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The stock market tanked on Thursday over concerns that a shift in control of Congress could slow the construction of data centers that power AI. CBS News' Natalia Brand reports, and Jessica Inskip, director of investor research at Stockbrokers.com, joins CBS News.
U.S. stock markets plunged Thursday as investors reconsider AI shares following the Democrats' sweeping wins in the midterm elections. CBS News' Kelly O'Grady has more.
Driver crawled through mud and rocks in effort to reach safety before collapsing from exhaustion
Sell-off drags European shares away from near-record highs
Another wipeout for stocks tied to the buildout of AI data centres overwhelmed Wall Street and more than erasing all its gains from the day before, which was its best in three months.
The market has been reacting to possible tougher scrutiny of data centre construction and the AI industry following the US mid-terms
Tech stocks lead US market slide as investors weigh impact of midterm election results on AI industry.
According to police, the accident took place on the Gangotri National Highway when the vehicle reportedly went out of control and plunged into the river
The selloff came a day after the Dow soared more than 1,500 points.
The Nasdaq Composite tumbled into correction territory on Thursday, reversing a brief post-election rally , as investors worry that the Democrats' control of Congress will delay the AI buildout. The tech-heavy index was down 5.4 per cent at market close and 10 per cent lower from its October 6 record-high close, crossing the threshold for a technical correct
<p>With the US midterms over, <a href="https://www.dawn.com/news/2042055/democratic-takeover-of-us-congress-what-happens-next">Democrats</a> are turning to what could become one of their most crowded and unpredictable presidential primaries in decades, a <a href="https://www.dawn.com/news/2042297/race-for-2028-heats-up-after-us-midterms-firestorm">2028 conte
Shares in technology companies plunged, compounding declines and sparking concerns about the durability of artificial intelligence boom.
The 2028 presidential contest is likely to expose the Democrats' divide over how to win back the White House.
Rheinmetall cut its 2026 outlook for the second time in three months, citing delays to German military projects and artillery ammunition deliveries.
SEOUL, Nov. 5 (Yonhap) -- KT&G Corp., South Korea's leading tobacco company,...
SEOUL, Nov. 5 (Yonhap) -- South Korean stocks plunged more than 5 percent Thursd...
SEOUL, Nov. 5 (Yonhap) -- South Korean stocks plunged more than 5 percent Thursd...
Sales of Nintendo's flagship Switch 2 plunged in its fiscal second quarter after the Japanese gaming giant rolled out price hikes amid soaring memory costs.
SEOUL, Nov. 5 (Yonhap) -- South Korean stocks plunged more than 5 percent Thursd...
NASA's Swift orbital observatory fell back to Earth after running its mission for more than two decades. A rescue attempt to raise its sinking orbit had earlier failed.
The Swift Observatory's demise came less than three months after a long-shot rescue mission failed.
NASA had previously said much of the observatory burned up upon reentry. The risk to people on Earth was low, the agency said.
One of NASA's premier space telescopes has plunged to Earth, ending its 22-year investigation of the universe's biggest explosions
<p>The observatory had spent decades studying powerful cosmic explosions and was the target of an unsuccessful rescue mission earlier this year</p>
Multiple emergency vehicles swarmed Secret Cove at Stanley Point on the North Shore.
SEOUL, Nov. 3 (Yonhap) -- Korea Aerospace Industries Ltd. (KAI), South Korea's s...
Intel’s turnaround now hinges on proving its foundry strategy can deliver, as customers look for signs the company will add fab capacity and catch TSMC
House prices have fallen for a seventh consecutive month, with the speed of the decline tracking at the fastest pace in 40 years, according to a property research group.
Three in four voters believe the nation is becoming more divided, with voters citing broken promises and dishonesty rather than the cost of living for a steep drop in political trust.
Oyster reefs once abounded in the Chesapeake, but overharvesting slashed their populations, leading to poorer water quality and less habitat for other species. Now, researchers and local residents are finding creative ways to bring their numbers back up.
Tech stocks plunged amid concerns over AI investments, while a reported $6.3 billion hack of cryptocurrency exchange Binance raised security fears, with industry sources suspecting North Korean involvement. Kelly O'Grady has the latest.
