newsmart – Latest News

ft.com | 19 min. ago NEW

My portfolio returns went from hero to zero (actually I’d take zero)

One stock in my Asia fund made me look clever for months. Not so much now

marketwatch.com | 32 min. ago NEW

What’s next for your portfolio after the decline in Big Tech stocks?

Also in Weekend Reads: Ideas for generating investment income, new tax brackets, buying a home with cash and advice from the Moneyist.

marketwatch.com | 32 min. ago NEW

DraftKings’ expensive bet on prediction markets is crushing its stock

Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition.

nytimes.com | 1 hrs. 5 min. ago

[$] After a $2.5 Trillion Wipeout, Tech Investors Brace for More Pain

A stock rally fueled in part by artificial intelligence is being tested after Democrats’ landslide election victories.

bbc.co.uk | 1 hrs. 12 min. ago

Global stocks plunge as fears over US AI slowdown spread to Asia and Europe

Investors have reacted to possible tougher scrutiny of data centre construction and the AI industry.

marketwatch.com | 1 hrs. 50 min. ago

Hims & Hers struck a GLP-1 deal with Lilly. Its stock is rallying.

As part of the agreement, Hims said it won’t compound GLP-1 medications like Zepbound in the future.

theguardian.com | 2 hrs. 9 min. ago

EU charges TikTok with failing to protect users’ mental health

Regulator’s initial ruling says algorithm ‘can be harmful’ and led young and vulnerable viewers ‘down rabbit holes they can’t easily escape’Business live – latest updatesTikTok has been charged by the European Commission with failing to protect users’ mental health by exposing them to a relentless stream of content that risks worsening eating disorders and anxiety in a case that strikes at its business model.Issuing a preliminary ruling on Friday, the EU regulator said TikTok’s algorithm “can be harmful” and was leading young and vulnerable users “down rabbit holes they cannot easily escape from”.

Continue reading...

marketwatch.com | 2 hrs. 29 min. ago

Nvidia, AMD and other chip stocks rebound. Is the ‘violent’ AI selloff over?

Analysts warn of further volatility ahead, though there are two new factors that work in the AI trade’s favor.

mirror.co.uk | 2 hrs. 50 min. ago

Millions of UK savers caught up in tech stock sell-off after US midterm elections

US and tech and AI giants led a shares rout on Thursday that spread to stock markets around the world tumbling on Friday

marketwatch.com | 3 hrs. 8 min. ago

These three stars need to align before investors rush back into stocks, Bank of America strategist says

Despite the steep drop in equity markets this week, investors should wait for several developments in other asset markets before rushing back into stocks, Michael Hartnett said.

euronews.com | 3 hrs. 35 min. ago

Data centre backlash: Which AI companies have been affected by US midterm results?

OpenAI has gone on a charm offensive, while semiconductor companies worldwide have seen their stocks plunge.

ft.com | 4 hrs. 15 min. ago

[$] UK retail investors buy the dip after bruising tech sell-off

Platforms report high demand for Nvidia, SpaceX, Micron, AMD and Alphabet stocks

npr.org | 4 hrs. 26 min. ago

Judge halts construction of Trump's arch. And, Labor Department to release jobs report

A judge has blocked construction of Trump's arch moments after it won federal approval to proceed. And, the Labor Department is set to release the latest jobs report today, a day after stocks plunged.

businessinsider.com | 4 hrs. 27 min. ago

9 tech titans took a $150 billion wealth hit during Thursday's AI stock plunge — with Elon Musk alone losing $80 billion

Elon Musk's net worth tumbled by about $80 billion or 9% in one day as Tesla and SpaceX tumbled, and several of his tech peers took wealth hits too.

scmp.com | 4 hrs. 49 min. ago

Beijing calls for more efforts to stabilise stock market after renewed sell-off

China’s State Council has pledged improved policy mechanisms to stabilise the country’s struggling stock market, after stocks slid again on Friday following a meltdown on the US markets. “We will enhance the inherent stability of the stock market and foster the steady and healthy development of the capital market,” officials at the State Council executive meeting, chaired by Chinese Premier Li Qiang, were quoted as saying on Friday.

