Jun 12, 1998 12:55 PM

Market Update

Stocks fell sharply for a second straight day on fears that a Japanese recession will bite deeply into the American economy and corporate profits. The Dow, which lost 160.43 on Thursday, was off more than 75 points by midday. The Nasdaq was off more than 30 following Thursday's 23.50 point loss.

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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

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

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

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

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

Pour One Out for the Leap Second

The metric might not mean much to laypeople, but leap seconds have been a source of contention in the timekeeping community for years. Now, they’re dead.

Brian Kahn

The MacBook Air Drops to Its Lowest Price Since June for Prime Day

At $1,099, the MacBook Air is $200 off its retail price for Prime Day, its lowest price in months.

Luke Larsen

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

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

The $6.3 Billion Binance Hack Was Pulled Off in Just 20 Minutes

Multiple crypto-tracing firms say notorious North Korean hackers TraderTraitor may be behind the largest digital heist in history—with billions of crypto likely gone for good.

Matt Burgess