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Markets slipped into Tuesday as tech and AI-related names cooled: the S&P 500 edged lower, Nasdaq underperformed on chip and software weakness, and the Dow held up by defensive industrials. Investors traded cautiously ahead of US payrolls, with volatility rising in AI infrastructure, energy and crypto sectors as Broadcom and other bellwethers dented sentiment.
Ford abruptly retreats from its big-EV strategy, booking a multibillion-dollar writedown and cutting factory jobs. The moves mark a major auto-industry pivot as demand for large battery EVs cools and management shifts capacity toward other battery uses.
19.5bn – Ford’s one-time charge tied to its EV pullback.
iRobot, once the face of home robotics, has filed for Chapter 11 and agreed to be taken private by its Chinese supplier. The bankruptcy exposes supply-chain pressures, tariffs and competition squeezing legacy consumer-robot makers.
A mass shooting at Bondi Beach killed many and has prompted a counterterror probe and urgent calls for gun-law reform in Australia. The attack has become a national flashpoint, accelerating political debate and security responses.
Lightspeed raises record $9B to back the next AI winners
Lightspeed’s $9bn haul gives the venture firm unprecedented firepower to fund AI startups across stages, signaling continued heavy VC support for AI infrastructure and apps.
More on techcrunch.com
Authorities continue a manhunt after a mass shooting at Brown University that left students dead and wounded. Police released new footage as the search intensifies and investigators chase leads across Rhode Island.
Federal prosecutors say they disrupted a planned New Year’s Eve bombing campaign in Southern California and arrested suspects linked to an extremist cell. The arrests follow a multiagency investigation and renewed focus on domestic terror threats.
Uber hit with FTC and 21-state lawsuit – shares tumble
Regulators allege deceptive billing and cancellation practices tied to Uber One subscriptions; a major multi-state suit raises regulatory, legal and financial pain for the ride-hailing group.
More on breakingthenews.net
Hong Kong’s high-profile national security conviction of Jimmy Lai deepens international concern over press freedom and business risk in the territory. Governments and rights groups have publicly condemned the verdict.
Diplomats and officials say talks between the U.S. and Ukraine have produced progress on security guarantees, but key territorial issues remain unresolved. Negotiations continue as Western partners weigh legal and material guarantees.
Several policy shifts: Trump considers reclassifying marijuana by executive order and has branded fentanyl a WMD; regulators are weighing clearer stablecoin rules while the White House launches a Tech Force to ramp federal AI hiring and PayPal pursues a bank charter.
Nvidia expands its open-source AI footprint through acquisitions and new model launches to bolster infrastructure for HPC and AI workloads. The moves aim to lock in enterprise and research demand for Nvidia compute stacks.
AI and infrastructure names led a tech selloff after cautionary signals from bellwethers, sending Broadcom and others sharply lower. Investors reassess valuations in a volatile rotation away from recent winners.
Crypto could become a powerful financial-surveillance tool if unchecked.
— Paul Atkins, SEC chair
PayPal moves to broaden its financial services footprint by applying for a U.S. banking charter, positioning the fintech for deposit-taking and expanded small-business lending. Regulators will now vet its plans amid a shifting policy backdrop.
Chai Discovery, backed by OpenAI and the Jobs family, raised a major Series B to scale AI-driven drug discovery. The funding underscores investor appetite for foundation models applied to biotech and molecular prediction.
The White House launched a Tech Force to recruit private-sector technologists for short-term government service, aiming to rebuild federal IT and accelerate AI adoption. The program signals an aggressive push to close hiring gaps in key agencies.
The deaths of filmmaker Rob Reiner and his wife have triggered a high-profile homicide probe and the arrest of their son. The case has provoked national attention and polarized political reactions.
President Trump is advancing hardline domestic policies while weighing executive action on drug scheduling and declaring fentanyl a weapon of mass destruction. The moves could reshape enforcement and regulatory approaches across agencies.
Cryptocurrency markets slid as bitcoin and altcoins fell ahead of major macro data, even as exchanges and clearing houses expand crypto derivatives and ETP products. The contrast shows evolving institutional adoption amid heightened volatility.
Netflix’s aggressive bid for Warner Bros. assets has stirred a bidding battle and industry unease over theatrical distribution. Netflix executives are publicly promising to preserve theater windows as deal scrutiny intensifies.
The U.S. Defense Department is taking a stake in a major Korea Zinc smelter project in Tennessee to secure critical mineral processing, part of a broader industrial-security push. The deal ties private investment to national supply-chain goals.
Banks and financial firms are accelerating tokenization and on-chain payments as regulators clarify stablecoin rules. Traditional institutions are piloting tokenized funds and laying groundwork for broader on-chain banking services.
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