Wall Street ended lower on Wednesday, pulled down by Alphabet and Amazon, as US Treasury yields climbed and Iran's president said Tehran would never surrender to US pressure. Oil prices rose almost 4 percent and the S&P 500 energy sector index rallied after Iranian President Masoud Pezeshkian's speech at the UN, a day after US President Donald Trump warned he could "annihilate" Iran. A survey showed US business activity raced to a more than five-year high in September, pushing government bond yields higher and raising expectations the Federal Reserve will increase interest rates at its October meeting. Yields on 2-year Treasuries touched their highest since 2024, while 10-year Treasury yields hit their highest since 2007. "The stock market wants a resolution to the (Middle East) conflict, and if we don't get that, we will have higher rates for longer, and that's going to continue to weigh on the equity market," said Lauren Cassidy, chief investment officer at Founders 100 ETF in Dallas. Meta Platforms rose 1 percent, bringing its gain this week to 12 percent following a strong reception of its "Muse" AI assistant, which analysts say could benefit tech infrastructure stocks, while challenging banks, online shopping platforms and other consumer businesses. Google parent Alphabet fell...
Read full articleWhen the CEO of a small logging company in the U.S. state of Virginia decided to visit China to see his buyer's operation first-hand, he was amazed, not just by the woodworking factory, but China itself.
Meta has unveiled audio-only smart glasses, with some questioning whether it is a response to the backlash over privacy.
Lawyers for Darren Indyke and Richard Kahn said their clients were “confident that any investigation will reveal that they were not involved in any of Epstein’s crimes.”
Don't plan a trip without these. View Entire Post ›
Judge Timothy J. Kelly heard arguments about President Trump’s recent decision to bar CNN, MS NOW and Politico from the White House grounds. He said he would issue a decision about it “as soon as possible.”
Singaporean architect Chang Yong Ter and his client go back to their army days in the late 1980s, when both attended officer cadet school. They lost touch afterwards, reconnecting only decades later when Chang’s work appeared in a magazine, and his old friend recognised the name. By then, the client had already set his sights on a plot: a corner site in Bukit Timah, one of the island’s toniest neighbourhoods. “I thought the plot had potential,” the client says. “It was squarish and elevated with...
Texas is now the country's biggest producer of solar-farmed electricity.
Consumers are feeling the squeeze from the rising price of protein.
The White House TV pool has suspended its coverage of President Trump since he banned CNN, MS NOW and Politico from the White House.
OpenAI's Sam Altman has called for risk evaluation standards, as have Anthropic's Dario Amodei and Hugging Face's Clement Delangue.
The US and China are vying for AI supremacy while seeking to keep it under human control.