US stocks tumbled on Friday as disappointing results from Intel and Amazon reignited concerns over rising artificial intelligence spending and uncertain returns. The Nasdaq recorded its biggest single-day percentage decline since June 5. Technology stocks led losses, while the S&P 500 and Nasdaq also ended October in negative territory.
US midterm election 2026: California voters will elect a new governor on November 3 and decide a handful of House races that could swing the balance of power in Congress.
Investor concerns about the high expenditures on artificial intelligence have intensified amidst rising borrowing costs. Major technology companies like Meta, Alphabet, and Microsoft are increasing their capital outlays to strengthen AI infrastructure. The Nasdaq 100 index has already seen a significant decline of more than 5.8% in October. Analysts predict that global AI infrastructure spending could reach unprecedented levels by 2030.
On a recent warm Thursday evening, supporters drift into San Francisco’s United Irish Cultural Centre to hear Connie Chan, who is running for California’s 11th congressional district. Born in Hong Kong, Chan attended elementary school in Taiwan before immigrating to the United States at 13. Now a San Francisco supervisor, she hopes to succeed long-time Democratic powerhouse Nancy Pelosi, who announced her retirement and endorsed her. The 48-year-old politician would be the first Asian-American...
Qatari mediators arrived in Tehran to support ongoing negotiations between the US and Iran regarding nuclear issues. US President Donald Trump expressed optimism that the conflict with Iran would conclude soon. However, he did not elaborate on how the resolution would take place during the upcoming elections. Iran maintains its stance on nuclear demands while seeking relief from economic sanctions imposed by the US.
Pentagon officials have requested several NATO countries to tone down their public statements regarding Russia's threat. These requests are primarily directed towards Lithuania, Latvia, and Estonia. Concerns have arisen over comments suggesting Russia is cornered due to its stalled invasion of Ukraine. As the Trump administration seeks a negotiated end to the war, pressure is applied on Ukraine as well.
he founded the influential label Maybach Music Group, boosting the careers of signees like Wale, Meek Mill and French Montana.
The US Federal Communications Commission intends to vote on banning Chinese telecom firms from accessing US phone numbers. Concerns around national security have led to this potential decision against companies like China Mobile and China Telecom. The measure aims to prevent illegal robocalls and protect US telecommunications. China has opposed this likely ban, asserting it undermines legitimate business practices.
The Election Commission of India plans multiple timeline extensions for the special intensive revision of electoral rolls. Bihar completed its process quickly, but most other states needed additional time. Delhi has the most extensions, now totaling over 176 days. Several states, including Andhra Pradesh and Telangana, are facing delays in finalising their electoral rolls. These prolonged timelines reflect ongoing issues with voter application discrepancies and entry verifications.