A day after Alphabet lost $500 billion in market value due to a slowdown at Google, Reddit stock plunged 30% Friday after the company said its search traffic was “down meaningfully” in the third quarter. Shares in the digital platform, which went public in 2024, were trading at around $90.20 in the latter half of […]
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Google parent company Alphabet saw a massive $500 billion stock plunge in its roughest day on record. Meanwhile, cryptocurrency exchange Binance was targeted in a $6.3 billion hack.
Russian strikes caused major power outages in Dnipro as a reported Ukrainian drone attack sparked a fire at a Russian oil refinery.
Further downside is certainly possible, but selling now won't erase the losses we've taken.
Google spooked investors so badly that its stock hit a six-month low, after it revealed its AI own search summaries were affecting ad revenue.
(Bloomberg) -- Tech stocks were dragged lower by a record drop in Alphabet Inc. after disappointing results renewed investor concerns about the threat that artificial intelligence poses to its core business.
The chipmaker, whose largest investor is the U.S. government, reported that the A.I. boom’s domino effect had hurt sales to personal computer makers.
Intel has been a Wall Street darling this year due to its emergence as a player in AI, but the company is being weighed down by a struggling PC market.
Shares in Google's parent company Alphabet have suffered their worst-ever day on the US stock market, falling more than 12% and knocking around half a trillion dollars off its value.
ServiceNow's stock recorded its worst day ever on underwhelming third-quarter results.
<p>LAHORE: At least five people were killed and 27 others injured when a passenger bus plunged into a drain in Punjab’s Hafizabad district on Thursday, according to Rescue 1122.</p> <p>Rescue services said the mishap occurred in the Fatehke area of Pindi Bhattian tehsil. The bus was reportedly on its way from Raiwind to Chiniot.</p> <p>According to rescue of
<p>LAHORE: At least five people were killed and 27 others injured when a passenger bus plunged into a drain in Punjab’s Hafizabad district on Thursday, according to Rescue 1122.</p> <p>Rescue services said the mishap occurred in the Fatehki area of Pindi Bhattian tehsil. The bus was reportedly on its way from Raiwind to Chiniot.</p> <p>According to rescue of
<p>LAHORE: At least five people were killed and 27 others injured when a passenger bus plunged into a drain in Punjab’s Hafizabad district on Thursday, according to Rescue 1122.</p> <p>Rescue services said the mishap occurred in the Fatehki area of Pindi Bhattian tehsil. The bus was reportedly on its way from Raiwind to Chiniot.</p> <p>According to rescue of
Across Mexico and Costa Rica, four Waldorf Astoria and Conrad resorts pair private plunge pools, destination driven dining, personalized service and locally inspired experiences with a distinct sense of place.
The company reported a 45% to 50% year-on-year drop in third-quarter revenue.
SEOUL, Oct. 27 (Yonhap) -- Hanwha Systems Co., the defense solutions arm of Hanw...
80 injured after bus plunges down embankment near Barcelona
São Paulo stocks tumble after leftwing politician’s win against Flávio Bolsonaro
The accident took place along the Koodaranhi-Kakkadampoyil route when the driver reportedly lost control of the vehicle, causing it to skid and plunge down the slope
More than 80 people have been injured, including seven seriously, after a bus plunged off the side of road in Spain.
<p>MUZAFFARABAD: Seven people, including a father and his two sons, were killed when a passenger jeep plunged down a mountain slope on the outskirts of Muzaffarabad on Sunday, officials said.</p> <p>The jeep had set off from Nakka Shakkar Pattiyan village for Seri Darra village towards the northeast of Muzaffarabad and had travelled barely three kilometres w
<p>MUZAFFARABAD: Seven people, including a father and his two sons, were killed when a passenger jeep plunged down a mountain slope on the outskirts of Muzaffarabad on Sunday, officials said.</p> <p>The jeep had set off from Nakka Shakkar Pattiyan village for Seri Darra village towards the northeast of Muzaffarabad and had travelled barely three kilometres w
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