Palantir’s stock is on the way back up despite investors’ broad skepticism about AI.

The company’s shares surged 29% Tuesday after it surpassed estimates in its latest earnings report, boosting CEO Alex Karp’s net worth to $15.3 billion. The company disclosed a 93% year-over-year boost in overall revenue, and analysts from Citi wrote that the company’s results “further weaken the bear case around rising AI competition.”

Shares of Palantir are now only slightly down this year overall, by less than 2%, erasing most of a monthslong decline.

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Hackers stole more than $100 million in bitcoin as a result of a firmware flaw in hardware wallets, and more attacks targeting digital assets are ongoing, according to crypto research firm Galaxy Research.

Treasury Secretary Scott Bessent said Tuesday that the U.S. could strike a deal with Iran to reopen the Strait of Hormuz “today or tomorrow,” causing oil prices to fall.

Trump-linked cryptocurrency mining company American Bitcoin agreed to pay $2.5 million to settle a Justice Department allegation accusing it of improperly obtaining a pandemic relief loan.

As consumers trim their spending to weather rising prices, McDonald’s appears........

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