US Treasury proposes tighter rules on investing in sensitive Chinese tech
Restrictions would apply to investments in areas including AI, hypersonic weapons and biotech
Culture & Life
Time, arts and everyday life around the globe.
Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.
Stocks making the biggest moves in after hours: Western Digital, Bloom Energy, Deckers Outdoor & more
Here are some of the companies making headlines after the closing bell.
More in Culture & Life
CNBC
Moderna shares plunge after cancer vaccine data leaks — despite positive results
Moderna released full data on its closely watched cancer vaccine developed with Merck.
Financial Times
OpenAI trims valuation target to $1.25tn after pitching higher price
AI lab floated $1.4tn price tag earlier this month, according to documents seen by the FT
Financial Times
Moderna shares sink after leaked cancer data missed expectations
Melanoma vaccine treatment cut risk of recurrence or death by 58% but failed to exceed Wall Street’s lofty expectations
CNBC
Trump asked Musk to lift Starlink slowdown, WSJ reports
Elon Musk, a critic of Ukrainian President Volodymyr Zelenskyy, had ordered the slowdown of SpaceX's Starlink, The Wall Street Journal previously reported.
CNBC
Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
Disney is airing the Super Bowl on ABC, ESPN, Disney+, ESPN2, ESPNU, and NFL Network, to the chagrin of local station affiliates.
CNBC
OpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investors
OpenAI is close to finalizing a new funding round that is meant to be a bridge to its 2027 IPO, sources familiar with the matter tell CNBC.
CNBC
Nasdaq falls more than 2% for worst day since June as AI spending woes, oil prices spark sell-off: Live updates
U.S. equities mostly slid on Thursday, bogged down by declines in mega-cap names Meta Platforms and Tesla.
CNBC
Trump defends Ramaswamy ad with Acton's estranged mom after bipartisan criticism
Ohio Gov. Mike DeWine said GOP gubernatorial nominee Vivek Ramaswamy should remove the ad featuring the mother of Democratic nominee Amy Acton.
Financial Times
Airfares will not return to pre-Iran war levels, American Airlines warns
Some industry chiefs say travellers should expect a further rise in ticket prices next year
Financial Times
Nasdaq tumbles while Treasuries soar as Meta rekindles AI spending fears
Social media group’s market value sinks by $124bn after it says it will raise ‘hundreds of billions of dollars’ in coming years
CNBC
These funds can juice your tax-free portfolio income. Just be sure to mind the risk
A bout of volatility has hit the price of municipal bonds, but there are solid buying opportunities available — including one high-yielding corner.
Financial Times
Trump ordered to face BBC questioning in $10bn defamation lawsuit
President must appear by December 11 after attending campaign rally on date previously set for his deposition
CNBC
Bill Ackman says 2027 will be an amazing year for stocks as wars, inflation ease
"We're going to have an amazing 2027," he said.
Financial Times
US to fund speculative fusion venture backed by investors with ties to Trump
Commerce department to take $175mn equity stake in start-up that is financed by brother of the president’s son-in-law
Financial Times
‘Know Your Agent’ will be the new rule of the AI age
As autonomous software does more, we need to focus on how to control its behaviour and establish accountability
Financial Times
Trump’s tourism push fails to lure visitors
Number of tourist arrivals in US continues to drop following football World Cup
CNBC
Trump's approval rating on economy hits all-time low as midterm looms: CNBC survey
Eight out of 10 Americans now rate the economy as fair or poor, one of several findings in a CNBC poll that show why Republican candidates face uphill battles.
Financial Times
Europe’s moderates must stop treating politics as a spectator sport
While centrists have retreated to myriad bubbles, extremists turn up, join up and organise
Financial Times
Europe’s bracing reality on US bond yields
The region cannot just hope for a fall in borrowing costs across the Atlantic - it must tackle its own problems
NPR Business
Achy from sitting at a desk all day? Try doing this
Sitting at a desk all day hurts. And it isn't good for us. Strategies to make it a little more comfortable, from eye muscle exercises to alleviate eye strain to a back pain-fighting body movement.
NPR Business
See how Big Tech is transforming Spain's landscape
A drought-stricken region of northeast Spain has become a focus for American companies searching for locations to place their data centers.
