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1 Nasdaq Erases $2.3-Trillion In Market Value In One Day Over Concerns About Anti-AI Candidates Being Elected
U.S. stocks plunged yesterday as worries about artificial intelligence spending grew after Democrats’ sweeping election wins. The tech-heavy Nasdaq 100 fell 6.3-percent, wiping out $2.3 trillion in market value. The S&P 500 dropped 4.4-percent, while the Dow lost 1,833 points, or 3.4-percent. Investors had expected Democrats to win Congress, but the scale of their victories raised fears of tighter rules on AI companies. Many winning candidates promised to slow or stop new data centers, including in states where the industry has grown quickly. Investors are also questioning whether huge AI investments will produce enough gains to pay off.
2 California's Governor Newsom Is Commuting All Death Sentences To Life Without Parole
California Gov. Gavin Newsom says he will change every death sentence in the state to life in prison without the chance of parole. The move would affect 548 people, including 529 men and 19 women, as he prepares to leave office after eight years. California’s constitution requires the state Supreme Court to approve clemency for anyone convicted of a felony more than once. That rule applies to 382 people, roughly 70-percent of those covered by Newsom’s plan. The American Civil Liberties Union welcomed the announcement.
3 Suspect In Citibank Shooting That Left One Victim Dead Was "Irate" Over Court Summons For $2,500 Debt
A man who killed a Citibank employee near Tampa was angry about a court summons over $2,556 in credit card debt, authorities say. Jacob Pearson, 35, allegedly threatened a law office handling the debt before driving to the bank’s campus on Wednesday. Sheriff Chad Chronister said Pearson crashed through a gate and killed human resources employee Leanne Selman, 41. Security officer John Fraley, a Marine veteran, shot Pearson during a gunfight inside a cafeteria. Pearson later died at a hospital. The sheriff credited Fraley with preventing more deaths.