Indian information technology stocks witnessed their steepest weekly fall since the early days of the COVID-19 pandemic, wiping out nearly $50 billion in market value as investor anxiety over artificial intelligence, weak global cues, and fading hopes of US rate cuts converged into a sharp sell-off. The rout gathered pace on Friday after a tech-led
Recent developments around revenue redirection within the Aave ecosystem have shifted investor attention from short-term price swings to long-term value capture. This shift comes at a time when AAVE is already trading far below its historical peak, making narrative-driven catalysts increasingly important. If the DAO revenue redirection proposal is approved, it could strengthen the long-term
Dow futures pointed lower ahead of Friday’s CPI inflation report, setting up a tense open after a bruising tech-led selloff the prior session. The trend was similar across the futures of all indices as S&P 500 futures slid 0.41% to 6,822 and Nasdaq-100 futures eased 0.55% to 24,630, and Dow futures slipped over 200 points
The broader cryptocurrency market is having a mixed performance on Friday, with most leading cryptocurrencies currently in the red. However, POL, the native coin of the Polygon blockchain, is one of the best performers in the market. It has added 3.5% to its value over the last 24 hours and could be set for a
Bitcoin’s latest bout of selling has a different feel. Instead of the usual crypto stress signals, panic from small investors, a wave of forced liquidations, or miners dumping coins to pay bills, this time the pressure looks more like portfolio housekeeping by institutions. As US rate expectations swing and cross‑asset volatility climbs, professional allocators are
Coinbase stock price continued its freefall this week as the crypto exchange released its financial results. COIN plunged to a low of $141 on Friday, its lowest level since February 2024. It has plunged by 68% from its all-time high. Coinbase business deteriorated in the fourth quarter The COIN stock price remained under pressure after
Kalshi is moving into the sports insurance sector through a partnership with specialist broker Game Point Capital, signalling a shift in how insurers hedge financial exposure tied to sports performance. The regulated prediction market exchange is positioning itself within a fast-growing industry valued at around $9 billion annually and expected to double by 2030. The
The number of Americans filing new claims for unemployment benefits declined less than expected last week, suggesting the US labor market remains resilient despite signs of cooling hiring momentum and recent weather-related disruptions. Seasonally adjusted initial jobless claims fell by 5,000 to 227,000 in the week ending February 7, the Labor Department said on Thursday.
Argentina, Guyana, and Brazil are on track to spearhead Latin American oil production growth in 2026, though the potential reintegration of Venezuelan output casts uncertainty over the region’s long-term capital expenditure outlook, Rystad Energy said in its latest update. Despite the supermajors’ long-term caution regarding underwriting risks in Venezuela, the country is seeing increased engagement
British oil major Shell reported its weakest quarterly profit in nearly five years on Thursday, a slump attributed to a softer crude price environment and unfavorable tax adjustments in the fourth quarter. Crude oil prices hovered around $60 per barrel in the last quarter of 2025 as oversupply concerns dampened sentiments among investors. Q4 earnings