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…
Calls for a slowdown in artificial intelligence development sparked a global sell-off in technology stocks on Monday, as investors fretted over the sustainability of spending in a sector that has driven financial markets to record highs. The tech-heavy Nasdaq Composite Index slumped roughly 1% in early trading, with the broader S&P 500 falling 0.6%. The blue-chip…
The far-right Alternative for Germany party surged to a resounding victory in a regional election Sunday, but fell a little short of winning a majority in its quest to form the country’s first far-right state government since World War II. The party of Germany’s unpopular leader, Chancellor Friedrich Merz, slumped to a disastrous result in…
The wreck of a steam tugboat dating from the early 1900s is the latest relic to emerge from shrinking waters in Serbia as Europe’s rivers run dry, with the continent engulfed in prolonged, extreme heat and drought. The rusting hull — once a famed vessel known as the Slovenian — surfaced earlier this month from…
Country star Colt Ford doesn’t remember the day he had a life-threatening heart attack. He and his band performed at Whiskey Row, a venue in Gilbert, Arizona, on April 4, 2024, but Ford told CBS News that he has no memory of the show. He also doesn’t remember the moments after the show, when he…
SpaceX on Tuesday reported a second-quarter loss of $541 million on revenue of $7.8 billion in its first earnings report as a publicly traded company, offering a window into its performance after executing the biggest ever initial public offering in June. Elon Musk’s rocket, satellite and AI provider was forecast to report revenue of $6.8 billion…
SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June. SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…
