Temporary flight restrictions have been imposed at airports in Samara, Ulyanovsk, and Yaroslavl, across European Russia, the country's Federal Air Transport Agency, Rosaviatsiya, said.The flights were...
The Nasdaq has fallen into correction territory as election-driven uncertainty and fears about AI regulation batter technology shares. The selloff raises fresh questions about the durability of the AI investment boom.
Risk appetite has fractured: the Nasdaq has entered correction territory as chip and AI-linked shares lead declines, while the Dow and S&P 500 have also retreated from post-election gains. Investors are weighing AI regulation and data-center permitting risks against resilient productivity and labor data. Oil’s sharp fall on hopes of easing Iran tensions adds another cross-current, while higher UK rates reinforce inflation concerns.
US equities are under pressure as the post-election rally gives way to a broad selloff. The Nasdaq’s move into correction territory underscores the scale of the retreat.
3.6% - US labor productivity growth, its fastest pace in a year.
Chipmakers are among the market’s steepest decliners as investors reassess AI-related risks. Qualcomm’s weaker forecast adds pressure beyond the sector’s biggest names.
Voter resistance to data centers puts AI infrastructure plans under greater political scrutiny. OpenAI says it will cover the electricity and infrastructure costs of its facilities.
Toyota lifted its annual net-profit forecast, citing strong demand and a weaker yen despite pressure in China. More on japantimes.co.jp
Democrats’ midterm victories give the party control of both chambers and put economic policy in focus. The incoming Congress could reshape debates on trade, spending and AI.
The Iran conflict is emerging as a major political and economic pressure point after the midterms. President Trump acknowledged the war contributed to Republican losses, while Treasury Secretary Scott Bessent vowed to maintain economic pressure on Iran.
Veracyte shares plunged after the company lowered growth expectations for its best-selling prostate cancer test. More on investors.com
Central banks are confronting persistent inflation with a more restrictive rate outlook. The Bank of England raised rates, while a Federal Reserve official backed tighter policy.
Oil prices have retreated as markets weigh hopes of easing Middle East tensions. A projected global supply surplus adds to the pressure on crude.
The Bank of England raised its benchmark rate by 25 basis points to 4%, warning that inflation pressures may persist. The new Democratic majority in Congress is expected to intensify scrutiny of banks and AI data-center expansion.
Repeated bomb threats have disrupted commercial aviation across Europe, forcing diversions and emergency landings. EU officials have activated an information-sharing mechanism as authorities monitor the incidents.
Cyber incidents have renewed concerns about vulnerabilities in banking systems and financial infrastructure. A French bank confirmed a major theft, while US regulators reviewed bank systems after a crypto hack.
You’re either with us or against us. — Scott Bessent, US Treasury Secretary
Developing nations’ external debt has reached a record level, tightening fiscal constraints. The poorest countries also face their highest debt-servicing costs in decades.
The collapse of Paraguay’s Ueno Bank has left depositors without access to funds and intensified political turmoil. The crisis is prompting an impeachment push against President Santiago Peña.
Wendy’s rejected a $1.4 billion takeover proposal led by Nelson Peltz’s Trian. The board is backing its own turnaround effort and adopted a poison-pill plan.
CVS plans to separate its pharmacy operations from its broader health-care business. The breakup marks a major shift for the vertically integrated company.
Democratic control of Congress is expected to bring tougher scrutiny of banks and Wall Street. Financial firms are preparing for new hearings and investigations.
China’s government is blocking or threatening measures against major foreign technology and trade deals. The moves add uncertainty for cross-border investment and market access.
Defense companies are facing contrasting signals as military demand and contract execution diverge. Rheinmetall’s outlook cut contrasts with strong order growth at Italian defense and aerospace group Leonardo.
Recent US data point to stronger productivity and continued job security. The figures offer a mixed but resilient picture of the labor market and business output.
Companies are cutting jobs as they pursue cost savings and respond to shifting business conditions. BT has disclosed thousands of reductions, while Google is offering voluntary exits.