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US stock market hits record highs as AI profits pile and oil prices ease
S&P 500 shot up 1.8% and the main measure of Wall Street’s health topped its prior all-time high set a few months agoThe US stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased.The S&P 500 shot up 1.8%, and the main measure of Wall Street’s health topped its prior all-time high set a couple months ago. The Dow Jones industrial average added 907 points, or 1.7%, to its own record set the day before, while the Nasdaq composite
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Trump administration reportedly drafting ban on Chinese datacenter components
Trump’s FCC is developing a measure to bar US imports of new models of Chinese datacenter devices, sources sayThe Trump administration is reportedly drafting a ban on US imports of new models of Chinese datacenter components, in the latest sign US authorities are scrambling to respond to the rapid development of AI technology in China.Four people familiar with the matter told Reuters that the Federal Communications Commission (FCC), which oversees the US ⁠telecommunications industry, i
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Germany set to make rental e-scooter operators liable for accidents
Measures aim to make it easier for victims to gain compensation, with firms such as Bolt and Lime held responsible for damageVictims hit by rental e-scooters on German streets will have an easier time gaining compensation from their operators under legislation due to be passed in parliament that would put the vehicles on a legal footing similar to that of cars.The draft law by the right-left coalition government, which has been welcomed by consumer rights advocates, says that given the