Alphabet's market value plummeted by $500 billion, marking one of the steepest single-day drops in the tech giant's history. The decline came amid growing investor concerns over regulatory pressures and slowing ad revenue growth.
Meanwhile, the Department of Justice expanded its criminal investigation into the Alaska Senate race, signaling heightened scrutiny around electoral integrity. The probe now includes additional evidence and witness interviews.
On another front, the U.S. national debt reached 100% of GDP, a milestone that underscores the long-term fiscal challenges facing the federal government. Economists warn that rising debt levels could impact future spending and interest rate policies.
These developments reflect a broader market sentiment driven by regulatory uncertainty, political tensions, and fiscal concerns.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing