Jul 10, 1998 12:40 PM

Market Update

US government economists issued good news on inflation today, but Wall Street shrugged it off and focused instead on upcoming corporate earnings reports. By midday, both major indexes were down: the Dow 10 and the Nasdaq 4.

Comments

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

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

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

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

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

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

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

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 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

Rural Data Centers Are in for a Big Federal Tax Break

Under the One Big Beautiful Bill Act, data center projects in rural areas could be eligible for major tax benefits starting next year. Some hyperscalers do not seem eager to take the free cash.

Molly Taft

Amazon Says It’s No Longer Using NDAs for Data Centers

The company announced it has stopped using secret agreements with county officials and acknowledged that community backlash is leading to data center moratoriums across the country.

Molly Taft

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