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Wall Street dips as Oracle spending revives AI bubble fears and weighs on tech sector
Wall Street is pointing toward losses early Thursday after the third consecutive interest rate cut this year sent markets close to record highs, and hints from the Federal Reserve that it may be open to more cuts next year.Futures for the S&P 500 fell 0.2% while futures for the Dow Jones Industrial Average were unchanged. Nasdaq futures fell 0.4% as AI-related companies were dragged down by concerns about Oracle's cash flow.
Investors took heart from comments by Fed Chair Jerome Powell, which were perceived as more open to rate cuts than they had been anticipating.
Border clashes between Thailand and Cambodia intensify with airstrikes and artillery attacks
SURIN, Thailand (AP) — Cambodia said Thailand launched more airstrikes Thursday, as heavy fighting flared along the two countries' border and both sides accused the other of violating their sovereignty along the contested border region.The latest large-scale fighting was set off by a skirmish Sunday that wounded two Thai soldiers and derailed a ceasefire pushed by U.S. President Donald Trump that ended five days of combat in July over longstanding territorial disputes.
About two dozen people were reported killed in the fighting this week, while hundreds of thousands... Read More
Homeland Security Secretary Noem faces scrutiny over immigration policies at a House hearing
WASHINGTON (AP) — Homeland Security Secretary Kristi Noem, who heads the agency central to President Donald Trump's mass deportations agenda, is expected to face fierce questioning from Democrats on Thursday as the public face of the Republican administration's hard-line approach to immigration.It has been months since Noem last appeared in Congress in May. Since then, immigration enforcement operations, especially in Los Angeles and Chicago, have become increasingly contentious, with federal agents and activists frequently clashing over her department's tactics.
Bulgaria's government resigns as large public protests grip the nation weeks before joining eurozone
SOFIA, Bulgaria (AP) — Bulgaria’s government resigned on Thursday as mass protests gripped the country just weeks before it's due to join the eurozone.The resignation of the minority coalition, led by the center-right GERB party, was announced minutes before parliament was scheduled to vote on a no-confidence motion tabled by the opposition over economic mismanagement and supported by growing public anger with widespread corruption.
“Ahead of today’s vote of no confidence, the government is resigning,” Prime Minister Rosen Zhelyazkov told reporters in... Read More
The Latest: Trump says US will keep oil tanker. Venezuela calls it piracy
The United States has seized an oil tanker off the coast of Venezuela as tensions mount with the government of President Nicolás Maduro. Venezuela called it blatant piracy, exposing how U.S. pressure has always been about controlling the country's vast oil reserves.Congress is now scrutinizing President Donald Trump ’s latest push to increase pressure on Maduro, who has been charged with narcoterrorism in the United States. Trump has said the deadly strikes on alleged drug-smuggling boats will expand to attacks on land. Maduro told supporters in Caracas that Venezuela is... Read More
Top Stories
- Wall Street dips as Oracle spending revives AI bubble fears and weighs on tech sector
- The Latest: Trump says US will keep oil tanker. Venezuela calls it piracy
- Trump's handling of the economy is at its lowest point in AP-NORC polling
- Tariffs have cost U.S. households $1,200 each since Trump returned to the White House, Democrats say
- Zelenskyy will hold urgent talks with 30 countries as Trump pushes for swift peace deal with Russia
- Denmark plans to severely restrict social media use for young people
- Open AI, Microsoft face lawsuit over ChatGPT's alleged role in Connecticut murder-suicide
- Tens of thousands in Washington state could face evacuations as rain continues to pound the region
- Senate poised to reject extension of health care subsidies as costs rise for many
- What to know as trial nears for the Wisconsin judge accused of helping an immigrant dodge agents
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- Former Michigan football coach Sherrone Moore jailed, hours after his firing
- Jeers as Real Madrid loses 2-1 to Man City and pressure grows on Alonso. Arsenal wins, PSG draws
- NASCAR chairman Jim France stands firm on charter stance, citing parents' advice
- NFL is seeking a practice squad of officials, wants to base postseason assignments on performance