Economy
A relentless sell-off in technology stocks showed no signs of easing Wednesday as investors dumped software company shares over growing concerns that artificial intelligence will upend their business models. Sparked by Anthropic's launch of Claude Cowork AI plugins on January 30, the rout has now......
Gold prices dropped sharply on Thursday after briefly surpassing $5,000 per ounce, as a phone call between U.S. President Donald Trump and Chinese President Xi Jinping calmed international tensions and diminished demand for the metal as a safe-haven asset. This decline caps a wildly volatile period......
Oil prices rebounded Tuesday after Monday's volatile session as traders assessed a historic US-India trade agreement potentially reshaping global energy flows and squeezing Russian oil revenues. Brent crude futures climbed nearly 2 percent, recovering from a 4 percent drop the previous day, while......
Cathie Wood, CEO of ARK Invest, is advising investors to abandon gold in favor of Bitcoin. She argues that the precious metal has reached extreme valuation levels not seen since the Great Depression. In a recent podcast appearance, Wood stated that as an aggressive investor, she would "consider......
Shares in Chinese solar companies soared after reports emerged of a team representing Elon Musk visiting major players, including sector leader Jinko Solar. State-backed Chinese media, including 21st Century Business Herald and Sina Finance, detailed the trips on Tuesday. They came days after Musk outlined......
U.S. Secretary of State Marco Rubio met with India's External Affairs Minister S. Jaishankar in Washington on Tuesday to celebrate a new trade agreement slashing American tariffs on Indian goods and expanding cooperation on critical minerals and energy security. The State Department talks followed......
Asian stock markets showed mixed results on Wednesday as investors processed a fresh pullback in U.S. technology stocks. Demand for safe-haven assets lifted gold prices, while escalating geopolitical strains boosted oil. Japan's Nikkei 225 index fell back after a strong gain the previous day. Analysts......
Bitcoin extended its sharp early 2026 decline this week as Michael Burry, famed for betting against subprime mortgages before the 2008 crisis, cautioned that breaching key price thresholds could spark forced selling across the heavily leveraged crypto market. In a February 2 Substack post, Burry described......
Stephen Miran, a former governor of the U.S. Federal Reserve, has resigned from his position as an economic adviser to former President Donald Trump, the White House confirmed on Tuesday. The decision follows the end of an arrangement that had drawn criticism over potential conflicts of interest between......
Bitcoin tumbled below $75,000 over the February 1-2, 2026 weekend, hitting its lowest level since April 2025 in a brutal sell-off that triggered over $2 billion in liquidations. The drop briefly pushed the world's largest institutional Bitcoin holder into nearly $1 billion in unrealized losses. The......
Libya stands at the threshold of rapid energy expansion, fueled by surging investor confidence, fresh licensing rounds and bolstered international alliances. The 2026 Libya Energy & Economic Summit (LEES) captured this shift vividly, with high-stakes roundtables featuring the United States, France,......
A massive sell-off swept global commodity markets on February 2, 2026, hammering gold, silver, oil, and industrial metals as investors reacted to President Donald Trump's nomination of Kevin Warsh as the next Federal Reserve chair. The rout rippled through stock markets worldwide, with Asian exchanges......
Asian stock markets surged Tuesday as investors welcomed two key developments boosting economic outlooks: Australia's central bank raising interest rates for the first time in two years and a fresh US-India trade agreement. Japan's Nikkei 225 jumped over 3%, hitting record highs. South Korea's......
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