The software sector is currently weathering a violent storm, characterized by a rapid sell-off that some are calling a “SaaSapocalypse.”The panic intensified this week as AI startup “Anthropic” introduced advanced capabilities to its Claude Cowork agent, fueling fears that traditional software-as-a-service models are on the brink of obsolescence.However, Wedbush’s senior…
Tech stocks have struggled in recent days amid fears of overspending on artificial intelligence and a sharp selloff in software and semiconductor names. Apple, however, has emerged as a rare outperformer, bucking the broader downturn and attracting renewed investor interest.Shares of Apple were up about 6% this week as of…
Oil prices, specifically Brent crude, could rise to $70 per barrel if tensions between the US and Iran escalated amid the ongoing talks in Oman, according to experts. Prices maintained a steady course on Friday, reflecting a cautious sentiment among global investors who were intently focused on developments emerging from crucial,…
The sudden resignation of the head of Argentina’s statistics office this week revealed problems at the core of President Javier Milei’s economic plan, turning the country’s inflation numbers into a political hot spot.Economy Minister Luis Caputo admitted that the government’s decision to postpone an upgrade to the inflation calculation methodology,…
Europe’s markets ended the week caught between resilience and reckoning.In London, the FTSE 100 eked out gains as banks rallied on fresh hints that rate cuts could be on the horizon, even as tech-linked names stayed under pressure.Across the continent, regulators sharpened their focus on Big Tech, with Brussels formally…
A volatile week for precious metals is ending on a slightly positive note, with gold and silver logging small gains.Simmering geopolitical tensions and increasing safe-haven demand boosted gold prices on Friday.Meanwhile, oil prices saw a modest increase on Friday, following reports from Iran’s foreign minister indicating that discussions between Iran…
Markets remained on edge through the week, with Big Tech spending fears, central-bank signals, and a sharp crypto rebound colliding in a volatile session.Amazon shares slid on alarm over massive AI capital spending, while India’s central bank stood pat on rates, striking a steady tone on growth.Wall Street also digested…
The Japanese yen slipped as traders positioned for Sunday’s snap election, with markets expecting Prime Minister Sanae Takaichi to extend her hold on power and keep a reflationary policy mix in place.According to MUFG Bank analysts, Japan’s political backdrop is adding “downward pressure on the yen,” while Polymarket pricing cited…
Wall Street’s favourite macro assumption that inflation will cool “enough” to let the Federal Reserve cut rates on a predictable timetable faces a real stress test in the coming weeks.The Bureau of Labor Statistics will publish January’s Consumer Price Index (CPI) next week on February 13, followed by the Producer…
EU regulators on Friday accused TikTok of breaching the bloc’s online content rules, putting the video-sharing app at risk of having to redesign its service in Europe or face a fine linked to its global revenue. The charges were laid out in preliminary findings by the European Commission after a…