Author: Imran Malik

Wall Street slid as Alphabet’s massive AI spending plan and Qualcomm’s weak outlook shook investor confidence, dragging tech and software stocks lower while traders awaited Amazon earnings and Nvidia results. WEBDESK – Act Global Media U.S. stocks slipped Thursday as investors reassessed the booming artificial intelligence trade after Google parent Alphabet unveiled aggressive spending plans and Qualcomm issued a weak outlook, triggering a sell-off in technology and software shares. The S&P 500 hovered near a two-week low while the Nasdaq Composite fell to its weakest level in more than two months. The Dow Jones Industrial Average also declined, reflecting broad…

Brad Pitt and Jennifer Aniston are reportedly on friendly terms and open to acting together again, years after their 2005 divorce that once dominated Hollywood headlines worldwide. WEBDESK – Act Global Media More than two decades after their high-profile split, Brad Pitt and Jennifer Aniston are reportedly on friendly terms and open to appearing in a film together, according to entertainment industry insiders. The former couple divorced in 2005 following intense tabloid scrutiny tied to Pitt’s relationship with Angelina Jolie after they met on the set of Mr. & Mrs. Smith. The breakup dominated celebrity headlines for years and was…

The Washington Post cuts over 300 journalists, shrinking sports, metro, and foreign coverage as declining revenue forces a major newsroom overhaul, sparking backlash and fresh concerns about the U.S. media’s future. WEBDESK – Act Global Media The Washington Post said Wednesday it is cutting more than 300 journalists — about one-third of its newsroom — in a sweeping restructuring that dramatically reduces coverage across sports, metro, international reporting, and podcasts. A spokesperson called the move “difficult but decisive actions” aimed at securing the newspaper’s future as the media industry faces declining advertising revenue and rising costs. The 150-year-old publication, owned…

A US Republican lawmaker proposes a 25-year ban on immigration from Somalia, reviving Trump-era restrictions and sparking debate over national security, discrimination concerns, and the future of immigration policy. WEBDESK – Act Global Media US Republican Brandon Gill, a Republican from Texas, has introduced legislation that would suspend most immigration from Somalia to the United States for 25 years, codifying restrictions previously pursued through executive action during the administration of Donald Trump. The proposed Somalia Immigration Moratorium Act would amend the Immigration and Nationality Act to block Somali nationals from receiving visas or any immigration status for a quarter century…

Venezuela told China that its oil prices will be set by global markets, not U.S. pressure, as Caracas seeks to reassure investors amid sanctions uncertainty and renewed geopolitical tensions. WEBDESK – Act Global Media Venezuela has told China that its oil pricing will follow international markets and not be dictated by the United States, as Caracas seeks to reassure investors after high tensions over control of the country’s oil sector. At a press briefing in Beijing on Tuesday, Venezuelan Ambassador to China Remigio Ceballos pushed back against reports that Washington could influence the price China pays for Venezuelan crude. He…

Federal agents are investigating a suspected biolab discovered inside a Las Vegas home, linked to a man charged in a previous illegal California lab case, as authorities test hundreds of seized samples. WEBDESK – Act Global Media Federal and local authorities are investigating a suspected biolaboratory discovered inside a Las Vegas home, an operation officials say is linked to the owner of an unauthorized biolab uncovered in California in 2023. SWAT officers executed a search warrant at the residence on the city’s east side on Saturday after receiving a tip, according to the Las Vegas Metropolitan Police Department. One person…

Giannis Antetokounmpo has reportedly placed the Minnesota Timberwolves at the top of his trade wish list, fueling intense deadline talks and raising the possibility of a blockbuster NBA move. WEBDESK – MediaBites The NBA trade market is bracing for a potential seismic shift, with Giannis Antetokounmpo placing the Minnesota Timberwolves at the top of his preferred trade destinations ahead of Thursday’s deadline, league sources told ClutchPoints. As uncertainty swirls around the Milwaukee Bucks and whether they will move their two-time MVP, multiple sources say Antetokounmpo is highly intrigued by the prospect of teaming up with rising superstar Anthony Edwards in…

Costco kicks off February 2026 with weekly discounts on big-screen TVs, Super Bowl party food, and household essentials, giving shoppers a timely chance to save before game day. WEBDESK – Act Global Media With February underway and the Super Bowl just days away, Costco has rolled out a fresh round of weekly discounts aimed at helping families stock up without stretching their budgets. The retailer’s new Weekly Insider coupons took effect on February 2 and will run through February 8, overlapping with the February 2026 Coupon Book and giving shoppers double opportunities to save. While most deals expire on Sunday,…

French cybercrime prosecutors raided X’s Paris offices as part of an expanding investigation into alleged algorithm manipulation, illicit data practices and the platform’s possible role in spreading illegal content. WEBDESK – Act Global Media The cybercrime unit of the Paris prosecutor’s office raided the French offices of X on Tuesday as part of a widening investigation into alleged algorithm manipulation, illicit data extraction and the spread of illegal content on the platform. French prosecutors said the search was carried out with the support of the national cybercrime police unit and Europol, marking a significant escalation in an inquiry first opened…

Miley Cyrus’ engagement timing has reignited speculation about lingering feelings for ex-husband Liam Hemsworth, with insiders claiming the pop star may be eager to outshine his upcoming wedding. WEBDESK – Act Global Media Speculation is swirling around Miley Cyrus as insiders suggest the pop star may be quietly plotting to steal the spotlight from her former husband, Liam Hemsworth, amid parallel engagement news and talk of possible weddings in 2026. Cyrus, who was married to Hemsworth from December 2018 until their split in February 2020, is now reportedly engaged to longtime partner Maxx Morando, following his proposal in December after…