Dow surges 1,200 points for first close above 50,000 in sharp rebound from tech rout: Live updates
Friday’s rebound followed several days of heavy selling in the tech sector.
Asia markets mostly fall, tracking Wall Street losses on tech rout
Most markets in Asia were in negative territory, with Australia leading losses.
Roblox shares rocket on earnings beat, strong forecast
Roblox shares surged as much as 20% in extended trading Thursday after the company reported results for the fourth fiscal quarter that beat consensus estimates.
Is the AI bubble popping itself? Software’s break from the tech stock boom raises concerns
Many investors expect the sell-off has gone too far, saying agentic AI is unable to meaningfully hurt incumbents in the sector.
Warren to call for reversal of Trump’s UAE chip sales after ‘Spy Sheikh’ revelations
President Donald Trump made a deal in May to send 500,000 of the most advanced U.S. AI chips to the United Arab Emirates.
Amazon stock falls 8% on $200 billion spending forecast, earnings miss
The company also said it expects capital expenditures to hit roughly $200 billion in 2026, compared with $146.6 billion estimated by analysts.
Bank of England governor says inflation is set to reach target level sooner than expected
BoE governor Andrew Bailey told CNBC that the U.K. is set to meet its inflation target ahead of schedule.
Dow tumbles nearly 600 points, S&P 500 goes negative for 2026 in tech sector rout: Live updates
Wall Street is coming off a major sell-off in software stocks that drove the S&P 500 to a second straight day of losses.
Novo Nordisk says it will take legal action after Hims & Hers reveals $49 copy of Wegovy pill
Hims said it would sell a copy of the newly launched weight loss pill for $49, far less than the $149 Novo sells the branded pill for.
ECB holds rates but it’s not a ‘non-event,’ economists say. Here’s why
Economists believe the central bank will be comfortable with the inflation rate where it is, for now, but are watching for signs of disinflation.
