US stocks plummeted on Thursday as President Trump threatened fresh tariffs on European imports, while Nvidia shares tumbled 8.5% following better-than-expected earnings. The Nasdaq Composite fell 2.8%, led by the tech-heavy index’s worst post-earnings day since 2018. The Dow industrials dipped 0.5%, and the S&P 500 dropped 1.6%, pushing its year-to-date return into negative territory. … Read more
The US economy is signaling a slowdown in growth, with the Atlanta Fed’s GDPNow model estimating annualized growth of -2.8% for the current quarter, down from +2.3% last week. This decline is driven by soft manufacturing activity and a record-high $153 billion trade deficit in January. However, these negative estimates are not without precedent. The … Read more
Singaporean police have arrested three men for allegedly smuggling Nvidia chips despite US export controls. The suspects, including two Singaporeans and one Chinese citizen, were charged with fraud over a supply of servers made by Dell and Supermicro. Investigators are probing whether the servers contained restricted Nvidia chips and were diverted from their intended destination … Read more
Walgreens Boots Alliance is on the verge of completing a deal with private-equity firm Sycamore Partners, which would take the struggling drugstore chain off the public market. The proposed deal values the company at around $10 billion. If successful, the transaction could be finalized by Thursday, pending any last-minute issues that might delay or derail … Read more
Lawyers for Civil Rights in Boston have filed a 47-page complaint against the Trump administration over its decision to roll back Temporary Protected Status (TPS) for Haitian and Venezuelan immigrants. The group claims that the move is illegal, citing racial bias as the motivation behind President Trump’s actions. The lawsuit centers on an unusual decision … Read more
Israel is reportedly preparing a “hell plan” to pressure Hamas into releasing more hostages without needing to withdraw its troops from Gaza. The plan, which includes mass expelling Palestinians to southern Gaza, shutting off power and water, and cutting aid supplies, aims to persuade Hamas to release its remaining hostages. The ceasefire deal between Israel … Read more
Nvidia’s stock price has dropped significantly, erasing six months of gains, due to the ongoing decline in its artificial-intelligence trade. The company, which is heavily reliant on AI technology, saw its shares fall on Monday. Investors are worried about the future prospects of Nvidia and other AI stocks as the market for AI-related products continues … Read more
A fragile ceasefire between Israel and Hamas is at risk after Israel blocked humanitarian aid into Gaza in response to Hamas’ rejection of a new proposal to extend the ceasefire without commitments to end the war or withdraw troops. The move has been slammed by aid groups, the UN, and Egypt, which has called for … Read more
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A surge in traffic has brought down a website, resulting in an error message of “429 Too Many Requests.” This issue is commonly known as rate limiting, where the server reaches its maximum capacity and refuses further requests. The website’s administrators have implemented this measure to prevent overwhelming their servers. However, it can cause inconvenience … Read more