CNBC Daily Open: AI might come for financial firms next — and a weak U.S. retail report weighs on stocks
Financial stocks wobbled on those claims as investors feared AI tools could replace — or at least lower the value of advisory firms and banking names.
Dow snaps three-day win streak as excitement over strong jobs report fizzles out: Live updates
Traders reacted to the release of the delayed January jobs report, which showed a gain of 130,000 on the month.
Asia markets mostly rise as investors shrug off weak U.S. retail sales, assess China inflation
Stocks in Asia moved higher Wednesday, extending recent gains despite softer-than-expected U.S. retail sales and growing unease over AI on Wall Street.
Shares of Australian biotech major CSL plunge to 8-year low after CEO departure, weak earnings
Shares of biotech company CSL plunged after the company announced that Chief Executive Officer Paul McKenzie will step down.
Crypto’s ‘age of speculation’ may be over, says Galaxy CEO Mike Novogratz
The decline in bitcoin, other cryptocurrencies in 2026 is not just another dip but may mark end of retail speculation trading, says Galaxy CEO Mike Novogratz.
Alphabet boosts debt sale again as total raise exceeds $30 billion, sources say
Alphabet again boosted the size of its bond sale as the internet giant prepares to accelerate its AI buildout.
The AI threat wrecked software stocks. Now financial stocks look next with LPL closing 8% lower
Financial services firms tanked after the launch of a new AI-powered tax planning tool that promises to do the work “within minutes.”
Kalshi says Super Bowl trading volume surpassed $1 billion
Kalshi CEO Tarek Mansour said Tuesday that the platform’s Super Bowl trading volume exceeded $1 billion, up 2,700% year-over-year.
UBS downgrades U.S. tech sector despite a recovery. It gave 3 reasons why
UBS revised its outlook on U.S. IT stocks on Tuesday and struck a more cautious tone as the company warned of ‘mixed investor reactions’ to the sector.
China’s Alibaba launches AI model to power robots as tech giants talk up ‘physical AI’
Nvidia and Google are among a handful of major tech giants developing models for robotics and so-called “phyiscal AI.”
