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.
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A ransom note sent after Nancy Guthrie vanished from her home near Tucson said the 84-year-old had died and that her death was not intentional, U.S. media reported. Authorities say the investigation remains active and ongoing.
Investigators are examining two potentially credible notes sent after Nancy Guthrie disappeared near Tucson, including one that said she had died. The FBI has identified an armed, masked man seen outside her home as a suspect.
The Federal Reserve unanimously held interest rates at 3.5% to 3.75% in Kevin Warsh’s first meeting as chair. New projections showed inflation expectations rising and nearly half of policymakers open to a rate hike later this year.
Republican runoffs in Georgia and Alabama tested Donald Trump’s endorsement power, with early Georgia results showing Trump-backed Burt Jones trailing in the governor’s race and Mike Collins narrowly leading in the Senate contest. Voters also cast ballots in Oklahoma and Washington, D.C.
A federal judge ordered 16-year-old Timothy Hudson jailed until trial on charges that he sexually assaulted and killed his stepsister, Anna Kepner, aboard a cruise ship. Hudson has pleaded not guilty to first-degree murder and aggravated sexual abuse.
Oil prices dropped after Trump announced an initial US-Iran deal to reopen the Strait of Hormuz, but shipping, insurance and mine-clearing hurdles could delay a return to normal. Analysts warn energy, fertiliser and consumer prices may remain under pressure for months.
Gene Shalit, the pun-loving movie critic and arts reporter who spent four decades on NBC’s “Today” show, has died at 100. His family said he “passed away peacefully” after “an amazing life.”