AI stocks climb after trillions wiped from market values

US mother transfers property to son in 2003; court cancels deed after he refuses to return it

A New York mother who transferred her property to her son and daughter-in-law in 2003 after he promised to return it whenever asked has won a legal battle 23 years later. When the couple refused to return the property, she approached the court. A New York appeals court has now upheld the cancellation of the deed, ruling in her favour.

Padilla to Bato dela Rosa on ICC warrant: ‘Naiinggit ako sa’yo’

MANILA, Philippines — Sen. Robinhood “Robin” Padilla expressed envy toward his colleague, Sen. Ronald “Bato” dela Rosa, who is currently in hiding after the International Criminal Court (ICC) issued a warrant for his arrest. Speaking to reporters at the Department of Justice (DOJ), Padilla admitted that if he were in dela Rosa’s position, he would

London councillors reject Berkeley Homes plan after affordable housing offer falls from 40% to 12%

Southwark Council's planning committee voted unanimously against Berkeley Homes' revised plans for the Bermondsey Place development. The housebuilder proposed reducing affordable housing from 40 percent to just 12 percent, causing strong local opposition. Council members expressed concerns about the long timeline for home completion and questioned the developer's financial figures. Berkeley Homes highlighted rising costs and council fees as reasons for the reduced affordable housing offer.

7-year-old sells lemonade for school shoes; officer returns with Adidas surprise

John Wick star Keanu Reeves offered a 15-minute Zoom date for charity

How the US Navy attempted to deliver 3,000 letters by missile

Court upholds sale of divorced Arkansas woman's property share after her bankruptcy filing.

In a landmark ruling, a federal appeals court upheld the sale of a divorced woman's stake in property located in Arkansas. The decision favored her bankruptcy trustee, overcoming objections posed by her ex-husband. He contended that the buyer's good faith was not adequately proven in prior hearings but failed to voice this concern earlier. Consequently, the property transaction with Blue Sun Capital LLC is deemed legally binding.

Tesla to pull the plug on Cybertruck after years of poor sales

Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks. The move is a major retreat from what has been one of Musk's pet projects. In an X post, Musk said the wind-down would let Tesla make more of the Cybercab, a robotaxi he has made central to the automaker's autonomous-vehicle ambitions, but one that has yet to prove itself commercially. The announcement comes at the end of a bruising week for Musk, as his record political spending of nearly half a billion dollars yielded little in Tuesday's U.S. midterm elections, with the vast majority of the Republican candidates he backed losing their races. Combined, his companies were on track to lose more than $180 billion in market capitalization for the week. While it was not immediately clear whether Cybertruck production would be moved to another facility or phased out entirely, the automaker's Austin plant is the only known Tesla facility equipped to manufacture the special

Top US House Democrat on trade issues committed to reversing 'unjustified' tariffs

U.S. Representative Richard Neal, the Democrat who is expected to regain the chairmanship of the tax- and trade-focused House Ways and Means Committee, said on Friday that he is committed to reversing President Donald Trump's "unjustified" tariffs and "backroom deals" on trade. * In an address to a trade conference hosted by the Biden administration's former U.S. Trade Representative, Katherine Tai, Neal said Trump's "deliberately chaotic and unjustified trade policies" had contributed to rising living costs and growing inequality between workers and the wealthiest Americans. * Democrats have won at least 250 seats in the House of Representatives in the midterm elections that were held on Tuesday, giving them their biggest majority since the 2008 election of President Barack Obama. With at least 54 seats in the Senate, Democrats will have significant ability to pass legislation rescinding some of Trump's tariff policies and the statutes backing them. Punitive duties on Canadian goods are viewed as a likely target. * "I'm committed to reversing Trump's unjustified tariffs and pursuing tr

US urged Beijing to implement commitments of Busan trade deal, Treasury says

U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer discussed U.S.-China economic relations with Chinese Vice Premier He Lifeng and urged Beijing to immediately implement commitments under the Busan trade agreement, the Treasury Department said on Friday. “I emphasized the importance of China fully and immediately honoring its commitments, raised concerns about recent Chinese actions and underscored that progress depends on concrete results," Bessent said in a social media post. The United States would "closely assess China’s implementation of the arrangement," the Treasury said in a statement. Beijing has signaled tariff concessions remain central to its aims, with its commerce ministry saying on Thursday China was open to buying more U.S. farm goods, but only if the two sides implement their reciprocal tariff-cut agreement. Following a September summit between Presidents Xi Jinping and Donald Trump in Washington, the two sides proposed a $60 billion package of reciprocal tariff cuts, including roughly $17 billion worth of U.S. farm goods that China im

AI stocks halt brutal, worldwide sell-off as Wall Street trims its loss for the week

NEW YORK — AI stocks are bouncing back Friday and recovering some of their sell-off from the last two days. The rest of the U.S. stock market is mixed following a whirlwind few days of Wall Street trying to sort out what this week’s sweeping victories by Democrats in the U.S. midterm elections will mean for the economy. The S&P 500 rose 0.9 percent and trimmed its loss for the week to 2.1 percent. The Dow Jones Industrial Average was down 3 points, or less than 0.1 percent, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 1.6 percent higher. Even with this week's extreme swings, the S&P 500 remains only 5.1 percent below its all-time high, which was set last month. Friday's relative steadiness for Wall Street halted what had been a worldwide tumble for stocks. Indexes dropped 6 percent in Tokyo and 6 percent in Seoul following the U.S. market’s plunge on Thursday, which was its worst since President Donald Trump shook markets in April 2025 with his “Liberation Day” tariffs. European indexes have fewer stocks tied to the artificial-intelligence industry, but Germany

European air traffic targeted again by bomb threats after a week of hoaxes

PRAGUE — Officials across Europe reported a fresh slew of bomb threats against multiple flights on Friday, following a string of hoaxes that have caused flight diversions this week. Two broadcasters also received security threats, in a possible sign the menace was spreading beyond the skies. No suspicious items have been found and no one has been injured, but the threats have raised concern because they came on the heels of other European disruptions — including attacks on supermarket refrigeration systems and drone incursions. Overall, the threats have caused minimal disruption to aviation, according to the European air traffic authority. Eurocontrol said it was aware of bomb threats against 14 flights on Thursday — only 0.05% of all of the nearly 26,300 flights across the European network that day — and seven on Tuesday. Even so, airlines have to take every threat seriously because they are ultimately responsible for the lives of their passengers, said Robert Jordan, research director at Britain's Royal United Services Institute think tank. Jordan told the BBC that there are mo