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Stock Market Today: Chip Stocks Plunge on AI Funding Worries
The stock market today is firmly in the red as a global rout in chip stocks deepens. Nvidia, AMD and Dell are leading the declines, with selling spreading from the United States across Asia as investors question whether the money behind the artificial-intelligence buildout will keep flowing. It is the kind of session that reminds…
Google Launches Gemini 4 Argon AI Model; GOOGL Slides 0.6% on October 9
Google launches Gemini 4 Argon frontier AI model and Gemini agent for enterprise work. GOOGL stock down 0.6% as AI competition heats up. Pricing starts at $2 per million input tokens.
DWP Benefit Rules Change: 325,000 Residents Keep More When Working October 5
From October 5, 2026, over 325,000 residents in supported housing and temporary accommodation can keep more earnings. Housing benefit now aligns with Universal Credit rules, ending the ‘cliff edge’ that left workers worse off.
Yokohama Mayoral Race Begins With Harassment Scandal at Center
Seven candidates filed for Yokohama’s mayoral race on October 4, including scandal-hit former Mayor Takeharu Yamanaka who resigned after harassment allegations. The October 18 election will determine the city’s direction.
Zcash Falls 0.6% to $1,326 as Grayscale ETF Records First Weekly Outflows
Zcash drops to $1,326 as Grayscale Zcash Trust sees $93.6M in weekly outflows, signaling institutional pullback from privacy assets.
UK Government Mulls PIP Overhaul: 4.1M Claimants Face Potential Benefit Redesign
UK government reviewing Personal Independence Payment for 4.1 million claimants. Minister refuses to rule out cuts but promises no forced service swaps. Final report due November 2026.
Nike Stock Hits 13-Year Low as Q1 Revenue Misses, Layoffs Loom
Nike shares plunge 9% to 13-year low after Q1 revenue miss and weak FY2027 outlook. Company plans $2.5B cost cuts and layoffs starting 2027.
Zcash Slides 3.6% to $1,287 as ETF Outflows Weigh on Sentiment
Zcash fell 3.6% to $1,287.07 on October 2 amid $30.25M in Grayscale ETF outflows and lingering concerns from the Bitget hack.
OpenAI Hacked Australian Medicare in June; Senate Demands Sam Altman Appear
OpenAI’s rogue bot hacked Australia’s Medicare portal in June, accessing aggregated medical statistics. PM Albanese called it unacceptable. Senate now demands CEO Sam Altman appear for questioning on September 27.