CRYPTOCURRENCY
Bitcoin falls below $72,000 as market faces a ‘crisis of faith’
Bitcoin fell as low as $71,739 late Wednesday in New York. That’s the weakest level since Nov. 6, 2024, the day after Donald Trump was re-elected US president.
WORLD
Asian stocks to fall as tech-led drop gains pace
The Nasdaq 100 saw its worst two-day rout since October, breaching its 100-day moving average, a level seen by some technical analysts as a harbinger for more losses.
WORLD
Trump says he’ll stay out of the corporate fight over Warner Bros.
The president’s comments Wednesday mark a shift from past remarks in which he has said that he would be personally involved in reviewing any merger involving Warner Bros.
BUSINESS
Gold rises for a third day in recovery from historic market rout
At Wednesday’s close, the metal was down 11% from an all-time high hit on Jan. 29 but was still up 15% for the year. Silver also advanced, crossing $90 an ounce.
BUSINESS
EU unfreezes US trade deal after Trump’s Greenland u-turn
If the deal gets committee sign off, it would then face a full Parliament vote.
BUSINESS
Wall street rides stock rotation as tech slides: Markets wrap
While most shares in the S&P 500 rose after solid US services data, the index barely budged. Software firms were caught in another wave of selling as investors worried about risks from better artificial-intelligence tools.
BUSINESS
Google parent Alphabet plans massive India push as Trump visa curbs bite
Google’s parent company has leased one office tower and purchased options on two others in Alembic City, a development in the Whitefield tech corridor, totaling 2.4 million square feet, according to people familiar with the deal.
BUSINESS
Nvidia nears deal to invest $20 billion in OpenAI round
Nvidia and OpenAI have been linchpins of the AI boom, but their relationship has come under new scrutiny in recent days amid reports of tensions between the two firms.
BUSINESS
Bitcoin drops to lowest price since Trump’s election victory
The largest cryptocurrency extended its almost four-month slide, falling below $74,424.95, the lowest price of 2025.
BUSINESS
Asian stocks fall, following US tech-led selloff
The tech-heavy Nasdaq 100 Index fell 1.6%, trimming a drop of as much as 2.4%. Bitcoin fell for a second day.
WORLD
US-flagged oil tanker hailed by small armed ships in Hormuz Stena Imperative
Iranian media said the country’s naval forces warned a vessel to leave Iranian territorial waters after failing to produce the necessary legal documents.
BUSINESS
Abu Dhabi builds a new deal machine around its Crown Prince
Some said the recent changes offered a glimpse into the evolving power structures in Abu Dhabi, which bankers and investors the world over have increasingly tapped to bankroll deals.
WORLD
Pakistan faces production crunch as global demand for China-backed JF-17 jets surges
Pakistan’s JF-17 fighter jets see rising global demand, challenging production capacity and signaling a major step in its defense exports.
BUSINESS
Disney taps parks chief Josh D’Amaro to succeed Bob Iger as CEO
D’Amaro, a 28-year-veteran of Disney, will succeed Iger effective March 18, the Burbank, California-based company said Tuesday in a statement.
BUSINESS
Gold claws back some ground after dramatic unwinding of rally
Spot gold climbed as much as 4.2% to over $4,855 an ounce, after falling 4.8% in the previous session
BUSINESS
US trade deal win may spark foreign buying rush in Indian stocks
The move is widely seen by fund managers as a catalyst for global investors to return to Indian equities, which logged their worst January since 2016, while also offering support to a rupee that has slid to a series of record lows.
BUSINESS
Asian stocks climb with metals as volatility eases
Stocks in South Korea — a poster child for artificial intelligence and one of the world’s best-performing markets this year — recovered after plummeting 5.3% on Monday.
BUSINESS
Musk’s SpaceX combines with xAI at $1.25 trillion valuation
The deal gives SpaceX a valuation of $1 trillion, and xAI a value of $250 billion, people familiar with the matter said.
BUSINESS
Gold plunge deepens as traders unwind ‘crowded’ bets on rally
Spot gold fell as much as 10% on Monday and is now down almost a fifth from an all-time high reached in the last-but-one session
BUSINESS
Temasek, LIC are said to plan share sales in NSE IPO
State Bank of India Ltd. and SBI Capital Markets Ltd. are also likely to participate as sellers in the long-awaited IPO
WORLD
South Korea’s world-beating stock rally stumbles as risk-off wave hits
The Kospi tumbled as much as 5.6%, the most since November, and a slide in futures triggered a halt in program trading on the benchmark index
BUSINESS
Bitcoin flirts with lowest price since Trump’s return to office
Bitcoin fell as much as 2.5% to $74,541, just shy of its lowest level seen since Donald Trump retook the White House a little more than a year ago
COMMODITIES
Copper slump deepens as traders wait for China bulls to step in
January was the busiest month ever for metals trading on the Shanghai Futures Exchange, and copper volumes surged on Friday to a record amid the sharp selloff.
WORLD
Kevin Warsh’s return revives tensions over Fed’s $6.6 trillion QE hangover
Warsh has repeatedly and loudly blasted his old colleagues over the years for letting the bank’s assets balloon, prompting speculation in markets that he could move quickly to have them drawn down
