Latest Finance News Headlines

Market Performance & Tech Sector

• Falling tech stocks and a plunge for Bitcoin hit Wall Street, with a sharp drop for Google's parent company yanking the U.S. stock market lower.
• Major indices closed sharply lower on Thursday as market participants assumed a more conservative position, with tech names and cryptocurrency losses accelerating.
• More drops for technology stocks weighed on Wall Street yesterday.
• European shares opened lower due to concerns over the level of investment tech companies are spending on artificial intelligence on top of already high valuations.
• Asia-Pacific equity markets fell broadly on Thursday, led by sharp losses in South Korea, as a deepening technology sell-off on Wall Street weighed on regional sentiment.
• Nvidia CEO stated that the software selloff is "most illogical thing in the world".
• Traders are dumping software stocks as AI fears erupt.

Cryptocurrency & Commodities

• Bitcoin falls below $70,000 as the market faces a 'crisis of faith'.
• Silver plummeted again as a 17% slide overturned a two-day recovery.
• Oil is steady as traders focus on US-Iran discussions later today.

Company & Business News

• US companies announced the most job cuts for any January since 2009.
• Shell's profit missed expectations due to lower crude prices and rocky oil trading.
• Boeing plans to cut about 300 defense supply-chain jobs.
• Barrick is set to spin off North American gold assets through an IPO.
• Goldman and Blackstone will fund a $976 million loan for a pharma buyout.
• SpaceX is opening an IPO pitching to non-US banks.
• Sasol's profit plunged due to an oil-price drop and a R7.8 billion writedown.
• ArcelorMittal SA slashed losses in a tough 2025.
• BYD extended its German car sales lead over Tesla with a 1,000% surge.

Economic & Policy News

• The US government plans a new mining house to tap Africa's copperbelt.
• The Bank of England left interest rates unchanged.
• BOJ Board Member adds to signals pointing to interest rate hikes.
• South Africa is set to raise the minimum wage by 5%, exceeding expectations.
• South Africa secured a R175 billion loan package from Afreximbank.
• India's budget boosts infrastructure spending while vowing fiscal discipline.