US stocks slipped from their latest record-setting run on Tuesday, as Wall Street weighed worries over the government shutdown against hopes for AI.
The Dow Jones Industrial Average (^DJI) fell 0.4%. The S&P 500 (^GSPC) also dropped 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) decreased 0.7% after fresh record high closes on Wall Street.
Coatue Management’s billionaire boss sliced Domino’s Pizza out of his fund’s portfolio and added a company with plenty of promise, yet steep operating losses.
Data is the fuel that keeps Wall Street’s engine running, and investors are rarely ever hurting for information to digest. Between earnings season — the six-week period each quarter where most S&P 500 components reveal their operating results —
The government shutdown halted the release of key economic data, choking off the flow of information as some experts warn the economy may be slipping toward a recession, some economists told ABC News.
A federal agency postponed the release of a monthly jobs report on Friday, leaving observers in the dark about the status of a sharp hiring slowdown.
» Read more about: Government shutdown halts data, stokes risk as economy wobbles, experts say »
Exports of U.S.-made liquor fell sharply in the second quarter of 2025 as tariffs imposed under President Donald Trump took hold, according to the Distilled Spirits Council of the United States.
Overall liquor exports declined 9% compared with the same period in 2024, the council said. Shipments to Canada plummeted 85%.
» Read more about: US liquor exports see steep losses as tariffs take effect »
» Read more about: What's Tesla Teasing? The Stock Is Rising as Investors Look Ahead to Tuesday »
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
AI is eating the world—and the machines behind it are ravenous.
Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.
Shares in Elon Musk’s Tesla (TSLA) slumped in Tuesday morning trading after the electric vehicle maker revealed that its new product, hinted at in a series of cryptic posts on X on Sunday, is a stripped-down and cheaper version of its Model Y SUV.
Tesla shares gained more than 5.4% by the closing bell on Monday after the EV maker posted gifs on Sunday of a spinning company logo with the date “10/7”
Renewable energy firm Saatvik Green Energy Ltd on Tuesday announced that it has received and accepted orders worth ₹488 crore from leading Independent Power Producers (IPPs) and EPC companies for the supply of solar PV modules, to be executed during FY26.
Its material subsidiary, Saatvik Solar Industries Pvt Ltd,
» Read more about: Saatvik Green Energy bags ₹488 crore solar module orders »
Getty Images; Alyssa Powell/BI
2025-10-07T17:37:53Z
David Rosenberg has a question for his critics: Does a so-called “perma-bear” make investors money? He also has an answer.
The top economist and Rosenberg Research founder — who’s known for making persistently bearish calls on the US economy and markets — said that he put his money where his mouth was by creating a fund based on his gloomy predictions.
