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Markets are jittery: the S&P 500 is treading water, the Dow shows modest gains while the Nasdaq is leading losses as tech names reel from an AI-led selloff. Volatility has spiked, growth and AI-exposed sectors have suffered the most, and macro catalysts include the US government shutdown, weakening consumer sentiment, and chip‑supply developments.
The FAA has ordered steep flight reductions as the U.S. government shutdown deprives air-traffic staff of pay, triggering mass cancellations and snarling holiday travel. The move is producing immediate disruption at major hubs and amplifying economic fallout for airlines and related services.
10% – FAA-mandated reduction in flights at 40 major U.S. airports due to the government shutdown.
Legal and political fights over SNAP payments have intensified as courts order funding and the administration pushes back. The dispute risks starving vulnerable households and is a flashpoint in shutdown negotiations.
Tesla shareholders approved a record-setting compensation package for CEO Elon Musk, sparking debate over corporate governance and whether the company can meet aggressive targets. The vote reverberates through markets already jittery about tech valuations.
Expedia posts record quarter fueled by AI and B2B growth
Expedia reported a stronger-than-expected quarter as AI-driven automation and B2B partnerships drove bookings and revenue, lifting guidance and signaling resilient travel demand into the holidays.
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Tech stocks plunged as investors pared back AI euphoria, erasing hundreds of billions in market value. The selloff has particularly hit expensive AI plays and put the Nasdaq on track for its worst week since April.
OpenAI faces a wave of lawsuits alleging its chatbot contributed to suicides and harmful delusions, intensifying scrutiny of AI safety and legal exposure for the industry. The cases add legal risk to an already fraught debate over AI regulation.
Intellia stock crashes after patient death in pivotal trial
Shares plunged after a patient in Intellia’s pivotal gene-editing study died following severe liver enzyme increases, raising safety questions and derailing the company’s clinical narrative.
More on investors.com
Investigations reveal Meta earned billions from so-called high-risk scam ads, forcing fresh questions about platform controls and advertiser vetting. The disclosures could spur regulatory scrutiny and reputational damage for the social giant.
China has eased restrictions that had choked Nexperia chip exports, relieving automakers facing a supply squeeze. The resumption marks a de-escalation in a trade dispute that threatened global auto production.
EU is weighing a pause on targeted parts of the AI Act amid industry pressure; the US added copper and silver to its critical-minerals list; the FAA ordered flight reductions tied to the federal shutdown; courts ordered full SNAP funding while the administration files appeals.
Palantir’s stock tumbled despite upbeat results, and CEO Alex Karp publicly attacked short sellers as investor skepticism grows. The episode underscores fragile sentiment in pricey data and AI-related names.
Security researchers uncovered ‘Landfall,’ a previously unknown Android spyware that exploited a Samsung zero-day to conduct months-long espionage on Galaxy phones. The finding raises fresh concerns about mobile security and state-level targeting.
Stablecoins are a force to be reckoned with and could put downward pressure on interest rates.
— Fed Governor Stephen Miran
Transportation officials warn airlines will face heavy losses as shutdown-driven flight cuts ripple through schedules; rental firms report surging one-way demand as travelers change plans. The travel sector is bracing for sustained disruption into the holiday season.
Consumer confidence and economic indicators show mounting stress as the shutdown drags on, with sentiment sliding toward multi-year lows. Forecasters estimate the impasse is costing the economy billions each week.
President Trump has ordered DOJ inquiries into meatpackers amid allegations of price inflation, escalating trade and national-security rhetoric into corporate investigations. The move could prompt probes into supply chains and foreign ownership.
A White House meeting with Hungary’s Viktor Orbán has produced signals that the U.S. may carve out an exemption for Hungarian purchases of Russian energy, stirring transatlantic unease. The shift highlights geopolitics shaping sanctions and energy policy.
OpenAI has lobbied for broader tax incentives to lower the cost of building AI data centers, requesting expansion of a 35% Chips Act credit. The push highlights mounting tension between private AI investment and public policy incentives.
JPMorgan increased its Bitcoin ETF holdings sharply while adjusting other crypto allocations, signaling ongoing institutional appetite for digital assets. The moves show legacy banks continuing to reshape their crypto exposures amid volatility.
The U.S. formally designated copper and silver as ‘critical minerals,’ widening the pool of strategic resources amid supply-chain concerns. The move reflects broader industrial policy to secure raw materials for energy and tech sectors.
Enbridge says Canada’s main oil pipeline is running full and is considering an ‘upsized’ expansion, even as higher financing costs weigh on quarterly profit. The developments matter for North American energy flows and infrastructure planning.
OpenAI executives are battling investor and public concern over ballooning AI infrastructure costs while the CEO publicly rejects government bailouts. The dynamic highlights funding strains as the company and industry scale data-center investments.
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