The comments came as the CSI 300 Index, which tracks major...

nytimes.com | 5 hrs. 42 min. ago

[$] Global Stocks Follow U.S. Sell-Off as A.I. Spending Fears Spread

Global stocks were rattled after a deep U.S. sell-off on Thursday, but signs of a rally emerged in futures markets at the end of a turbulent week for investors.

marketwatch.com | 5 hrs. 47 min. ago

After Wall Street’s worst selloff since the 2025 tariff shock, here’s what investors need to watch next

Stock-market rout spreads far beyond AI stocks. Plus: First-time homebuyers are paying all-cash. Where’s the money coming from?

thehindu.com | 7 hrs. 17 min. ago

Stock markets on fire; Sensex jumps 1,718 points, Nifty reclaims 25,000

In the past seven consecutive sessions, the Sensex has surged 7,781.99 points, or 10.62%, and the Nifty rallied 2,331.5 points, or 10.27%

scmp.com | 9 hrs. 49 min. ago

From finance summit to AI-driven stock rout: 5 figures investors are watching in China

China’s state intervention in the struggling market accelerated this week, even before the US midterm results gave global markets a jolt. Meanwhile, global executives gathered in Hong Kong to discuss issues ranging from the AI trade to asset diversification and wealth management, amid the city’s better-than-expected quarterly economic expansion.

Below are key figures catching market attention this week: Over 300 global executives gathered in Hong Kong The Global Financial Leaders’ Investment...

nbcnews.com | 10 hrs. 3 min. ago

Global market rout deepens after midterms intensify AI fears

An intensifying rout of tech stocks hit global markets Friday, with a surge of red tickers spreading from Wall Street to Asia and Europe after the blue wave of the U.S. midterm elections fueled fears over AI development.

theguardian.com | 10 hrs. 20 min. ago

UK house prices fall at steepest rate in more than three years

October drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit marketBusiness live – latest updatesUK house prices fell at the steepest rate in more than three years in October, marking the fourth consecutive monthly decline, as high mortgage rates hit the housing market.The average price of a typical UK property stood at £296,285 last month as prices unexpectedly fell 0.6% compared with September, the steepest fall since the lender Lloyds recorded a 1.6% drop in August 2023. Continue reading...

timesofindia.indiatimes.com | 12 hrs. 14 min. ago

'Vote red today!' Elon Musk deletes pro-Republican posts after spending $458 million

Elon Musk removed social media posts encouraging support for Republican candidates after Democrats achieved significant victories. His pinned message included a call to vote Republican on Election Day. Musk’s financial backing totaled around $458 million, making him a significant donor during the election cycle. The election results also caused a decline in Musk's personal wealth and the stock values of his companies.

thehindu.com | 13 hrs. 7 min. ago

Stock markets trade higher in early session on sustained foreign fund inflows

The 30-share BSE Sensex was up 33 points to 79,343.06 in early trade. The 50-share NSE Nifty was down 52.95 points to 24,477.40

ft.com | 13 hrs. 17 min. ago

[$] FirstFT: Global stocks tumble as Democratic sweep sparks AI rout

Also in today’s newsletter: US tech barons and Jaguar Land Rover recall

scmp.com | 14 hrs. 8 min. ago

HKEX posts first quarterly profit decline in over 2 years as Hong Kong market cools

Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock market, has reported its first year-on-year decline in quarterly profit in over two years amid a slowdown in market turnover, with profits falling 10 percent compared to the previous quarter. Net profit for the three months to September fell 1 per cent year on year to HK$4.859 billion (US$620 million), or HK$3.84 per share, but beating analysts’ estimates of HK$4.7 billion, according to an exchange filing on...

koreatimes.co.kr | 14 hrs. 10 min. ago

Gathering AI storm clouds doom tech stocks to darkest day in a year

Big tech stocks slumped Thursday, putting them on track for their biggest decline since the "Liberation Day" rout last year, the most significant shakeout yet in what has been a punishing autumn for the AI trade. The Nasdaq 100 index was set for market-value declines exceeding $2 trillion on investor fears that the Democratic Party's sweeping midterm victorycould stall AI infrastructure expansion and force a chaotic reckoning for smaller firms whose capacity to raise funds has already been limited by higher interest rates and tighter financial conditions.

Analysts and portfolio managers said declines in once-hot areas such as semiconductors and AI infrastructure weren't entirely surprising, given the scale of earlier gains in many of these stocks and the financing concerns that have shadowed the so-called neoclouds, smaller infrastructure firms such as Nebius and CoreWeave, since US interest rates rose late in the summer.

