Tech stocks plunge as AI-led sell-off sweeps global markets — The Nasdaq fell 5.5% on Thursday, entering correction territory. Japan’s Nikkei 225 and South Korea’s Kospi suffered heavy losses.
US jobs growth surprises with 165,000 new positions in October — The unemployment rate unexpectedly fell to 4.1%. Long-term unemployment, however, surpassed 27 weeks, the highest non-pandemic decade level.
Trump names Stephen Miller as new White House chief of staff — Miller replaces Susie Wiles days after the Republican midterm defeat. He is the architect of Trump’s hardline immigration policies.
Saudi Arabia accuses Houthis of targeting Mecca with drone — The Iran-backed group rejects the claim. The dispute places Islam’s most sacred site at the centre of competing narratives.
OpenAI reportedly raising additional $11 billion at $1.25 trillion valuation — The funding round has not closed. It comes as the AI trade faces a broader market correction and cooling investor sentiment.
References
- Apple, Meta reject OKX–ICE tokenized stock plans, leaving crypto firms as the ones to watch
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- The crypto industry has found new ways to grow. Making money from them is another story
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- U.S. added 165,000 jobs in October, blowing past 65,000 estimate
- Over $1 billion in bullish bets liquidated while ETF flows suggest no help in spot market
- Live updates: Bitcoin flatlines under $76,000 as stock bounce loses steam into the close
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- Bitcoin recovers $76,000 level as ETFs shed $430 million after tech rout
- Greece approves 10% tax on crypto gains and 15% levy on DeFi income
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- Mississippi Senate: Longshot Ty Pinkins says he aimed to spoil Hyde-Smith, boost Colom vote
- OpenAI bugging suspect Alfozan pleads not guilty
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- Sen. Chris Murphy released from hospital after stroke, will miss votes for ‘several weeks’ as he rehabs
- OpenAI will keep investing in AI data centers despite election results, CFO tells CNBC
- OpenAI, Arm and Qualcomm executives react to post-midterm AI sell-off