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Hainan's digital reporting system streamlines grassroots governance
Hainan's digital reporting system streamlines grassroots governance
US markets hit by big tech sell-off
The sell-off for tech stocks on Wall Street worsened on Friday on fears that the frenzy around AI has sent prices too high. The S&P 500 dropped 140.32 points, or 1.8 percent, to 7,580.07, for its worst day since June. The Nasdaq composite fell 747.72 points, or 2.9 percent, to 25,437.00, and the Dow Jones Industrial Average dropped 572.25 points, or 1.1 percent, to 51,770.31. Intel sank almost 29 percent for its worst day since 1974 after its profit forecast was below analysts’ expectations. Amazon’s latest profit report raised more worries about how much companies are spending on their AI Investments. Treasury yields sank as investors searched for safer things to own, even though oil prices rose. (AP) Edited by Robert Kemp
Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall St.
Amazon became the latest tech company to announce swelling investments in A.I. amid stumbling share prices.
Obamacare Policies Hit Again With Steep Premium Increases for 2027
Premiums will increase an average 13 percent next year for millions of Americans, on top of an earlier steep increase. It adds to the problems facing the program, which the Trump administration has weakened.
Binance Lost Over $6 Billion in Crypto Hack. Here’s What to Know.
Hackers made off with around $6 billion in digital currency in what could be the biggest crypto heist in history. Binance said it will cover the losses.
Soaring cost of Halloween treats spooks shoppers
The price of candy, especially chocolate, is up, and Halloween bargain hunters are searching for deals and ways to cut costs.
Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era
The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.
Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea
The cyber-attack, which the company describes as complex, is believed to be the largest ever of its kind.
Binance Was Hacked. What Protections Exist for Crypto Customers?
After a $6.3 billion hack, the company said it was going to reimburse customers who had losses.
Tech Stocks See Worst Day Since June, Pressuring Broader Market
The Nasdaq and the S&P 500 had their worst day since June as investors worried about spending on A.I. infrastructure.