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Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports
<p>Big tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enough</p><p>A sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the decline has knocked nearly $1tn in value off the tech-heavy Nasdaq exchange in one week and erased about $2tn in a month.</p><p>The S&P 500, the index of the 500 most valuable companies in the US, fell by more than 1% Friday, losing hundreds of billions of dollars in market value. It was on track to erase its gain for October, even though it set its all-time high during the same month. The weakness for technology stocks dragged the Nasdaq composite down even further, more than 3%, also erasing hundreds of billions in value. The Down Jones Industrial Average fell less.</p> <a href="https://www.theguardian.com/technology/2026/oct/30/tech-stocks-drop-earnings-report">Continue reading...</a>
GB Oct 30, 2026The Guardian World World03
Florida prosecutors drop felony charge against Rick Ross in domestic violence case
<p>Miami-Dade officials drop charge of battery by strangulation against rapper due to ‘insufficient evidence’</p><p><a href="https://www.theguardian.com/us-news/florida">Florida</a> prosecutors on Thursday dropped a felony charge against rapper Rick Ross nearly a month after he was <a href="https://www.theguardian.com/music/2026/oct/01/rick-ross-arrest-miami-battery-strangulation">arrested</a> in Miami Beach when a woman he was living with told police he hit her, court records said.</p><p>The Miami-Dade state attorney’s office filed paperwork on Thursday to drop a felony charge of battery by strangulation because of “insufficient evidence”. Ross, whose legal name is William Roberts II, still faces a misdemeanor charge of battery domestic violence.</p> <a href="https://www.theguardian.com/us-news/2026/oct/30/rick-ross-felony-charge-dropped-domestic-violence">Continue reading...</a>
GB Oct 30, 2026The Guardian World World04
Local devolution decisions rest solely with Scotland and Wales, first ministers tell Burnham
<p>John Swinney and Rhun ap Iorwerth say devolving power further is up to Holyrood and Senedd – not Westminster</p><p>Scotland and Wales’s first ministers have told Andy Burnham that decisions on local devolution rest solely with their parliaments, in response to the prime minister’s push to extend English-style regional powers across the UK.</p><p>After talks in Glasgow with John Swinney and Rhun ap Iorwerth about localised employment and reindustrialisation powers, Downing Street characterised the talks as constructive.</p> <a href="https://www.theguardian.com/politics/2026/oct/30/local-devolution-decisions-scotland-wales-first-ministers-tell-burnham">Continue reading...</a>
GB Oct 30, 2026The Guardian World