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Global financial markets are navigating a volatile weekend following a sharp tech-led sell-off and major geopolitical developments. Here are today’s top business and market headlines: 1. Wall Street Hit by Steep Tech Sell-Off Amid AI Spending Jitters The high-flying artificial intelligence trade suffered a major setback, leading to a sharp drop in major indices. The S&P 500 tumbled 1.2% to clo

The top business and financial market headlines following the close of the trading week on Friday, October 23, 2026 include: 1. Market Wrap: Tech Slumps as "AI Capex Jitters" Spark a Split Market U.S. stock indexes ended the week on a downward trend, primarily dragged down by a sharp sell-off in mega-cap technology and artificial intelligence (AI) stocks. The AI Capex Shift: Investors are incr

Here are 10 of the biggest news stories from around the globe today, October 19, 2026: 1. Putin Proposes Trilateral Peace Summit with Trump and Xi Russian President Vladimir Putin has proposed a three-way summit next month with U.S. President Donald Trump and Chinese President Xi Jinping to negotiate a resolution to the Ukraine conflict. The proposal, reported by The Wall Street Journal, has s

The short answer is that AI is projected to create more job opportunities than it destroys, but it will trigger a massive, disruptive transition. Major global institutions like the World Economic Forum (WEF), McKinsey & Co., and the International Monetary Fund (IMF) suggest that the real challenge is not a scarcity of work, but a profound mismatch of skills. Millions of workers will be forced to