Aggregator

A resident said his neighbours had been 'driven off' by the price hike

An anonymous reader quotes a report from The Guardian: A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs. The tech-heavy Nasdaq index closed 2.2% lower on Tuesday. The S&P 500 was also down by Tuesday afternoon, dropping 1.43% while the Dow remained steady. All three major US indices have hit record highs this year, riding off a rush of funding to support AI technology and infrastructure. Nasdaq is up 10% for the year, while the Dow jumped 6% so far this year, breaching past 51,000 points, and the S&P 500 is up 7.3%. But some economists have warned that the influx of AI spending is a bubble reminiscent of the dot-com bubble that burst in the early 2000s. Seven tech companies make up 30% of the S&P 500's value. The heavy reliance on a single industry and a few key companies has some investors wondering if it's a matter of when, not if, there will be a burst. Those concerns have been heightened by signals from the Federal Reserve last week that it may increase interest rates, and therefore the cost of borrowing, in order to tackle rising inflation. Alphabet fell 5% on Monday. SpaceX plunged 16%. The selloff also spread to Asia, with South Korea's benchmark dropping 10% as SK Hynix and Samsung Electronics each lost more than 12%, while Japan's Nikkei 225 declined 3.5%.

Read more of this story at Slashdot.

More than 1.5million people have at least £100,000 saved in their Isa. However, if you leave it in cash, it may lose value over time due to inflation.

The damage can have a 'devastating' impact on wildlife

Five ISPs and plenty of users await their fate

A councillor has told a council meeting that it is 'intimidating' and 'it’s not very nice'

An energy mega-project in the Essex countryside has opened its doors to mark its move into full operational life.

Ocean rower Dawn Smith BEM is taking on a historic world-first challenge with an unsupported crossing of the North Atlantic from Canada to Burnham.

EDEN CONFIDENTIAL: They're both billionaires but their stylistic differences could scarcely be more striking.

Use of Arm cores and Linux mean Beijing hasn’t broken away from the world

Instead of taking multiple cold showers a day like those with opposable thumbs, sweltering animals are being hosed down by zookeepers to stay cool in the blistering 'heat dome'.

For 15 consecutive days in 1976 the sun beat down on Britain and the temperature hovered at 32C (89.6F).

President Donald Trump, 80, fixated on negative coverage of his swollen 'cankles' during an explosive White House moment, as his staff whisper about his 'old' age, a new book reveals.

Josh Hokit thought he was flattering Michelle Obama when he accused her of being a man at UFC Freedom 250, or at least that's the story he's going with.

Businesses were forced to switch to cash-only payments as fans watching the Three Lions draw 0-0 to Ghana were affected by disruption to major payment processing company Worldpay.

ENGLAND 0-0 GHANA - OLIVER HOLT AT BOSTON STADIUM: Well, that didn't last long as Thomas Tuchel's team fell to earth with a damp and dank performance.

David-Junior Tita, 17, from Crewe, died at Pickmere Lake near Knutsford after entering the water with friends during record-breaking temperatures at the end of last month.

Andrew Farago, the former curator of Cartoon Art Museum, was arrested on June 3 on 20 counts of invasion of privacy involving the use of a hidden camera.

Mehmet Celik, 24, ploughed into Thomas Rees, 23, with his Kia car, leaving him with a brain injury.

For years, I've suffered with extremely low mood in the mornings - even if I go to bed happy. What could be causing these overnight changes? Dr Martin Scurr replies...