US stocks plunge in global tech rout
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Cerebras reports 92% revenue growth in chipmaker's first earnings report since IPO
Cerebras said revenue almost doubled in the AI chipmaker's first earnings report since its initial public offering last month. The stock fell 5% in extended trading. Here's how the company did: - Loss per share: 22 cents - Revenue: $193.4 million The company's revenue increased 92% in the first quarter from $99.5 million a year earlier, according to a statement.
Bill Gates testimony on Jeffrey Epstein ties released by House oversight panel
Microsoft co-founder Bill Gates departs after a closed-door interview with the House Oversight Committee on Capitol Hill in Washington, DC, on June 10, 2026. Kent Nishimura | AFP | Getty Images A transcript of the testimony that Bill Gates gave to a House committee about his relationship with notorious sex offender Jeffrey Epstein was released by the panel on Tuesday. Gates, a co-founder of Microsoft, in his June 10 testimony, expressed regret about his contacts with Epstein, which he said...
CFTC sues Kentucky over actions against prediction markets, making it first red state to face federal scrutiny
The Commodity Futures Trading Commission said Tuesday that it's filing suit against Kentucky. The action comes after the state sued prediction market platforms Kalshi and Polymarket, asserting the companies were operating illegal gambling platforms. Kentucky is the ninth state the CFTC has sued in the agency's battle to defend what it said is its exclusive jurisdiction to regulate prediction markets.
US stocks slide, as Wall Street gets AI wake-up call
Wall Street got a reality check as a bruising sell-off in several technology giants fuelled concern the artificial intelligence frenzy that has powered the equity bull market might be overblown. The tech rout engulfed global stocks as worries about frothy valuations ignited a fresh bout of volatility after a nearly three-month surge in riskier assets. The S&P fell 1.4 per cent.