NPR Business
How long does it take to save up for a starter home? Twice as long as it did in 2019
A new analysis finds that the average renter household now needs 16 years to save for a down payment and closing costs. Rising rents and other costs have consumed a growing share of household budgets.
NPR Business
Elon Musk says Space X and Tesla are considering a merger
CEO Elon Musk says both Space X and Tesla have formed special committees to discuss the idea of a merger, but a merger would require approval of 50% of shareholders.
NPR Business
Netflix holds quarterly earnings call following leadership shakeup and layoffs
Netflix reported its latest quarterly earnings on Tuesday. It comes as the streaming company has announced a management shakeup and layoffs of more than 1,000 employees.
NPR Business
FAA clears the way for airlines to put Boeing's long-delayed 737 Max 10 into service
Nearly a decade after Boeing unveiled its largest 737 Max jet, the company has cleared a major hurdle in its effort to bring the plane to airlines.
NPR Business
What if an AI bubble bursts — and that accelerates AI job losses?
Research on past recessions suggests downturns can accelerate automation. That raises the specter of a double whammy for workers.
NPR Business
Why these 5 everyday items fluctuate in price at the grocery store
Here's what's behind the fluctuating costs of everyday grocery items such as ground beef, eggs and chocolate chip cookies.
NPR Business
TikTok staff raised child safety alarms. Court records show executives failed to act
The warnings surfaced in a trove of unreported court records. "I have been fighting about fixing this for months with people who didn't think the harms are severe enough," wrote one executive.
NPR Business
Difficult times in agriculture are making it tough for the next generation of farmers
Many farmers across the U.S. are reaching retirement age. But lately, increasing volatility and sky-high prices in agriculture are making it tough for the next generation to take over.
Wall Street Journal
Palestinians Stream Back to Northern Gaza on Foot
Israel allowed displaced Gazans to begin crossing a military zone that bisects the enclave after a deadlock over hostage releases was broken.
Wall Street Journal
Leading China Property Developer Reports Huge loss, in Sign of Widening Real-Estate Woes
Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step in.
Wall Street Journal
Freed Israeli Hostages Still Had Shrapnel in Their Bodies From Oct. 7 Attack
Some of the women were held alone for extended periods and spent eight months in tunnels, an Israeli medical official said.
Wall Street Journal
Suspected Sabotage of Deep-Sea Cable Triggers First NATO-Led Response
The alliance mounted its first coordinated response to a suspected sabotage campaign against critical infrastructure after another cable was severed in the Baltic Sea.
Wall Street Journal
Rwanda-Backed Rebels Enter Congo's Safe-Haven City
Residents of Goma reported gunfire and shelling after rebels overran Congolese troops. U.N. officials estimated that more than one million displaced people were now inside the city.
Wall Street Journal
Cocaine-Funded Gangs Shake Colombia Years After Peace Pact
Attacks by powerful militias against civilians reflect the state’s inaction eight years after a peace accord removed a powerful rebel group from the field.
Wall Street Journal
Italy Supports Saudi Arabia Joining Fighter-Jet Program, PM Meloni Says
The U.K., Italy and Japan have already partnered on the Global Combat Air Programme, which aims to put a new stealth fighter with supersonic capability in the skies by 2035.
Wall Street Journal
Shippers Wary of Red Sea Routes Despite Houthi Pledge to End Targeting
The world’s top three container operators said they fear instability in Gaza and broader regional tensions mean continued danger.
Wall Street Journal
Kim Jong Un Is Doing Everything He Can to Keep North Korea's Youth in Line
The dictator, eager to shut out the influence of Hollywood and K-pop, has been exalting a “shock brigade” of 300,000 teens and 20-somethings drafted into flood reconstruction.
Wall Street Journal
Trump Says Colombia Will Accept Deportees, Ending Tariff Standoff
The president has made immigration an early priority to start second term, with ICE making more than 900 arrests Sunday.
Wall Street Journal
Jeju Air Crash Probe Focuses On Engine Damage After Bird Strike
Pilots’ actions after that strike are an early focus of the investigation, according to people familiar with the probe.
Wall Street Journal
Germany's Economic Model Is Broken, and No One Has a Plan B
The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.