was the worst ever

Sony's best-selling PlayStation games this year are mostly ones it never brought to PC