Author: DispatchTimes News Desk

AI stocks slid across global markets after senior industry figures called for a deliberate slowdown in the development of the technology, citing potential risks to humanity. The retreat weighed on Wall Street, although gains in other sectors limited the S&P 500’s decline and Australian shares were expected to open marginally higher. The S&P 500 was down 0.3 per cent in afternoon trading, while the Dow Jones Industrial Average fell 116 points, or 0.2 per cent. The Nasdaq composite was 0.1 per cent lower after recovering most of an early 1.3 per cent fall. Futures pointed to a rise of about…

A $150,000 two-year certificate of deposit (CD) account could earn between about $13,178 and $13,490 in interest at the leading rates available this September, provided the money remains invested until maturity. The best two-year CD rates are ranging from 4.30% to 4.40%. The fixed-rate accounts offer savers protection from changing market conditions while providing a return over the 24-month term. How much interest could a $150,000 two-year CD earn? At an annual rate of 4.30%, a $150,000 deposit would produce $13,177.35 by the time the account matured. At 4.35%, the return would rise to $13,333.84. The highest rate in the…

Thousands of Yemenis are seeking refuge in Djibouti as fighting intensifies in Yemen, adding to the country’s worsening humanitarian crisis. Displaced Yemenis are registering for refugee status at a camp in Djibouti, where the growing influx is placing further pressure on humanitarian conditions. A report from the camp documented the registration process as those fleeing the conflict sought protection in the neighbouring country.

The Kennedy Center in Washington is facing the prospect of bankruptcy and could close as soon as Tuesday, according to documents prepared for its board. The performing arts institution’s administration says it may soon be unable to meet payroll or pay routine maintenance contracts. The warning comes as the centre’s board prepares to meet and as a federal court considers a lawsuit challenging the decision to rename it in honour of Donald Trump. Most of the administration and board were selected by the president, who serves as the centre’s chairman. One board resolution says the Kennedy Center should shut immediately…

Bank of America investment banking fees are expected to fall by more than 10% in the third quarter from a year earlier, chief executive Brian Moynihan has told analysts, while trading revenue is forecast to remain broadly flat. The outlook marks a sharp slowdown from the bank’s performance in the previous quarter, when investment banking fees rose 50% and trading revenue increased 33%. Moynihan said at a conference on Monday that the wider investment banking market was down by 10%, citing Dealogic data. “We’re not as well positioned in some of the businesses that have more activity, so we’ll be…

Chicago rapper BloodHound Q50 was killed in a shooting involving six masked gunmen at a petrol station in the city’s Fuller Park neighbourhood, police said. Q50, whose real name was Mikquale T. Cooper, was 22. He was behind the wheel of a white Tesla at a BP station at about 4am on Sunday when the attack took place. Police said a black Infiniti carrying two masked people pulled up beside the Tesla, while a silver Honda Accord with four occupants arrived at another pump. Q50 and a 29-year-old woman passenger went inside the station. One of the masked individuals then…

Stagecoach Festival 2027 will be headlined by Riley Green, Zach Top and Garth Brooks, with the California country music event returning to the Empire Polo Club in Indio from 23 to 25 April. The organisers announced the line-up on Monday, confirming a broad bill that combines country acts with performers from rock, pop and hip-hop. Stagecoach Festival 2027 line-up Among the other names set to perform are Shaboozey, Journey, Matchbox Twenty, Flo Rida, Sean Paul and Florida Georgia Line. The festival attracts thousands of music fans to Indio each year and has become one of the biggest country music gatherings…

Australia will begin the build-up to their ODI World Cup defence in Zimbabwe, with stand-in captain Mitch Marsh hoping the next generation can make the same breakthrough he did there. Marsh will lead the side as Australia turns its attention towards the tournament, using the Zimbabwe campaign as an opportunity for younger players to establish themselves.

Abbott Laboratories has agreed to pay nearly $385 million to settle a civil case brought by the US Justice Department and some states over contamination risks at its powdered baby formula plant in Sturgis, Michigan. The settlement follows allegations that the company allowed conditions at the facility to put formula purchased by government programmes at an unacceptable risk of microorganism contamination, affecting its reliability, quality and safety. The department said Abbott failed to properly address roof leaks at the plant, relying instead on temporary measures that left products exposed to potential contamination. It also alleged that the company deliberately avoided…

Two 24-year-old university friends have been killed by a New York subway train after ending up on the tracks at Canal Street station in lower Manhattan. Navam Kaul and Malaika Chitre died when a Number 4 train struck them at about 3.15am on Monday. Footage recorded by passengers appeared to show the pair sitting together in the path of the train. Police believe Ms Chitre may have gone on to the tracks in an attempt to save Mr Kaul, rather than the deaths being the result of a suicide pact as speculated on social media. Police investigate how the pair…