S&P 500 and Nasdaq end sharply lower as revived AI doubts spark global tech selloff
A renewed wave of skepticism about the durability of the AI trade drove steep declines in US tech stocks, with the 10-year Treasury yield sliding as investors f
Reuters · +13 outlets
Brent crude tops $116, a six-month high, as Middle East tensions swell
Oil's surge compounded the market selloff, with Trump accusing Iran of trying to manipulate the oil market.
CNBC · +7 outlets
OpenAI trims valuation target to $1.25tn after pitching a higher $1.4tn price
The reduction in the AI lab's targeted price tag comes amid broader investor doubts about AI valuations.
Ft · +1 outlets
Tesla and SpaceX merger chatter takes center stage; Musk approval required
Talk of a Tesla-SpaceX combination has intensified after both companies reported earnings, though any deal faces lengthy negotiations and regulatory review.
CNBC · +12 outlets
Smith & Nephew merger talks with J&J orthopaedics unit collapse over CEO role
The reported breakdown scuttles a deal that would have combined two major orthopaedics businesses, with a dispute over who would lead the entity cited.
Reuters · +12 outlets
Volvo Cars plunges 24% and plans 2,500 job cuts as China sales slump
The Swedish automaker cited a deteriorating environment led by tougher market conditions in China and the US that hurt free cash flow.
CNBC · +3 outlets
American Express to cut 5% of workforce as it moves to 'prepare for AI'
Amex is taking a $336 million restructuring charge in the quarter following its third-quarter results.
CNBC · +11 outlets
Critical PHP flaws set off global security scramble amid AI-driven threat warnings
Governments and businesses are racing to contain fallout after the vulnerabilities leaked online, as analysts warn of a broader AI cyber threat surge.
CNBC · +8 outlets
Treasury proposes rule curbing US investments over $50,000 in AI, biotech in China and Russia
The rule extends the US push to deny adversaries investments that could bolster their military capabilities.
Fortune · +5 outlets
DOJ sues to block Alaska from certifying Senate race winner if Republican narrowly loses
The Alaska contest is one of several that could decide whether Republicans keep their slim Senate majority.
CNBC · +14 outlets
Moderna shares plunge despite positive cancer vaccine results after data leaks
The company released full data on its closely watched cancer vaccine developed with Merck, but the unauthorized leak drove a sharp reversal in the stock.
CNBC · +14 outlets
Google told to halt Finnish data center work after clearing an estimated 250,000 trees
Finland's regulator says the company began work on its biggest European data center project before an environmental review was complete.
Fortune · +14 outlets
TikTok US seeks multiple gigawatts of computing capacity, sources say
The US operator of the social platform has sounded out options to secure capacity over the coming years.
CNBC · +4 outlets
Silicon Valley Democrats demand investigation into Starlink restrictions in Ukraine
Kyiv accuses Washington of intentionally throttling the satellite service, and a congressional letter signals Democrats would prioritize the issue if they win t
CNBC · +11 outlets
US nuclear revival faces scrutiny after incidents delay flagship Michigan plant restart
The delay comes as the Trump administration champions nuclear power to meet booming AI data center demand.
Ft · +1 outlets
Treasury yields slide below 5% as investors seek cover from AI worries
Government bonds drew safe-haven flows even as gold dropped below $4,000, joining the broader market selloff.
CNBC · +13 outlets
White House says Melania Trump brokered a Russia-Ukraine ceasefire in one city
The first lady initiated the discussions directly with Russian and Ukrainian leadership, even as both sides traded fresh strikes.
Fortune · +1 outlets
France flashes euro crisis signals as borrowing costs surge on debt and political risk
Questions are rising over whether French fiscal stress could spread across the euro zone.
CNBC