The stock market tanked on Thursday amid concerns that a shift in congressional political control following the U.S. midterm elections could slow the construction of data centers that power artificial intelligence services. Stocks sank across the board, but technology companies with a hand in the AI sector were hit especially hard. The tech-heavy Nasdaq Composite…
Financial markets slumped on Friday as investors bailed on technology stocks amid concerns that companies exposed to artificial intelligence are starting to wobble. The tech-heavy Nasdaq Composite tumbled 573 points, or 2.1%, to end at 26,140, closing out its worst week since June. The broader S&P 500 and blue-chip Dow Industrial Average sank 1.1% and…
Cuba’s power grid collapsed once again on Friday, leaving millions of people across the island without electricity for at least the sixth time since President Trump cut off fuel to the island in January. The Ministry of Energy and Mines announced the islandwide power outage on its official X account and added that officials had…
Baby formula maker Abbott Laboratories agreed to pay nearly $385 million to resolve a civil False Claims Act case with the Justice Department and some states stemming from a Cronobacter bacterial contamination at one of its plants in Michigan that manufactures powdered baby formula, the department announced on Monday. Earlier this year, the Justice Department…
Pennsylvania Rep. Rob Bresnahan is promoting a bill to give data center-wary municipalities greater control over whether the facilities can be built, a message featured in a new television ad the Republican congressman is running in the Scranton and Wilkes-Barre area. But in the past, Bresnahan has taken an overtly friendly stance toward data centers,…
The Social Security Administration said on Tuesday that it is adding 14 conditions to its fast-track disability list, which can help people with these conditions speed up the process of receiving benefits. The program, known as the Compassionate Allowances list, was created in 2008 to accelerate disability claims for people with rare, life-threatening or other…