But many said the scale of the declines for a second straight day suggest a change in sentiment that could portend further selling. "Despite the magnitude of today’s

globalnews.ca | 14 hrs. 19 min. ago

The Curator: Holiday gifting for everyone on your list (and every budget!)

Find holiday gifts for everyone at Walmart, from Nintendo Switch and Nespresso to stocking stuffers and matching family pajamas. Shop thoughtful picks for every budget this season.

dw.com | 15 hrs. 53 min. ago

Asian stocks slump after US tech rout amid AI jitters

Concerns that Democrats in the US will push back against data center projects are weighing on an AI trade that is already on shaky footing amid growing doubts about profitability.

scmp.com | 16 hrs. 40 min. ago

Tech stocks lead declines in Hong Kong, mainland China on US$2.3 trillion carnage in US

Stocks in Hong Kong and mainland China dropped on Friday, tracking a meltdown in US technology companies that erased more than US$2 trillion in market value on concerns that a Democrat-controlled Congress could upend AI infrastructure buildouts. The Hang Seng Index fell 1.5 per cent to 24,458.68 by 9.32am, while the Hang Seng Tech Index slumped 2.1 per cent.

The mainland’s CSI 300 Index sank 1.8 per cent and the Star 50 gauge, which has a big exposure to AI chipmakers, tumbled 3.5 per...

abc.net.au | 17 hrs. 38 min. ago

Live: Almost every sector on Australian stock market down after US tech sell-off

The Australian share market falls sharply as investors shy away from the tech bros after an overseas sell-off overnight. Follow live.

nbcnews.com | 18 hrs. 35 min. ago

Stock market meltdown over A.I. fears

The NASDAQ fell by more than 5% as big tech companies connected to the A.I. build out led the stock market dramatically lower today. NBC News’ Christine Romans reports on which companies took some of the biggest hits.

thehill.com | 18 hrs. 59 min. ago

Chamber of Progress's 'to-do list' for Democrats

{beacon} Technology Technology The Big Story Chamber of Progress's 'to-do list' for Dems The center-left technology policy group Chamber of Progress is laying out its policy priorities for Democrats, as the party prepares to take back control of the House and Senate next year. © Illustration / Samantha Wong; and Adobe Stock In a memo...

marketwatch.com | 19 hrs. 4 min. ago

As Nvidia’s stock enters a bear market, bargain hunters see a golden buying opportunity

Portfolio managers say chip demand should be resilient even in a period of political uncertainty.

timesofindia.indiatimes.com | 19 hrs. 27 min. ago

Washington court upholds deal after couple split again, leaving wife without bank and stock assets

A couple from Washington navigated a messy divorce settlement only to remarry, before the cycle of separation began once more. The court upheld an arbitration ruling that favored William Gibbs, denying Joy the assets previously awarded. Although Joy retained some funds from her BNY Mellon 401(k), she forfeited half of the USAA accounts and restricted stock units.

thehill.com | 19 hrs. 28 min. ago

Markets tank after post-Election Day surge

Stocks nosedived on Thursday, one day after rallying on the heels of Democrats’ resounding midterm victories. The Dow Jones Industrial Average tumbled by more than 2,100 points from the opening bell and closed down by 1,833 points relative to the end of trading on Wednesday.

The Nasdaq Composite and S&P 500 were respectively down by...

smh.com.au | 19 hrs. 50 min. ago

Wall Street suffers $4.6tr wipeout as AI stocks plunge, ASX set to slide lower

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.

businessinsider.com | 20 hrs. 2 min. ago

AI stocks crater as investors panic over the risk of a data center slowdown

Investors dumped AI stocks on Thursday as they weighed the risks of a slowdown in data center development. The Nasdaq 100 had its worst day since March 2020.

marketwatch.com | 20 hrs. 3 min. ago

Here’s what’s driving Iren’s stock higher after a brutal selloff

Iren announced a new cloud-computing deal and noted that much of its backlog is tied to “investment-grade counterparties.”

marketwatch.com | 20 hrs. 35 min. ago

Buy the dip or wait it out? Young investors react as retail stock selling hits one of its highest levels since COVID crash.

Some see another buying opportunity. Others fear the worst isn’t over. A market rout is testing the instincts of a generation raised on quick rebounds.

marketwatch.com | 20 hrs. 35 min. ago

Tech stocks log worst day since 2020 as carnage comes to the AI trade

The S&P 500 lost an estimated $2.9 trillion in market capitalization, the largest one-day loss of market value on record.