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E.U. Prepares Major Penalties Against Elon Musk’s X

European Union regulators are preparing major penalties against Elon Musk’s social media platform X for breaking a landmark law to combat illicit content and disinformation, said four people with knowledge of the plans, a move that is likely to ratchet up tensions with the United States by targeting one of President Trump’s closest advisers. The…

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Global markets today: US stock market crashes; S&P 500 sheds $2.4 trillion as Trump’s tariffs stoke recession fears

US stock market slumped on Thursday, with the Wall Street benchmark indices ending with the largest single-day percentage losses since 2020, after US President Donald Trump’s sweeping trade tariffs stoked fears of an all-out trade war and fears of a global economic recession. The Dow Jones Industrial Average crashed 1,679.39 points, or 3.98%, to 40,545.93,…

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