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Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump

Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showing

The latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran.

The S&P 500 fell 1.2% for its worst day since July, while the Nasdaq composite tumbled 2.6%. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the US market, in which the majority of stocks actually rose. The Dow Jones Industrial Average added 11 points, or less than 0.1%.

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© Photograph: Richard Drew/AP

© Photograph: Richard Drew/AP

© Photograph: Richard Drew/AP

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US judge orders Trump administration to halt noncitizen voting investigation

Federal judge says government’s investigation into alleged noncitizen voting in nine states is relying on flawed data

A federal judge in California has ordered the Trump administration to halt investigations in nine states into whether noncitizens are registered to vote.

US district court judge Araceli Martínez-Olguín in Oakland found the government’s effort was relying on data that is full of errors and that it was leading to intimidation of groups performing voter assistance efforts. She said it should be halted until polls close on election day on 3 November.

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© Photograph: Jae C Hong/AP

© Photograph: Jae C Hong/AP

© Photograph: Jae C Hong/AP

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‘Looksmaxxing’ influencer Clavicular pleads not guilty to raping teen

The social media personality denies allegations he gave a girl alcohol until she was drunk and sexually assaulted her

The “looksmaxxing” livestreamer Braden Peters, better known by his stage name Clavicular, pleaded not guilty on Thursday to charges that he raped a 17-year-old girl at his family’s Massachusetts home.

A social media personality known for promoting extreme devotion to male beauty, Peters, 20, is accused of giving the girl alcohol until she was drunk and then sexually assaulting her when she visited him in Chatham, on Cape Cod, in May 2025.

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© Photograph: Merrily Cassidy/Pool Cape Cod Times/AP

© Photograph: Merrily Cassidy/Pool Cape Cod Times/AP

© Photograph: Merrily Cassidy/Pool Cape Cod Times/AP

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Virginia Democrat indicted on federal drug and money-laundering charges

Federal authorities allege L Louise Lucas, a state senator and vocal Trump critic, led a ‘criminal marijuana enterprise’

Virginia state senator L Louise Lucas, one of the state’s most powerful Democrats, was charged on Thursday in connection with what federal authorities alleged was a role leading a criminal enterprise that acquired and distributed large quantities of marijuana and laundered the proceeds.

An indictment unsealed on Thursday charged Lucas and six other defendants, including several of her relatives, the Department of Justice said in a statement. Lucas surrendered on Thursday, a justice department spokesperson said.

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© Photograph: Ryan M Kelly/AP

© Photograph: Ryan M Kelly/AP

© Photograph: Ryan M Kelly/AP

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A possible three tornados wallop Arizona, bringing golf-ball sized hail

Violent storms overnight knocked over utility poles and trees and carried thunder and heavy winds through state

Yet more severe weather struck Thursday in the US south-west as the Four Corners region surveyed blown-away roofs, trees knocked on to homes and power lines downed from overnight tornadoes that injured one person.

The injuries weren’t life-threatening but rare for an area better known for scalding heat. But this fall has been unusually soggy in the south-west with El Niño conditions that have sent one tropical system after another in from the Pacific, causing the Grand Canyon and surrounding deserts to rage with floods.

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© Photograph: Ross D Franklin/AP

© Photograph: Ross D Franklin/AP

© Photograph: Ross D Franklin/AP

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