Magnificent 7 stocks shed hundreds of billions amid AI spending fears

Shares in the Magnificent 7 tech stocks have slumped this week amid investors’ concerns about massive spending by hyperscalers on artificial intelligence infrastructure amid uncertainty about the global economy due to the resumption of hostilities in the Iran war. The so-called Magnificent Seven tech stocks experienced their biggest one-day drop…

WATCH: Scalise serves up Olive Garden reality check for Democrats in voter ID fight

NEWYou can now listen to Fox News articles! House Majority Leader Steve Scalise, R-La., is comparing the lack of a federal voter ID law to an identification requirement at one of America’s most well-known chain restaurants.”If you want to go buy unlimited pasta at the Olive Garden, they said you have to show your ID,” Scalise told Fox News Digital in an interview earlier this week.He also pointed out that the 2024 Democratic National Convention…

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EU Widens Belarus Crypto Ownership Ban Under MiCA

The European Union will prohibit Belarusian nationals and residents from owning, controlling or managing crypto exchanges and other crypto service providers regulated under the Markets in Crypto-Assets (MiCA) framework starting Aug. 25. The measure appears in Council Decision (CFSP) 2026/1847, adopted Thursday to amend the EU’s sanctions framework targeting Belarus over…

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