Cryptocurrency markets plunged to yearly lows over the weekend, erasing nine months of gains as investors reacted to President Trump’s hawkish pick for Federal Reserve chair. Bitcoin dropped 40% from its all-time high, briefly falling below $76,000, while the total market capitalization shed over $250 billion. With critical labor market data and major corporate earnings on deck this week, the financial landscape faces a pivotal test that could determine the trajectory of both crypto and traditional markets.
about Crypto Selloff Deepens Amid Fed Hawkishness, Key Data Ahead
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CME Trading Freeze: Exchange Stocks in Focus After Glitch
A technical malfunction at the Chicago Mercantile Exchange froze futures trading for several hours on Friday, putting exchange operator stocks in the spotlight. The data center fault disrupted contracts for US indexes while premarket equity trading continued normally. Investors are closely watching CME Group, Intercontinental Exchange, and Nasdaq shares following the market infrastructure failure.
about CME Trading Freeze: Exchange Stocks in Focus After GlitchAI Bubble Fears Mount as Tech Giants Face Downgrades
Wall Street is sounding the alarm on artificial intelligence valuations as major banks warn of an impending correction. Simultaneously, a massive Cloudflare outage disrupts key online services while Home Depot’s earnings signal consumer weakness. These developments create a perfect storm of tech concerns and economic headwinds.
about AI Bubble Fears Mount as Tech Giants Face DowngradesUS Stocks Slide as Tech Sell-Off, Fed Fears Mount
US stock markets extended their losing streak as technology stocks led a broad sell-off amid fading Federal Reserve rate cut expectations. The Dow plunged over 600 points while the Nasdaq dropped 1.7% as investors reassessed valuations. Bitcoin’s volatility mirrored the risk-off sentiment sweeping through financial markets.
about US Stocks Slide as Tech Sell-Off, Fed Fears MountKraken’s xStocks Hits $10B Volume Amid Tokenized Equity Boom
The xStocks tokenized equity platform, a collaboration between Backed Finance and crypto exchange Kraken, has surpassed $10 billion in total transaction volume just four months after launch, signaling explosive growth in blockchain-based investment products. This rapid adoption comes despite ongoing regulatory uncertainty, highlighting strong market demand for tokenized versions of major stocks like Nvidia, Amazon, Tesla, and Meta Platforms across multiple blockchain networks.
about Kraken's xStocks Hits $10B Volume Amid Tokenized Equity BoomSoftBank Sells $5.8B Nvidia Stake to Fund OpenAI Investment
SoftBank Group has executed a dramatic strategic pivot, liquidating its entire $5.83 billion position in Nvidia to fuel a massive $40 billion investment in OpenAI. This marks the second time the Japanese conglomerate has completely severed ties with the AI chipmaker, signaling a decisive shift from hardware to AI software and robotics despite mounting challenges at the ChatGPT maker, including significant losses and credibility questions surrounding CEO Sam Altman.
about SoftBank Sells $5.8B Nvidia Stake to Fund OpenAI InvestmentAI Stock Bubble Bursts: Nasdaq Plunges 1.9%
US markets suffered a sharp downturn as the artificial intelligence hype bubble showed signs of cracking. Major indices plunged with tech-heavy Nasdaq leading losses, while job cuts surged to levels not seen in two decades, signaling growing investor nervousness about the sustainability of the AI-driven market rally.
about AI Stock Bubble Bursts: Nasdaq Plunges 1.9%IREN Soars on Microsoft AI Deal, Bernstein Ups Target to $125
Australian Bitcoin miner IREN has secured a transformative $9.7 billion cloud services agreement with Microsoft, triggering a significant stock upgrade from Bernstein analysts who nearly doubled their price target to $125. The five-year deal, which will provide Microsoft access to Nvidia’s advanced GB300 GPUs, underscores how cryptocurrency miners are leveraging their substantial power infrastructure to capitalize on the booming artificial intelligence sector, marking a strategic pivot that could redefine their business models.
about IREN Soars on Microsoft AI Deal, Bernstein Ups Target to $125Amazon’s $38B OpenAI Deal, Trump Tariffs & eVOTL Updates
Bloomberg Businessweek Daily covers major tech and policy developments shaping markets today. Amazon’s massive $38 billion deal with OpenAI for Nvidia chips headlines the episode, while political and regulatory updates create additional market-moving headlines.
about Amazon's $38B OpenAI Deal, Trump Tariffs & eVOTL UpdatesTech Stocks Rally on Amazon’s $38B OpenAI Deal
Technology stocks surged on Monday as Amazon’s massive $38 billion partnership with OpenAI ignited the artificial intelligence sector, pushing the S&P 500 toward 6,860 and the Magnificent Seven index up 1.5%. The landmark deal fueled what investment expert Meb Faber of Cambria Investment Management described as “as good as it gets for stocks” during an appearance on Bloomberg ETF IQ, though he noted persistent investor caution regarding international opportunities despite strong performance outside the U.S.
about Tech Stocks Rally on Amazon's $38B OpenAI DealIREN’s $9.7B Microsoft Deal Fuels AI Compute Rush
Former Bitcoin miner IREN has secured a massive $9.7 billion deal with Microsoft, sending its stock soaring nearly 21% as the AI compute race intensifies. The agreement gives Microsoft access to Nvidia’s cutting-edge GB300 GPUs and marks the latest in a series of partnerships between tech giants and crypto infrastructure providers pivoting to artificial intelligence workloads. This landmark deal validates the strategic repositioning of companies that once focused exclusively on cryptocurrency mining toward the booming AI cloud computing sector.
about IREN's $9.7B Microsoft Deal Fuels AI Compute RushM&A Surge: Kimberly-Clark Buys Kenvue, Tech Giants Boost AI
Major consolidation is sweeping through consumer products and technology sectors as companies position for future growth. Kimberly-Clark’s acquisition of Tylenol-maker Kenvue creates a consumer goods powerhouse, while tech giants aggressively expand their AI capabilities through strategic partnerships and investments. The surge in corporate dealmaking comes as PIMCO President Christian Stracke provides critical analysis of the evolving credit market landscape, highlighting both opportunities and risks in this dynamic environment.
about M&A Surge: Kimberly-Clark Buys Kenvue, Tech Giants Boost AI