TOKYO — Asian stocks were mixed, while South Korea’s Kospi stock index fell 6% on Wednesday, as doubts over massive investments in artificial intelligence once again led investors to dump chipmaker stocks. American futures hardly changed. The latest decline in Seoul was led by a drop in shares of chipmaker SK Hynix after its operating
WASHINGTON– The Trump administration is preparing to increase funding by hundreds of millions of dollars for programs designed to counter China’s growing influence around the world, after halting many such initiatives last year during a series of budget and personnel cuts. The administration notified Congress late last week that it intends to spend $175.8 million
NEW YORK — Oil prices fell in early trading on Sunday, falling further from a two-month high hit last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf for the second day in a row. The price of a barrel of Brent crude oil to be delivered in
Economics has a term for what food prices have done in the United States in recent years: skyrocket. Rockets, because the cost of food consumed at home skyrocketed after the pandemic. Feathers, because once prices rise, they take time to fall. This has been frustrating for Americans hit by the largest increase in food prices
WASHINGTON– The US military has halted its airstrikes against Iran after nearly two weeks of intensified bombing, while diplomatic efforts have moved forward to try to prevent a return to all-out war. But it remains to be seen whether the United States and Iran are at a turning point in a mercurial conflict that will
CAIRO — Yemen’s Iran-backed Houthi rebels said Saturday they fired missiles and drones at Saudi Arabia in response to Saudi airstrikes on the strategic Red Sea city of Hodeida, in an escalation over vital shipping lanes in the Middle East as the United States and Iran compete for control of the Strait of Hormuz. Brig.