Breaking News

Calm after CoreWeave shock, but for how long?

A look at the day ahead in European and global markets from Kevin BucklandAsian stocks are rising into the weekend, with bargain hunters probably leading the buying after the precipitous plunge in markets on Thursday.But with calm returning after the frenzied AI-centred selling of a day earlier, the question is how long it can last.The spike in yields to levels associated with distressed debt for AI cloud provider CoreWeave, which stoked fears about the mounting debt pile financing the AI boom, is still there.As is the reported progress by China's CXMT on next-gen DRAM architecture that has d

Israel's Arab-led parties could decide the election if anyone would partner with them

How Healey's first UK budget could ripple through markets

Arts|Economy|Europe|Finance|World

Europe's bond market turmoil shines a spotlight on hedge funds' role in key markets

A sharp selloff in European government bonds this month shows how hedge funds' growing role is making a systemically important market more vulnerable — a risk regulators are watching closely. On the surface, the reasons for a surge in French 10-year yields to 24-year highs were clear: a growing government debt burden, inflation fanned by high energy costs, and competition for capital from a global data-centre boom that is lifting economic growth. But some investors said the scale and speed of the moves showed hedge funds were fuelling volatility in the market as they rapidly unwound trades.

China targets practical action from global governance forum next week

Most Asian stocks rise as calm returns after CoreWeave shock; Indonesia faces market downgrade

Economy|Finance

World Bank's Banga sets goal of quintupling critical minerals financing in five years

World Bank President Ajay Banga on Friday said the development lender has set a goal of quintupling its critical minerals business in five years, and has identified 20 countries that it can partner with on critical minerals development projects.Banga revealed the new goal in prepared remarks to a plenary session at the International Monetary Fund and World Bank annual meetings in Bangkok."In critical minerals, we plan to quintuple our business in five years," Banga said. "This week, we launched our first country compacts with MDB partners—to build local industries and keep more jobs and val

Modi's predicament: Gen Z pours out on India's streets as dissent surges

Japan core inflation likely exceeded BOJ target for first time since December

US News

See all »

Political|US

Exclusive: US considering using ‘mother of all bombs’ against Iran, sources say

The US military has developed new strike plans that include potentially using the so-called “mother of all bombs” to target Iranian energy infrastructure and nuclear sites should President Donald Trump give the order to resume combat operations either before or after the midterm elections, according to multiple US officials familiar with the matter.Using the GBU-43/B Massive Ordnance Air Blast Bomb or MOAB, the largest non-nuclear bomb in the US arsenal, for the first time in the conflict with Iran would mark a notable escalation, even though there are doubts over how effective it would be

Trump admin silent as Russia hits American businesses with ‘drones and missiles’ in Ukraine

As President Donald Trump and his administration have ratcheted up pressure on Ukraine to stop striking Russian refineries, citing harm to American consumers, they have remained silent on recent Russian strikes on US businesses in Ukraine.Russia has escalated its attacks on facilities tied to American corporations – and civilian infrastructure in Ukraine writ large – over the past several months.According to Andy Hunder, the President of the American Chamber of Commerce in Ukraine, Russian missiles and drones have damaged facilities belonging to some of America’s most notable brands, inc

James Talarico has Democrats dreaming big after decades of dashed hopes in Texas

Trump's ambassador to Greece, Kimberly Guilfoyle, resigns after allegations of improper conduct

Trump says US still sharing intel, even as Ukraine reports attacks with no warnings

US President Donald Trump said on Tuesday that Washington was still sharing intelligence with Ukraine, even as Kyiv reported new Russian missile attacks that came without usual warnings and accused Russia of violating an energy truce the US president announced at the weekend.Ukrainian President Volodymyr Zelenskiy said Russian forces attacked Kyiv on Tuesday with ballistic missiles, targeting a thermal power plant, and Kyiv Mayor Vitali Klitschko said a strike on a high-rise apartment building killed two people."Once again, no advance warning from our partners," Zelenskiy said on Telegram wit

Europe|MidEast|Political|US|World

Trump fires ambassador to Greece Guilfoyle after reports of misconduct

The White House said on Tuesday it had asked US Ambassador to Greece Kimberly Guilfoyle to resign after a series of news reports raised concerns she sold access to Trump administration officials in exchange for money, gifts and favors.US President Donald Trump had said on Monday that he was considering firing Guilfoyle, who was once engaged to his son Donald Trump Jr. On Tuesday, he told reporters: "She was doing a good job, but we didn't like what we were reading." US lawmakers had raised the alarm after a series of stories in the Wall Street Journal beginning last month that detailed Guilfo

