Hotter-than-expected inflation data sent Wall Street tumbling on Wednesday, with worries about more interest rate hikes from the Federal Reserve pummeling shares of Oracle, CoreWeave and other AI stocks sensitive to higher borrowing costs. Increased bets that the Fed will have to further hike rates to tame inflation dealt a sharp blow to some of the market's biggest gainers of 2026. Oracle lost 7.3 percent, while AI-infrastructure firms CoreWeave and Nebius tumbled 15 percent and 10 percent, respectively. Dell dropped 12 percent and Hewlett Packard Enterprise lost 7.6 percent after Barclays downgraded the AI server makers to "equal-weight" from "overweight." The Philadelphia SE Semiconductor index dropped almost 4 percent, down for a sixth straight session and on track for its longest losing streak since May 2025. US consumer prices accelerated in September as the cost of gasoline surged and price pressures broadened beyond energy, data from the Labor Department's Bureau of Labor Statistics showed. Interest rate traders are pricing in a 37 percent chance that the Fed will raise rates at i
NEW YORK — Oil prices rose on Wednesday after the Houthis attacked Saudi Aramco's headquarters and Iran said it was deploying new tactics to target ships and keep oil prices high. Brent crude futures were up 87 cents, or 0.82 percent, at $106.56 a barrel by 1:25 p.m. ET (1725 GMT). U.S. West Texas Intermediate crude gained $1.46, or 1.55 percent, to $95.60, touching a three-week high. Attacks on ships transiting the Strait of Hormuz and strikes between Saudi Arabia and the Iran-allied Houthis are driving up oil prices, said Phil Flynn, senior analyst with the Price Futures Group. "We're seeing a lot of fear trade today," he added. Iranian officials declined to provide details of the new strategy to target ships, but one said Iran had started using different offensive tactics about 10 days ago. Gulf oil flows excluding Iran surged in September to more than 81 percent of prewar levels, data showed, led by a recovery in Saudi exports. Iranian exports fell to zero owing to a U.S. blockade. "More crude reaching international markets does not necessarily mean more oil is being produced," Saxo
WASHINGTON — U.S. Forces Korea (USFK) Commander Gen. Xavier Brunson said Wednesday that "conditions have changed" while stressing the requirements in the transfer of a conditions-based wartime operation control (OPCON) from the United States to South Korea. "Because the conditions have changed, because we've changed our plan, we have new standards which we have to uphold," Brunson said while sharing his thoughts on the topic of OPCON transfer during the annual Indo-Pacific Summit hosted by the Gold Institute for International Strategy in Washington. The general cited North Korea's missile launches carried out earlier this week as evidence of such change. "A cursory glance of a newspaper would tell you that the conditions have most assuredly changed." On Monday, North Korea test-fired tactical ballistic missiles toward the East Sea, part of efforts to upgrade a key component of its weapons systems, with the country's state media calling it a "big success." Brunson's comments come amid a perceived gap between Seoul and Washington over the timing of OPCON transfer. Seoul seeks to retake wa
NEW YORK — U.S. stocks dropped to their worst day since July on Wednesday following the latest signal that inflation is getting worse. The S&P 500 sank 1.1 percent for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average fell 48 points, or 0.1 percent, and the Nasdaq composite slid 1.9 percent as stocks in the artificial-intelligence industry led the way lower. Stocks felt pressure from rising yields in the bond market, where worries grew after a report said U.S. consumers had to pay prices for fuel, food and other costs of living last month that were 3.7 percent higher overall than a year earlier. That means inflation accelerated from its 3.4 percent rate in August and was worse than the 3.6 percent that economists expected. Inflation has remained more painful than anyone would like since the economy catapulted out of the crevasse created by the COVID-19 pandemic. It’s accelerated recently in part because of jumps in fuel prices caused by the war with Iran, and the price for a barrel of Brent crude added 0.4 percent Wednesday to $106.06. Tha
LONDON — President Volodymyr Zelenskyy said Wednesday that Ukraine counts on its partnership with the United States despite agreeing he felt betrayed by President Donald Trump over an "energy ceasefire" and Russian diesel deal. In London — where he received a highly symbolic show of support from the British government — Zelenskyy also called on U.S. tech billionaire Elon Musk to restore the Starlink system used on the battlefield, which Kyiv says has been slowed down. After meeting King Charles III, Zelenskyy told U.K. Prime Minister Andy Burnham in Downing Street that Ukraine had endured "massive attacks today and it is a pity we had also some difficulties," a reference to strained ties with Washington. Ukraine has accused the U.S. of helping Russia by failing to warn it of incoming missile strikes and hobbling its military response through changes to the Starlink system it uses on the battlefield. "We count on (our) partnership with the United States," Zelenskyy told Burnham during remarks captured on camera before a closed-door bilateral meeting. "We just want to be very honest,
NEW YORK — The new White House press secretary is facing mounting questions about her background and resume as she transitions into her role as the public face of the Trump administration. Katie Zacharia has long described herself as a lawyer as she has worked to establish herself as a commentator for conservative outlets like Fox News and Newsmax. But so far, she and the White House have offered no evidence that she passed the bar exam in any state or in China, where she worked for a large law firm years ago. The questions add to the confusion surrounding President Donald Trump's decision to hire Zacharia , who had worked for his social media company for only a few months when he announced her appointment and whose debut at the podium on Tuesday has been widely panned. Afterward, the president was asked by reporters where Zacharia had passed the bar exam, following a report by the independent outlet Popular Information that she did not appear to be licensed in any state. Trump stepped aside to allow Zacharia to answer. “When I moved to China," she responded over the sound of Marine O
WASHINGTON — U.S. President Donald Trump said Wednesday that Korea will invest $50 billion in a massive liquefied natural gas (LNG) project in Alaska as part of an investment agreement with Washington, despite uncertainty over Seoul's participation. "This 50 Billion Dollar Infrastructure Investment from The Republic of Korea is part of their Trade and Investment Deal with me," Trump wrote on Truth Social, while describing his visit to Alaska for a campaign rally on Tuesday. The remarks were the latest from the Trump administration claiming that Korea is committed to the Alaska LNG project. Seoul has maintained that its participation remains subject to a commercial viability review. Trump also said that Taiwan has agreed to invest $4.4 billion in equity into the project, calling it the "greatest project in Alaska history." White House Press Secretary Katie Zacharia also said Tuesday that $54 billion was tied to the Alaska LNG project as part of a Korean energy investment package. "President Trump also unveiled a Korea energy investment package of up to $200 billion in the United States.
Zelenskyy claimed the restrictions were deliberate and warned they could result in casualtiesUkrainian President Volodymyr Zelenskyy has said he feels betrayed by US President Donald Trump after restrictions on Starlink satellite access disrupted Ukraine's military operations.According to The...
Zelenskyy criticised Trump's diesel-supply deal with Russian President Vladimir Putin, saying it was "painful" to see him choose a side that did not support Kyiv.
Alexandros Paporakis allegedly drove to a Hindu temple in Aurora on October 11 with an AR-style rifle and ammunition, intending to carry out a mass shooting of “Indian people”
Nhà đầu tư dự án sân bay Quảng Trị thực hiện chuyến bay kỹ thuật hoàn thiện các điều kiện an toàn hàng không, hướng tới khai thác thương mại sân bay này vào tháng 3-2027.
Sáng 15-10, An Giang tổ chức họp giao ban báo chí định kỳ tháng 10-2026, cung cấp thông tin về tình hình kinh tế - xã hội, an ninh trật tự..., đặc biệt việc chuẩn bị để đón APEC 2027 ở Phú Quốc.
