News
New York rattled by 4.8 magnitude earthquake
A rare earthquake measuring magnitude-4.8 struck the Northeast on Friday morning, causing tremors felt from Maine to Virginia.
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A magnitude-4.8 earthquake struck the Northeast, rattling residents from Maine to Virginia but causing no major damage or injuries, according to the US Geological Survey.
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The quake, centered in Whitehouse Station, N.J., startled many unaccustomed to tremors in the region, leading to brief disruptions in transportation and infrastructure operations.
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Despite its rarity, the event prompted swift responses from officials, including President Biden, who offered assistance to affected areas, while residents and authorities remain vigilant for potential gas leaks or building damage.
Magnitude 4.8 earthquake hits New York City region | Reuters
The epicenter of the quake was located in Whitehouse Station, N.J., approximately 40 miles west of New York City, and occurred around 10:23 a.m. ET.
The event surprised residents unaccustomed to such occurrences, but the relatively minor nature of the quake, lasting only several seconds, led to a swift return to normalcy once the shaking subsided.
New York City Mayor Eric Adams acknowledged the potential trauma of such events, stating, “Earthquakes don’t happen every day in New York. So this can be extremely traumatic.”
Although the quake was the largest in the region since 2011, no significant damage was reported.
However, the USGS recorded several aftershocks, with magnitudes up to 2.2, in the hours following the initial event.
The skyline is seen in Manhattan, New York City, U.S.
Entirely unexpected
Seismologist Paul Earle explained that while earthquakes in the Northeast are uncommon, they are not entirely unexpected.
He noted that due to the harder rock and unique geological conditions of the East Coast, seismic waves can travel further, resulting in tremors felt across a wider area compared to similar-sized quakes on the West Coast.
Despite its relatively minor impact, the earthquake briefly disrupted transportation and infrastructure operations.
The Federal Aviation Administration temporarily halted departures at some airports, and Amtrak and NJ Transit trains experienced delays as tracks and bridges were inspected.
President Biden has been briefed on the earthquake and offered assistance to affected areas.
The last significant earthquake to affect the region was in 2011 in Virginia, with a magnitude-5.9 quake felt across multiple states.
As residents and officials assess the aftermath, attention is focused on potential gas leaks and building damage.
The Empire State Building, a New York City landmark, humorously reassured the public with a tweet: “I AM FINE.”
News
AI stocks surge amid market shifts and spending warnings
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
The artificial intelligence sector continues to be a major driver of growth for both the U.S. and global economies. Companies at the forefront of AI innovation are influencing market trends and reshaping industries worldwide.
Meta’s stock has rebounded slightly following reports of potential cost-cutting measures and job reductions in its Reality Labs division. Investors are watching closely as the company adjusts its strategy to manage rising expenses and optimize innovation.
Palantir is trading at over 120 times forward sales and 180 times forward earnings, signaling investor confidence but also raising questions about valuation risks. Meanwhile, Nvidia maintains a market cap of $4.2 trillion as a leading AI chip supplier, yet competition is ramping up.
These moves highlight the growing tension between tech giants’ AI ambitions and the practical need to balance profits with heavy R&D spending.
Some analysts, however, warn that rapid growth may not be sustainable, with current levels of AI-related spending potentially overshooting realistic returns.
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#AIStocks #TechInvesting #Nvidia #Meta #Palantir #ArtificialIntelligence #StockMarket #TickerNews
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AI investments set to surge in 2026 as companies target productivity gains
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts predict that artificial intelligence companies could invest over $500 billion in 2026, signaling a major shift in corporate spending priorities. This surge in capital allocation comes as businesses look to harness AI to drive growth and efficiency across multiple sectors.
Following strong third-quarter earnings, overall capital spending estimates for 2026 have been revised upward. However, investors are becoming more selective, focusing on companies that can clearly demonstrate revenue benefits from their AI investments, separating hype from tangible results.
AI adoption is expected to boost economic productivity, with significant investment already flowing into AI infrastructure such as semiconductors and data centres. The coming year could redefine how companies leverage technology to gain a competitive edge.
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#AIInvestment #TechGrowth #FutureEconomy #DataCenters #Semiconductors #ArtificialIntelligence #ProductivityBoost #CapitalSpending
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Stocks, AI and the economy: What to expect in 2026
2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!
2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!
2025 has been a rollercoaster for investors, with AI hype, tariffs, and global politics shaking up markets. We break down what these trends mean for your portfolio and the risks ahead.
Joining us for insights is Kyle Rodda from Capital.com, who explains how Treasury yields, unemployment data, and inflation readings are shaping investor sentiment. We also dive into what the Federal Reserve’s recent moves could mean for 2026.
From the potential impact of a 43-day government shutdown to payroll numbers and market expectations, this episode gives you the clarity you need to navigate the next year in stocks.
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