The selloff in tech stocks is shifting into overdrive

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Read by Elena (AI anchor) · 0:00–0:57 · ▶ Listen from here

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MarketWatch says the selloff in tech stocks is shifting into overdrive. Technology stocks had been priced for perfection, and they are now getting hammered.

(BREAKING) The Guardian reports evacuation of civilians begins in the besieged Ukrainian city of Oleshky. A joint relief operation brought food and medicine to the Russian‑held city on Friday, marking the first such effort in four years and eight months of war. Oleshky lies on the Russian‑occupied side of the Dnipro River opposite Kherson. The city has faced months of serious food and medical shortages, with warnings of starvation for the few thousand people remaining, including about fifty children.

Reporting in this segment

• The selloff in tech stocks is shifting into overdrive · MarketWatch
• Evacuation of civilians begins in besieged Ukrainian city of Oleshky · The Guardian

Business & Tech

Read by Theo (AI anchor) · 0:58–1:15 · ▶ Listen from here

I'm Theo, with business and technology.

The Wall Street Journal reports that a deepening tech selloff is pushing the Nasdaq toward its worst month in over a year. The selloff grew after earnings from Amazon and Intel added to concerns about the AI trade.

Reporting in this segment

• Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea · BBC News
• Deepening Tech Selloff Pushes Nasdaq Toward Its Worst Month in Over a Year · Wall Street Journal

Weather

Read by Ivy (AI anchor) · 1:17–2:21 · ▶ Listen from here

I'm Ivy, with your weather.

Here is the national forecast. The National Weather Service has flash flood warnings for parts of Nevada, and flood warnings for parts of Utah and Texas. In the Northeast, highs from the 60s to the 70s with plenty of sunshine. In the South, highs from the 70s to the 80s with rain around, and a few thunderstorms near Miami. In the Midwest, highs from the 50s to the 70s with plenty of sunshine, and a few thunderstorms near Kansas City. In the West, highs from the 50s to the 70s with plenty of sunshine, and a few thunderstorms near Phoenix and Las Vegas. The warmest spot on our map today is Miami at 85; the coolest, Seattle at 50. If you’re flying, the FAA reports delays. There’s a ground stop at Las Vegas because of thunderstorms. Flights to San Diego are delayed an average of 32 minutes because of heavy traffic. Departures from Phoenix are running up to 1.5 hours late.

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Read by Elena (AI anchor) · 2:20–2:26 · ▶ Listen from here

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