May 7, 1998 1:44 PM

Market Update

Stocks opened on a losing note once again as Wall Street braced for upcoming monthly jobs numbers and Asian jitters weighed on the market. By midmorning, the Nasdaq was off more than 14 and the Dow was down more than 44.

Comments

Polymarket Halted International Trading After Hackers Drained Accounts

The company says an unnamed third-party provider was compromised. Trading has resumed, and Polymarket says affected traders will be made whole.

Kate Knibbs

The Atlantic’s Near-Record Hurricane Drought Is About to End

Tropical Storm Isaias is set to become the basin’s first hurricane of the season, bringing life-threatening rain and storm surge to the Gulf Coast.

Brian Kahn

WIRED Ghost Stories

Five hauntings from the other side of technology.

Anthropic’s IPO Prospectus Reveals What’s Under the Hood

Anthropic on Monday filed documents ahead of a blockbuster IPO that offers insight into the company’s financials, risk factors, and views on the future of AI.

Joel Khalili

Trump Administration Cuts Off Access to a Major Immigration Program for Workers at Microsoft and Adobe

“There has been no company in the United States, unfortunately, that has abused this system more than Microsoft,” Vice President JD Vance said on Thursday.

Kate Taylor

Why Anthropic’s IPO Prospectus Is Missing So Many Key Figures

Anthropic’s S-1 filing is hundreds of pages long—and it leaves out quite a few financial details. “Anthropic owes investors more information,” one analyst tells WIRED.

Lauren Goode

This Is What the GOP’s Final Midterms Push Looks Like

Republicans are spending their time and money on Senate races in historically red states—a sign they’re more nervous than ever as Election Day looms.

Hugo Lowell

Earth’s Condition Is ‘Serious and Getting Worse’ as Climate Change Intensifies

Seven of 16 planetary vital signs are in their most extreme state ever recorded, and El Niño is here to make matters even worse.

Brian Kahn

Trump Aides Admit the House Is a Lost Cause

With the midterm elections just a few weeks away, the White House knows it has to go all in on Senate races—while virtually forfeiting the House.

Hugo Lowell

Mistral Says Its AI Model ‘Le Chonk’ Has Leapfrogged China in the Open-Weight Race

The French AI lab claims its latest release matches or outperforms even the best models from DeepSeek and Z.ai in coding and cybersecurity.

Joel Khalili

Meta’s Ad Sales Are Suffering Now That Europeans Can Pick Less Personalization

An earnings briefing on Wednesday revealed ad revenue has slowed since the European Union introduced the Less-Personalized Ads model at the beginning of this year.

Isabella Ward

The DOJ Is Weighing Perjury Charges Against Cassidy Hutchinson

The Justice Department is considering a perjury and obstruction-of-justice case against Cassidy Hutchinson, a former White House aide who testified against Donald Trump to the January 6 committee.

Hugo Lowell