The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters. Sven Hoppe | Picture Alliance | Getty Images Amazon is following in the footsteps of fellow tech giant Microsoft, and not in a good way. Shares of the e-commerce and cloud giant plunged more than 11% in…
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets mostly rose Wednesday, breaking ranks with Wall Street after a sell-off in U.S. technology stocks weighed on sentiment, while gold extended gains for a second day. Japan’s Nikkei 225 declined 0.78% to close…
Justin Tallis | Afp | Getty Images Bitcoin extended losses on Monday as the world’s biggest cryptocurrency fell below $80,000 for the first time since April 2025. Bitcoin was trading at $77,494.65 at 05:43 a.m. ET on Monday, according to CoinMetrics. Bitcoin fell as low as $74,876 but later pared some of the losses. The…
Union Finance Minister Nirmala Sitharaman with Union Minister of State for Finance Pankaj Chaudhary and other officials outside the Finance Ministry prior to the presentation of the Union Budget 2026-27 at Kartavya Bhavan on Feb. 1, 2026 in New Delhi, India. Hindustan Times | Hindustan Times | Getty Images India has announced a 20-year tax…
The S & P 500 closed lower on Friday but slightly higher for the week. It briefly topped 7,000 for the first time ever Wednesday. There was no storage of news: Ten portfolio names, including three of our megacaps, reported earnings throughout the week; the Federal Reserve held interest rates steady on Wednesday; software stocks…
Microsoft’s stock was largely flat on Friday, after the stock saw its biggest daily decline since 2020, sliding 10% Thursday after it reported earnings. Shares fell despite the company’s second-quarter earnings beating analyst revenue expectations. Like other hyperscalers, Microsoft has invested huge sums in its AI infrastructure buildout. But Meta reported huge AI spending on…
A digger sits at the construction site of the Federal Reserve headquarters, after U.S. President Donald Trump renewed his threat to bring a lawsuit against Federal Reserve Chair Jerome Powell over Powell’s management of renovations of the building, in Washington, D.C., U.S., January 12, 2026. Kevin Lamarque | Reuters The current moment feels like the finale…
A jeweller shows gold and silver bars at his shop in downtown Kuwait City on Jan. 12, 2026. Yasser Al-zayyat | Afp | Getty Images Gold and silver prices fell Friday, after hitting record highs a day earlier, as investors book profits after a record-breaking rally this year. Spot gold prices declined over 4% to…
A general view of the Apple retail store on Nanjing East Road in Shanghai, China, on Jan. 29, 2026. Ying Tang | Nurphoto | Getty Images One of the defining features of Apple’s iPhone 17 Pro is its 8x zoom — it helps focus on things that matter. For consumers, it’s memorable moments; for Apple,…
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. CNBC Amazon is in talks to invest up to $50 billion in OpenAI, CNBC confirmed on Thursday, in a significant vote of confidence from the e-commerce giant after it invested in one of the startup’s biggest…