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Wall Street sinks as Nasdaq falls over 2% on AI cost worries

The tech-heavy Nasdaq slid more than 2 percent on Thursday as growth stocks weakened after earnings from mega-caps Tesla and Meta did little to address AI-related concerns, with a recovery in oil prices further adding to market unease. Meta slipped 5.2 percent after the social media giant unveiled a new class of non-voting shares to help fund its costly AI expansion. The decline came despite stronger-than-expected quarterly revenue and an upbeat fourth-quarter sales forecast. The market weakness marked a sharp reversal from Wednesday, when robust results from SpaceX and Super Micro sparked an AI-fueled rally. The optimism faded as investors shifted their focus from earnings strength to the enormous capital required to build AI infrastructure and their uncertain return timeline. The selloff put the Philadelphia SE Semiconductor Index on track to shed more than $616 billion in market value, while the Nasdaq-100 was set to erase nearly $1 trillion. The semiconductor index fell 5.6 percent to its lowest since July 29. "Semiconductors and the Nasdaq have been elevated to a huge degree by inve

Govts, companies take websites offline over PHP vulnerabilities

Several government, school and hospital websites across Europe and beyond were taken offline on Wednesday as organizations rushed to protect themselves from two critical security flaws in PHP, a programming language that powers a large share of the internet. Cybersecurity agencies across the world warned that organizations unable to apply fixes in time should consider taking affected sites offline. PHP's developers said a set of new updates fixing two previously identified critical vulnerabilities was available. Here are some major websites and services taken offline or otherwise affected: Germany A spokesperson for the German digital ministry said on Wednesday the federal IT service provider ITZBund had taken several websites offline due to the discovery of PHP vulnerabilities. The temporary deactivation was purely preventive and no security incidents were known to have occurred, the spokesperson said. France The Interior Ministry said it had temporarily taken offline the websites of prefectures, which are local government administrative offices, while awaiting a security fix for the PHP

2nd female lawmaker in Australia targeted days after alleged vehicle attack

Western Australia Police said it was alleged that the man made 'verbal threats while in possession of an improvised martial arts weapon (nunchucks).'

'Truly An Evil Regime': Trump Accuses Iran Of Driving Up Oil Prices Before US Midterms

In a post on Truth Social on Thursday, Trump accused Tehran of fabricating reports of attacks and naval mines to push oil prices higher.

Five times Trump has lashed out and berated ‘fake news media’

Harrods battles Mohamed Al-Fayed family for control of estate

Sunken village re-emerges from depths after summer of drought

Satellite image shows Storm Austen sweeping towards UK as Met Office issues ‘danger to life’ warning

An amber “danger to life” warning has been issued by the Met Office with people urged to stay away from cliff edges and from stormy seas

Russia-Ukraine War | Trilateral Talks, India Peace Role And Donbas Conflict

Russia-Ukraine War | Trilateral Talks, India Peace Role And Donbas Conflict

Millions in cheese revenue lost as protest hits Italy’s buffalo mozzarella output

A truckers’ protest in southern Italy has halted the production of the famed buffalo mozzarella, causing an estimated loss of €3 million (US$3.37 million) in just 24 hours as the milk cannot reach dairies in the Naples region and the finished cheese cannot reach customers, an official said. The week-long strike by truck drivers over the high cost of diesel driven up by the Iran war has also blocked deliveries of other basic goods to supermarkets and left fuel pumps empty in much of southern...

Harry Brook says double-century ‘doesn’t matter’ as England suffer stunning loss

Sri Lanka chased down 430 in Rawalpindi for the second-highest successful ODI run-chase.

Total ban on protests in Marseille and Lyon after riots

Protests will only be allowed in some towns and cities if organised by unions, and top museums will be closed on Saturday.