Tech stocks plummet globally amid AI spending concerns and Fed rate worries, while labor disputes intensify and major corporate deals reshape industries.

Apple closed its first unionized U.S. store in Maryland citing declining mall conditions, though the union alleges retaliation for organizing efforts, marking a significant moment in tech industry labor organizing.

SpaceX stock tumbled below its $150 IPO debut price just over a week after going public, part of a broader $600 billion global tech sell-off affecting AI-focused companies and semiconductor stocks.

The Nasdaq and S&P 500 fell to one-week lows as investors grew concerned about a more hawkish Federal Reserve stance and questioned the sustainability of massive AI spending by major technology companies.

Teamsters leader Sean M. O'Brien secured an agreement with President Trump to end court-ordered corruption monitoring, a significant shift in oversight designed to curb organized crime ties within the union.

The U.S. Senate passed the first major housing legislation since the financial crisis, a bipartisan bill that would restrict institutional investors from purchasing more than 350 single-family homes to boost affordability.

The Justice Department charged five individuals in Medicare fraud schemes involving overused wound-care treatments that cost the government $10 billion in 2024, including elaborate money laundering using shell companies and luxury purchases.

Oil tanker operators are reaping record profits as hire costs nearly doubled for vessels transiting the Strait of Hormuz following the reopening of shipping routes and increased Gulf region exports.

India announced plans to divest up to 2% of its stake in Indian Railway Finance Corp through an offer for sale, while Pakistan's Select Technologies raised Rs3.02 billion through an IPO at the Pakistan Stock Exchange.

Americans' 401(k) retirement account balances hit record levels last year, with Vanguard reporting strong workplace retirement savings growth despite broader market volatility concerns.

Meta launched new, cheaper smart glasses under its own brand as part of broader efforts to compete in the wearable technology market, while AI-driven HR platforms like Fika Jobs secured $4 million in funding for automated candidate interviewing.