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Reddit stock plunges 29% after weak outlook, wrapping its worst day ever
Reddit shares fell 29.22% following the company’s projection of weak fourth-quarter sales, marking the social media platform’s worst trading day since its 2024 public debut.
Vienna Open: Alexander Zverev thrashes Arthur Fery to reach Vienna Open semis
Alexander Zverev defeated Arthur Fery 6-0 6-2 in the Vienna Open quarter-finals, advancing to the semi-finals as he prepares to become world number one.
Gunmen kill at least 10 villagers and loot shops in north-east Nigeria
Unknown gunmen raided a village in north-eastern Nigeria, killing at least 10 people according to police, though eyewitnesses and aid groups report significantly higher tolls.
Independent candidates sense a moment in the West. Democrats are hoping they’re right
Independent candidates are running for Senate in multiple Trump-won states, with Democrats strategically supporting some in hopes of gaining seats while their party brand remains weak in those regions.
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Deadly overnight storms batter Germany, killing a woman and injuring at least 2
A woman was killed by a falling tree during severe overnight storms across Germany, with at least two others injured and extensive damage reported in multiple regions.
Privacy advocates call on Maryland to investigate data brokers
Privacy advocates filed a consumer complaint asking Maryland’s attorney general to investigate data brokers accused of selling residents’ location data to federal immigration authorities in violation of state privacy law.
Bodies of 2 hikers missing for decades in Swiss Alps turn up as glacier melts
Two Belgian mountaineers missing since 1992 have been identified after their remains emerged from a melting Swiss glacier, officials announced Wednesday.
States expand student loan options as new federal borrowing caps take effect — but they come with trade-offs
States are expanding student loan programs as new federal borrowing caps take effect, but experts caution that state loans function more like private credit products and carry significant trade-offs compared to federal options.
Inheriting a home can leave siblings with financial headaches — how to avoid costly mistakes
Siblings inheriting a home together face complex financial decisions involving property taxes, insurance, maintenance and potential capital gains taxes, requiring clear communication and planning.
K-shaped economy shows up in housing: Luxury sales rise as starter-home buyers struggle
Luxury home sales are rising while starter-home sales fall despite increased availability, reflecting a K-shaped economy where high earners gain wealth while lower-income buyers struggle with affordability.
‘The market is dead’: why aren’t flats in England selling?
England’s flat market is struggling as leasehold concerns, pricing mismatches, and stricter mortgage lending rules deter buyers, with most flats remaining unsold within six months across major regions.
British energy bills forecast to hit three-year high this winter
British household energy bills are forecast to reach a three-year high this winter as Middle East tensions push wholesale prices upward, offsetting the government’s planned VAT reduction on electricity.
Treasury, IRS move to restrict refundable tax credits to certain immigrants
The Treasury Department and IRS proposed rules restricting refundable tax credits for certain immigrants, potentially affecting millions of lower-income earners including asylum applicants and DACA recipients.
Restaurant Brands International earnings beat as Burger King’s U.S. business soars
Restaurant Brands International reported second-quarter earnings that beat analyst expectations, driven by strong Burger King performance in the U.S. and internationally, though shares fell as other chains struggled.
Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery reported streaming revenue surpassed $3 billion in its second quarter, up 10% year-over-year, as the company faces scrutiny over its proposed merger with Paramount Skydance.
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China
Nvidia’s $500 billion data center financing plan assumes its AI chips retain value like real estate, but analysts warn rapid depreciation and potential Chinese competition pose significant risks to the arrangement.