Jun 18, 1998 12:50 PM

Market Update

Stocks drifted as Wall Street waited to see what Japan's going to do to fix its ailing economy now that the United States has propped up the freefalling yen. By midday, the Dow was off almost 24 points. The Nasdaq was down less than a point.

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

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 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

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

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 $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

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

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

The US Government Is Hiding a Secret Court Ruling About How It Spies on Americans

Two US senators say the Trump administration is breaking the law by withholding the FISA court decision while it presses Congress to renew America’s most sweeping surveillance program.

Dell Cameron

Let’s Talk About the Super El Niño and Climate Change

Here’s what we know about the record-setting El Niño on a record-hot planet, and the most important questions scientists are trying to answer.

Fernanda González