The forces behind enterprise cloud spending trends

Silk Road founder Ross Ulbricht is forfeiting billions of dollars worth of Bitcoin (BTC) and other crypto assets to the US government. According to a new court filing, Ulbricht will relinquish any claim to over 69,000 BTC and undisclosed amounts of Bitcoin Gold (BTG), Bitcoin SV (BSV) and Bitcoin Cash (BCH) worth a combined $3 billion as part of a settlement.

Blackout and crisis preparedness expert Herbert Saurugg has recently warned against the complete power grid blackout that could plunge entire Europe into darkness. He predicts a widespread blackout could be lurking in the not too distant future and such an event can cause extremely chaotic conditions worldwide. However, those who are prepared for an emergency can definitely bridge the difficult days well.

Tesla has started underwriting auto insurance. Buffett previously said he would bet against any car company becoming a big winner in the space.

US consumers continued to increase spending in April, remaining resilient in the face of accelerating inflation, but retail giant Walmart still saw a big hit to its bottom line due to rising costs, according to reports released Tuesday. - Labor, fuel costs rise - Walmart executives pointed to a series of cost hits that converged in the quarter ending April 30, as the retail giant reported a 25 percent drop in profits to $2.1 billion -- $1.30 a share, below the $1.48 expected by analysts -- as revenues rose 2.4 percent to $141.6 billion.