U.S. stocks fall sharply as investors punish companies seen as losers from AI - BNN Bloomberg

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. U. S. futures are mostly lower as artificial-intelligence stocks come under pressure again and oil prices rose amid sporadic fighting in the Middle East. Futures for the S&P 500 fell 0.1 per cent on Tuesday, while those for the Nasdaq declined 0.5 per cent. Futures for the Dow Jones Industrial Average gained 0.2 per cent. Shares of South Korea’s AI company Elice Group tumbled 30 per cent on its market debut with investors seemingly wary of the debt being taken on by companies in the sector, with a recent tech selloff gaining momentum again. AI companies perceived as vulnerable because of start-up costs, like CoreWeave in the U. S., are being targeted. Shares of CoreWeave, down 30 per cent this month on such fears, tumbled 4.5 per cent before the market opened. Anxiety over debt in the sector is being fanned due to inflation and rising odds that the U. S. Federal Reserve will hike borrowing costs for a second time this year to cool spending and borrowing. Benchmark U. S. crude jumped two per cent to US$100.55 a barrel.

A twisted fever for vengeance gripped Luciano Mariani. He planned to kill his former girlfriend after she had an abortion. In August, 2021, he bought a baseball bat at a Value Village in Vancouver and travelled to Vancouver Island. According to court records, Mr. Mariani stalked Caroline Bernard’s home in the hours before dawn. In previous weeks, he had scoped out details of his plan online. His searches included “what to do if you believe an eye for an eye and your child was killed” and “time needed to kill someone with a baseball bat.”He broke through a sliding glass door at Ms. Bernard’s home a little after 4 a.m. He beat her to death in her bed. Her four-year-old daughter was there beside her. Ms. Bernard was 41. British Columbia is considering bringing back the faint-hope clause for first-degree murder, which would allow convicted murderers the chance to apply for early parole after 15 years instead of 25. The Globe and MailTwo years later, the 45-year-old Mr. Mariani pleaded guilty to first-degree murder.