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“The decline followed a sell-off in Asian markets, with South Korea’s Kospi falling 5.28%, Taiwan’s main index declining 3.2% and Japan’s Nikkei dropping 1.79%.”

“Dan Coatsworth, head of markets at AJ Bell, noted the “AI story has all been about speed, and now there is a danger of it moving to a lower gear, and some of the wheels falling off”.”

“The sell-off in the US on Thursday was most dramatic on the Nasdaq, home to tech industry titans such as Alphabet, Nvidia, Meta and Apple.”

“Two lackluster earnings reports on Wednesday night from major chipmakers, Qualcomm and Arm Holdings, triggered the sell-off.”

“That’s because AI, and data centres in particular, were high on the list of the issues targeted by the successful Democrat candidates who capitalised on a rising tide of discontent by voters unhappy with the impact of the centres on their neighbourhoods,…”

“Nasdaq Composite futures rebounded from an earlier AI sell-off, gaining 0.54 per cent.”

“…pointed that @ProfEmilyOster would choose to lend her credibility to prediction markets (which are, in practice, sportsbooks with a side of wagering on elections and oil futures), particularly when one considers the harm they are bringing to kids and…”

“The IPO push comes despite a once-busy autumn listing calendar thinning out as choppy markets prompt companies to delay their offerings.”

“And if you’re in the business of feeding people, including as a grocer, it becomes easier to sell and showcase what you offer to a more rational, less sleep-deprived market.”

“Trump paused Russia sanctions to ‘analyse’ impact on global economy: Rubio AI generated JOINT BASE ANDREWS, United States – US Secretary of State Marco Rubio said on Oct 17 that President Donald Trump’s waiver of sweeping sanctions and tariffs on Russia would…”