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AI stocks gather more strength, even as Brent oil’s price nears $92

NEW YORK — More gains for makers of computer chips and other winners of the artificial-intelligence boom are carrying Wall Street higher on Tuesday. The S&P 500 climbed 0.9%. The Dow Jones Industrial Average was up 480 points, or 0.9%, as of 1:12 p.m. Eastern time, and the Nasdaq composite was 1.4% higher. AI stocks once again were at the center of the action, and they rose for a second straight day after tumbling the week before. After rocketing higher because of the boom in investment in AI chips and data centers, they've come under pressure in recent weeks on worries that they ...

Officials sought phone records of NYT journalists and their relatives in an effort to unmask sources

WASHINGTON — President Donald Trump's administration sought phone records of several New York Times journalists and even those of some of their relatives, according to a motion unsealed Monday — an unusually aggressive attempt to unmask the confidential sources of reporters who wrote about Trump's Qatari-gifted Air Force One jet. The push by the Republican president's administration to compel the identity of sources in the form of additional subpoenas comes at a time when the executive branch's relationship with the press is increasingly contentious. The efforts, described in a ...

US suspends funding for US Virgin Islands’ housing authority and accuses it of corruption

SAN JUAN, Puerto Rico — The U.S. government announced Monday it suspended funding for the U.S. Virgin Islands' housing authority after an investigation found widespread corruption, as residents still struggle to recover from two major hurricanes that hit nearly a decade ago. U.S. Housing Secretary Scott Turner said that nine years after the U.S. territory received $1.9 billion in disaster recovery funding, it has spent only $570 million, less than a third of the funds. He noted that a HUD investigation found "widespread financial mismanagement, inadequate fraud controls, false ...

Polymarket is in a high-stakes race to win back trust as it recommits to the US market

NEW YORK — After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public. To do so, the company is trying to convince policymakers, regulators, the public and prospective customers that the business it is building onshore is a more disciplined operation than the freewheeling offshore exchange that has at times been the subject of unfavorable headlines. Polymarket has hired social media influencers to produce viral marketing on TikTok and other platforms. Its account on X, formerly known ...