Jury selection begins in federal death penalty trial of Buffalo, NY, supermarket mass shooter

Kyiv says Russia hits energy targets despite Trump ceasefire announcement

World News

See all »

Business|World

Two cargo ships sunk in Strait of Hormuz as Iran ramps up attacks in run-up to midterms

Two cargo ships have sunk near the Strait of Hormuz in the past 24 hours after being struck by unknown projectiles in separate incidents – highlighting the heightened danger to shipping as Iran steps up attacks in an attempt to regain control over the critical waterway.The Singapore-registered container ship GFS Pride was struck on Tuesday while passing through the strait, catching fire and later sinking, according to the Maritime and Port Authority of Singapore. All crew members were safely evacuated.Videos verified by CNN show black smoke rising from the ship as it takes on water, while la

Pope Leo is eating, celebrating Mass and walking after cancer surgery, but trip is in question

Pope Leo XIV resumed his regular diet, began walking and celebrated Mass in the hospital Wednesday as he recovered from surgery to remove a cancerous mass from his lung, the Vatican said. Questions remained about whether the cancer had spread, while Peru’s president suggested Leo might have to alter his planned visit to Latin America next month. Blood tests and a chest X-ray showed the 71-year-old pope was recovering normally, his two doctors said. “The Holy Father underwent respiratory physiotherapy and has begun walking in his room. He resumed his regular die

Ukraine says Starlink restriction disrupting military as Musk claims US controls those systems

Russia detains Japanese journalist on suspicion of spying

Entertainment|Sports|World

Atlanta Dream to host Finals Games 3 and 4 in much larger arena after days-long drama

The Atlanta Dream may have racked up a ton of steals on the court against opponents in this WNBA postseason, but the franchise just got a major assist ahead of the Finals against the Golden State Valkyries.On Tuesday, it was announced the WNBA Finals schedule would be altered for Game 3 and Game 4 to accommodate the Dream using State Farm Arena in downtown Atlanta instead of the team’s home base, Gateway Center Arena in nearby College Park, Georgia. The Gateway Center has the smallest capacity in the league at 3,500 and State Farm Arena, home of the NBA’s Atlanta Hawks, holds around 17,000

Arts|Sports|World

Michael Jordan jersey sets $14 million record for basketball memorabilia, auction house says

A game-worn, autographed Michael Jordan road jersey from the 1998 NBA Finals has been privately sold for $14 million, an auction house announced Monday, calling it the highest price ever paid for a piece of basketball memorabilia. Pennsylvania-based Hunt Auctions announced the private treaty sale and identified the buyer as Miami real estate investor Ron Firman. The red jersey is the one Jordan wore in Game 2 of that series on June 5, 1998; he and the Chicago Bulls beat the Utah Jazz that night to even the matchup at a game apiece. Jordan and the Bulls would go on

A man struck by an ICE vehicle broke both his legs. Here’s what we know

One teen killed, others wounded, after explosion on Israeli school trip near Lebanon border

Latest

Business|Economy|Finance

Wholesale inflation surged in September, keeping affordability in focus ahead of the midterms

Political

Trump, after bipartisan backlash, says Pentagon won't livestream execution of Fort Hood shooter

President Donald Trump has announced the Pentagon will no longer livestream the execution of Fort Hood shooter Nidal Malik Hasan

Business|Economy|Finance

Wholesale inflation reaches levels last seen in 2022

Wholesale inflation rose more quickly than expected last month on a big jump in fuel costs, a sign that stubbornly rising prices remain an economic challenge for consumers and a political problem for Republicans in the midterm elections

Business|Economy|Europe|Science|Technology

Europe leads the world on AI rules. So why is it missing from the AI safety debate?

Business|Economy|Election|Finance|Political

Republicans are playing defense — and it’s costing them

Interview|Political

Opportunities and risks for James Talarico in tonight’s CNN & Jubilee Town Hall

Business|Economy

High gasoline prices expected to boost US consumer inflation in September

Arts|Economy|Europe|Finance

ECB President Christine Lagarde signals no intervention in France’s fiscal crisis

Political

Judge says Trump press ban likely violates First Amendment

Arts|Election|Finance|MidEast

Trump’s foreign policy, Epstein and corruption allegations loom over Senate debates in Maine, Georgia and Iowa

California & Local

See all »

Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls