Technology shares fell sharply worldwide as investors questioned whether massive AI spending can support lofty valuations. Chipmakers, Alphabet and newly public SpaceX were among the names hit as the sell-off spread to Asian markets.
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The House approved the 21st Century ROAD to Housing Act in a 358-32 vote, sending the bipartisan housing affordability package to President Trump. The bill seeks to boost home construction, streamline rules and restrict large institutional investors from buying more single-family homes.
A decade after the Brexit referendum, YouGov polling shows 57% of Britons now say leaving the EU was wrong, while 30% still defend the decision. The anniversary comes amid debate over Brexit’s economic costs, migration politics and the prospect of rejoining the bloc.
Technology shares fell sharply around the world Tuesday as investors questioned whether AI spending will produce profits that justify lofty valuations. SpaceX, chipmakers and memory stocks led the declines, while inflation and interest-rate concerns added pressure.
The Senate passed the 21st Century ROAD to Housing Act in an 85-5 vote, sending a bipartisan housing affordability package to the House. The bill seeks to expand housing supply, streamline construction and limit large investors’ purchases of single-family homes.
Alan Greenspan, who led the Federal Reserve from 1987 to 2006 under four presidents, died at 100 from complications of Parkinson’s disease. His legacy spans a long economic expansion, market crises and later criticism over deregulation before the 2007-08 financial collapse.
EasyJet has rejected Castlelake’s latest £4.7 billion all-cash takeover proposal, saying it undervalues the airline. Castlelake has made the offer public ahead of a Friday deadline to make a firm bid or walk away.
The Lincoln Memorial Reflecting Pool renovation has encountered algae blooms and peeling blue sealant after a project whose cost rose above $14 million. The Interior Department says crews are using hydrogen peroxide, vacuums and nanobubble ozone technology to clear the water.