Author: Editor-In-Chief
The stock market has recently been one of the roughest on record, but you wouldn’t have known that if you were watching the news. CBOE Volatility Index. Friday’s decline made things even clearer. Semiconductor stocks rose 80% for the second month in a row, adding about $5 trillion in market capitalization. Nasdaq 100which spurred one of the most successful ETF launches in history and spawned dozens of spectacular parabolic single-stock moves, finally hit a wall on Friday. VanEck Semiconductor ETF (SMH) At its low point, it fell nearly 10%.The VIX index just hit its lowest since January on Thursday, marking…
An avalanche of selling crushed the stock market on Friday, a dramatic reversal from record highs earlier in the week. Chip stocks plunged in the final trading session of last week. There has been a soft spot in the tech industry since Broadcom’s disappointing performance. But Friday’s decline was the next level after strong jobs data dashed hopes of a Federal Reserve rate cut and sent the 10-year Treasury yield soaring above 4.5%. The S&P 500 and Nasdaq fell 2.6% and 4.2%, respectively, on Friday, making their record highs at Tuesday’s close seem like a distant memory. A massive rotation…
President Donald Trump said Friday that he has talked with AI companies about entering into agreements that “allow Americans to benefit from the successes of AI.” Although President Trump did not seem to mention any specific companies in his comments, OpenAI is a likely candidate, especially after CNBC reported that the Trump administration is indeed in talks to acquire stock in AI companies. CNBC said some of that stake could be used to seed OpenAI’s recently proposed “public wealth fund.” According to the company’s overview, proceeds from the fund “can be distributed directly to the public, allowing more people to…
At lunches with Hollywood executives and meetings with studio staff over the past week, the question of what’s next for “backroom” has been a hot topic of conversation. The industry is scrambling to figure out how to recreate the phenomenon of “Obsession” and “Backrooms,” the low-budget psychological horror movies from YouTube creators that have dominated the box office over the past two weeks. But “Backrooms” producer Peter Chernin, whose production company co-financed the film, said he thought it was a “big mistake” to rush to sign a deal with a YouTube creator.”It’s no different than making a sequel. You’re riding…
Olga Pankova | Moments | Getty ImagesWhile remote work gives young people flexibility, autonomy, and a commute-free day, research shows that leaving the office can have a negative impact on the start of your career. A report from the New York Fed this month found that remote work is likely the main reason for the spike in youth unemployment. The National Bureau of Economic Research also found in a paper updated this month that increased remote work is making it harder for young workers to get feedback and advance. “Early in your career, a significant amount of learning can be…
EVs are prepared for export overseas through frame transportation in Taicang Port Area, Suzhou Port, Jiangsu Province, China, on May 11, 2026.Costfoto | Nurphoto | Getty ImagesChinese electric vehicles face crippling tariffs, stringent regulations and fierce opposition from lawmakers and the American auto industry, but there’s a growing possibility that Chinese EVs will be sold in the U.S. within the next few years. China has deliberately and aggressively expanded its EV footprint throughout Europe, the U.K., Asia and Australia, exporting millions of well designed, high-tech, and competitively priced vehicles, building factories and widening supply chains. Now, it’s set its sights on Western nations,…
Why Lebanon remains the center of Israel’s multi-pronged wars. It also adds AfrofeminasGPT, a chatbot designed to promote more ethical AI.The impasse in the US and Israel’s war against Iran has made Lebanon the most active front in the conflict. Israeli forces built trenches in the de facto occupied southern part of the country, reducing entire neighborhoods to rubble. Meanwhile, as US President Donald Trump seeks to maintain delicate negotiations with Iran, Lebanon remains a key issue as Israeli support for the war continues to grow.Main contributors: Nicholas Noe – Senior Research Fellow, International Refugee AssociationMaya Rosen – Jewish Currents…
Israeli forces shot dead a 7-month-old Palestinian boy and wounded his parents in the occupied West Bank on Friday, the Palestinian Ministry of Health said. The ministry said Sam Fahad Abu Haykal was riding in a car with his parents when Israeli soldiers opened fire on the car near the city of Hebron. Haikal was killed in the shooting and his parents were also injured. The boy’s grandmother, Firiyal Abu Haykal, told Reuters that one bullet hit the car, killing the infant. “This incident is unbelievable and unacceptable,” she told Reuters. “We are being harmed simply by choosing to stay…
summary Ukraine launched a major drone attack early Saturday morning on Russian military facilities near St. Petersburg, including the Kronstadt naval base. Ukrainian President Volodymyr Zelenskiy said on the final day of the international forum that the airstrikes hit targets 900 miles from the Ukrainian border. This is the second time in recent days that a large number of Ukrainian drones have targeted the Leningrad region. AI-generated summaries were reviewed by CNN editors. Ukraine launched a major drone attack early Saturday on Russian oil refineries and military facilities, including some in the St. Petersburg region where the final day of…
President Donald Trump on Friday defended the still-unreached deal to end the war with Iran by once again abandoning the previous nuclear deal brokered by his predecessor and longtime political rival Barack Obama.In an interview with NBC News, President Trump said of Iran, “They’ve been dealing with very weak and incompetent leadership on behalf of the United States,” saying, “They got away with murder.”He was asked why Iran is still negotiating if it is desperate to reach a deal, as President Trump claims.”It’s going to take some time…This should have been done a long time ago,” Trump said in response…