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The United States’ stock market has shed more than $1.7 trillion in value after US President Donald Trump declined to rule out the possibility the economy could enter a recession this year. The benchmark S&P 500 on Monday tumbled 2.7 percent, dragging the index nearly 9 percent below its all-time high reached on February 19. The tech-heavy Nasdaq 100 plunged 3.81 percent, its steepest single-day loss since September 2022. The losses, which follow two weeks of steep declines, mean that the S&P 500 and Nasdaq 100 are now at their lowest levels since September. Tesla, the electric car company run…

Free speech groups point out that the Department of Homeland Security (DHS) accused Khalil of leading “activities aligned with Hamas, a designated terrorist organization”. But analysts note that the department’s allegation falls short of more tangible claims. US law, for instance, prohibits anyone in the country’s jurisdiction from providing “material support” to terrorist organisations. The rationale provided for Khalil’s arrest, experts argue, was overly broad and could be wielded against any voices critical of Israel and US foreign policy. “It’s a loophole so big that you could drive a truck through it,” Will Creeley, the legal director of the Foundation…

Taipei, Taiwan – As United States President Donald Trump kicks off a new trade war with China, analysts say he will face a much stronger and more prepared adversary in Beijing compared with his first term in office. Since returning to the White House in January, Trump has already imposed a 20 percent tariff on Chinese imports, citing Beijing’s alleged failure to curb the export of the deadly opioid fentanyl to the US. The tariff comes on top of previous duties imposed by Trump and former US President Joe Biden on more than $400bn worth of Chinese goods. After condemning…

Hours after a series of outages Monday that left X unavailable to thousands of users, Elon Musk claimed that the social media platform was being targeted in a “massive cyberattack.” “We get attacked every day, but this was done with a lot of resources,” Musk claimed in a post. “Either a large, coordinated group and/or a country is involved. Tracing …” Complaints about outages spiked Monday at 6 a.m. Eastern and again at 10 a.m, with more than 40,000 users reporting no access to the platform, according to the tracking website Downdetector.com. By afternoon, the reports had dropped to the…

In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, according to Reuters, which cites people close to the deal. The deal involves OpenAI receiving $350 million worth of equity in CoreWeave, the sources told Reuters. The private placement is said to be separate from CoreWeave’s planned IPO. CoreWeave filed to become a public company last week, but it has not yet priced or scheduled its debut. It’s a win for both companies. One reason this agreement is so eye-popping (besides the billions involved) is that before this deal, CoreWeave’s…

The administration of President Donald Trump has revealed it has overhauled the online application known as CBP One, which was formerly used to process asylum claims at the southern border of the United States. Now, the app has been reimagined as a platform for “self-deportation”. Secretary of Homeland Security Kristi Noem made the announcement on Monday in a statement outlining the changes. “The CBP Home app gives aliens the option to leave now and self-deport, so they may still have the opportunity to return legally in the future and live the American dream,” Noem said. “If they don’t, we will…

PARIS (AP) — Just days after an unexploded World War II bomb near Paris’ Gare du Nord briefly stole headlines, a different kind of spectacle unfolded across the street: Louis Vuitton’s fashion show extravaganza Monday evening.The only explosions here at Paris Fashion Week were in fabric, form and a frenetic imagination. When designer Nicolas Ghesquière emerged for his bow, the audience’s adulation reached a fever pitch, so much so that French first lady Brigitte Macron, in a rarely seen display of exuberance, leapt to her feet to plant a kiss on him. A station steeped in mysteryThe setting, according to…

Poolside co-founder and CEO Jason Warner didn’t mince words: He thinks that most companies looking to build foundation AI models should instead focus on building applications. Poolside is an AI-powered software development platform. Warner told the audience at the HumanX AI conference in Las Vegas on Monday that he thinks intelligence is the most important commodity in the world — on par with electricity — and anyone who doesn’t believe this should not be building a foundation model. “If you’re one of those people, if you want to take one side of the fence, you’re a printing press for cash unlike anything…

DeepSeek’s founder Liang Wenfeng is in no hurry to get investment from outsiders, the WSJ reported Monday. DeepSeek is one of the hottest AI startups in the world right now after the Chinese AI company took Silicon Valley by storm with its latest model earlier this year. Unlike DeepSeek’s AI model provider counterparts, who regularly announce mega-rounds filled with prominent investors, Liang hasn’t announced any fundraises, despite lots of VC interest. Rumors about its supposed investors have even fueled (baseless) rallies in some Chinese stocks. DeepSeek’s founder doesn’t want to lose control  An analysis of Chinese corporate records done by…

MADRID (AP) — The fate of a French impressionist painting once stolen by the Nazis from a Jewish woman is in question once again after the U.S. Supreme Court on Monday revived a case that could decide its ownership. At issue is whether the painting, Camille Pissarro’s “Rue Saint-Honoré in the Afternoon, Effect of Rain,” should remain in the hands of a prominent Spanish museum where it now hangs — or with the descendants of the woman.On Monday, the Supreme Court said the case should be reconsidered under a California law passed last year that aims to strengthen the claims…