May 29, 1998 12:08 PM

Market Update

Stocks succumbed to economic worries over Asian and Russian economies and headed lower after a short-lived morning rally. By midday, the Nasdaq was off more than 7 and the Dow was down more than 22.

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.

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

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

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

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

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

Mistral Says Its New AI Model ‘Le Chonk’ Is the Best Open-Weight Offering Outside of China

With the release of its new trillion-parameter model, Mistral is hoping to demonstrate it’s “still in the race” to build frontier-level artificial intelligence.

Joel Khalili

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

You Probably Aren’t Going to Get the Plague

The death of a lab worker in Russia has authorities looking at whether plague played a role. Even if it did, though, the odds of it spreading are very low.

Emily Mullin

The PHP Meltdown Shows How AI Makes Bugs More Exploitable

Security researchers used AI tools to help uncover years-old vulnerabilities in the PHP web scripting language. Then the AI-assisted attacks began.

Lily Hay Newman