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Broadcom CEO Hock Tan.lucas jackson reuterbroadcom’s Quarterly results and guidance beat Wall Street expectations. It didn’t matter. The company’s stock plunged 11% on Friday, its worst pace since January, as investors exited the artificial intelligence industry. oracle After plunging 10% following the earnings release, the stock fell 4% the day before. With AI driving the stock market and the broader economy this year, any negative sentiment could have far-reaching implications. The Nasdaq index fell about 1.4% on Friday, while the S&P 500 index fell nearly 1%. The companies hardest hit are those most closely connected to AI infrastructure. AI infrastructure…
sydney, australia — The world’s first social media ban for under-16s, which began in Australia on Wednesday, is just the beginning for parents and campaigners who have long argued that constant scrolling is having a detrimental effect on young minds. Wayne Holdsworth, the father of Mac, who took his own life at the age of 17 after being the target of a social media sexual extortion scam, joined other parents who have lost children to suicide at a selected rally at Prime Minister’s Office in Sydney. “It’s really sad. I shouldn’t have been here because he should have been protected,”…
Mohamed Salah is included in Liverpool’s squad for Saturday’s Premier League match against Brighton.The decision was taken after talks between Salah and head coach Arne Slott on Friday. Saturday’s match will be Salah’s last chance to play for Liverpool this year before departing for the African Cup of Nations against Egypt. The forward has not started in Liverpool’s last four games and said he had been “thrown under the bus” by the club after coming off the bench against Leeds last weekend and that his relationship with Slott no longer existed.The club then decided to exclude him from the squad…
President Donald Trump signed an executive order Thursday night directing federal agencies to challenge state AI laws, arguing that startups need relief from a “patchwork” of rules. Meanwhile, legal experts and startup companies say the order could prolong uncertainty, spark legal battles and leave young companies navigating changing state requirements while waiting to see if Congress can agree on a single national framework. The order, titled “Securing a National Policy Framework for Artificial Intelligence,” directs the Department of Justice to establish a task force within 30 days to challenge certain state laws on the grounds that AI is interstate commerce…
Senate Majority Leader Chuck Schumer (R), D-New York, and Sen. Raphael Warnock, D-Georgia, depart after a press conference at the Capitol on December 11, 2025. The Senate rejected a Republican plan to replace expiring Obamacare subsidies with federally funded health savings accounts and began voting later in the day on a Democratic bill to extend the tax credit.Daniel Heuer/Bloomberg via Getty ImagesAs a critical enrollment deadline approaches, Democrats and Republicans appear to be at an impasse over whether and how to extend enhanced premium subsidies for health insurance purchased on the Affordable Care Act Marketplace. Policy experts say affordability is…
Venezuelan opposition leader María Colina Machado has made her second public appearance after more than a year in hiding, vowing to somehow end President Nicolas Maduro’s tenure.Speaking to reporters in Oslo, Norway, on Friday, Machado added that he still hopes that the change of leadership in Venezuela will take place peacefully.Recommended stories list of 3 itemsend of list”With or without negotiations, Maduro will leave the government,” Machado said in Spanish. “I am focused on an orderly and peaceful transition.”Her latest statement comes as US President Donald Trump’s administration maintains a military buildup in the Caribbean.The Trump administration has repeatedly raided…
Paris AP — A group of thieves who stole more than $100 million worth of treasure from the Louvre in October escaped with just 30 seconds, a French Senate inquiry said Wednesday. Deputies detailed a series of security failures that allowed him to flee in broad daylight. A parliamentary inquiry ordered after the embarrassing Oct. 19 robbery found that only one of the two cameras covering the point of entry was functional and that security guards did not have enough screens to monitor the footage in real time. When the alarm finally went off, police were initially dispatched to the…
A cluster of new homes is visible along Boulder City Parkway on January 11, 2022 in Henderson, Nevada.George Rose | Getty ImagesHome prices have been trending downward for much of this year, with previously huge annual gains now down to zero. As a result, homeowners are losing capital.Borrower capital in the third quarter of this year decreased by 2.1% year-on-year, or a total of $373.8 billion, according to a Kotality report. This comes after years of rapid home price increases and record property values. Even after the decline, homeowners still have $17.1 trillion in total net equity in their mortgaged…
CNBC’s Jim Cramer told investors on Friday to buy the dip in Broadcom stock after earnings. “This company is on fire,” Kramer said on “Squawk on the Street,” pointing to the custom chip maker’s long list of high-profile customers, including Alphabet, Meta Platforms, ByteDance’s TikTok and Anthropic. Shares fell nearly 11% after Thursday night’s strong quarterly results and guidance hikes, overshadowed by some misguided statements from management on the earnings call. It didn’t help that Broadcom stock soared this week ahead of print, adding to already high expectations. There may be some profit-taking activity here as well. So what happened…
A photo released from Jeffrey Epstein’s file shows Donald Trump and multiple women. Edits were made by Democrats on the House Oversight Committee. Date and context unclear.Source: House Oversight Committee Democrats.The roughly 100,000 photos obtained by House Democrats from the estate of notorious sex offender Jeffrey Epstein include photos of President Donald Trump, former President Bill Clinton, Microsoft founder Bill Gates, film director Woody Allen and former Trump adviser Steve Bannon at social gatherings.One of a series of photos released Friday morning showed President Trump standing in the middle of a row of six women, his face obscured by Democrats…