Story archive

US tech stock rout: is the AI bubble bursting?

After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown? Global financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections.

Spain Orders Olive Oil Mills to Hold Back Output to Lift Prices

Spain has ordered olive oil mills to withhold 12% of production to arrest a price slide caused by a glut.

U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%

Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate was expected to hold steady at 4.2%.

A.I. Was Supposed to Come for Our Jobs. So Far, Evidence Is Mixed.

White collar industries that are most exposed to artificial intelligence continued to add jobs in October, although that growth has been weak.

Billionaires Ray Dalio and Richard Branson hate workplace gossip—but men who do it could face a steeper career penalty than women, study finds

New research found that men who gossip are perceived as less competent and less qualified for leadership roles than women who engage in the same behavior.

Bill Gates believes a billionaire’s tax is the only option in the age of AI—and ‘whatever’s left over’ can be used as a philanthropic safety net

Anthropic IPO announcement odds drop on Kalshi following midterms and AI sell-off

Kalshi traders cut the odds of an Anthropic IPO announcement before December as AI stocks sold off after Democrats won control of Congress.

Fox completes $22 billion Roku deal to expand digital reach

Greece stocks lower at close of trade; Athens General Composite down 2.22%

Humana lifts annual profit forecast as medical costs ease

TSMC considers making advanced memory chips, The Information reports

Millennium Parting Ways With Two More Credit Trading Pods

At least two more credit trading pods running money for Millennium Management are leaving the hedge fund giant.

Globus Medical stock hits 52-week low at 72.38 USD

Citi Names Top Stock in Stablecoin and Digital Payments Space

Immunome stock may move 9.4% on earnings release

Freenome stock hits 52-week low at 9.94 USD

Hub Group stock may move 2.2% on earnings release next week

US consumer sentiment improves in November; worries about AI bubble emerge

‘A master class in how to handle layoffs’: Canva is restructuring 22% of its workforce, and LinkedIn is applauding the exit package

My family paid $180 to have Costco handle Thanksgiving dinner. The prep was easy, and each dish tasted homemade.

Instead of cooking, my family got Thanksgiving dinner delivered from Costco. For $180, our heat-and-serve meal had turkey, sides, rolls, and dessert.

The Rise of Luxury Prenatal Retreats

Overwhelmed by online advice and conflicting rules, mothers-to-be are paying for a few days where someone else takes care of the details. Alice Robb explains the rise of luxury prenatal retreats.

Energy Aspects Slashes Forecast of China’s November Diesel Exports

Reduced domestic inventories will likely result in significantly lower Chinese exports of diesel in November amid the global diesel crisis, analysts at Energy Aspects say as they slashed their estimates of Chinese shipments this month.

Goldman US Stock Panic Gauge Hits Extreme, Signaling Rebound

Goldman Sachs Group Inc. traders said the violent selloff in US equities has pushed market panic to an extreme level that historically signals a strong rebound over the medium term.

The Iran War Isn't Over, but Oil Traders Are Already Pricing In Peace

Oil prices plunged 15% this week as hopes of a U.S.-Iran peace deal fueled bearish sentiment, despite continued attacks in the Strait of Hormuz.

These three stars need to align before investors rush back into stocks, Bank of America strategist says

Despite the steep drop in equity markets this week, investors should wait for several developments in other asset markets before rushing back into stocks, Michael Hartnett said.

The crypto industry has found new ways to grow. Making money from them is another story

Coinbase, Robinhood and Circle are expanding into stablecoins, payments and prediction markets, but their latest earnings show how hard it is to escape crypto's boom-and-bust cycles.

PM tells firms to publish salaries in job adverts ahead of new law

The government argues the change will help jobseekers and could help to prevent pay discrimination.

Europe alarmed by US plans for security deal with Russia

EU charges TikTok with failing to protect users’ mental health

US officials head to Berlin for drug pricing talks

Talks come as Germany scrambles to avoid U.S. tariffs over the way it prices new drugs.