Market Update

The US administration is moving closer to announcing a new chair for the Federal Reserve, signaling a potentially significant shift in monetary policy at a sensitive moment for the American economy. President Donald Trump said he plans to unveil his choice to replace current Fed Chair Jerome Powell, a decision …

Shares of Microsoft tumbled dramatically after the company revealed a surge in spending on data centers and AI infrastructure. The stock fell more than 12% intraday and closed nearly 10% lower, erasing roughly $430 billion in market value. This marks the second-largest single-day market capitalization loss ever for a U.S. …

Trade Tensions Escalate Between US and CanadaUS President Donald Trump has threatened to impose a steep 50% tariff on all aircraft imports from Canada, accusing Ottawa of unfairly blocking certification of Gulfstream business jets. Trump said the decision to “decertify” Canadian-made aircraft will stand until Gulfstream, an American company, is …

US Court Affirms Dismissal of Ripple Securities CaseA federal appeals court has upheld the dismissal of a class action accusing Ripple Labs of selling its XRP cryptocurrency as unregistered securities, effectively ending the long-running legal battle.The lawsuit, originally filed in 2018, alleged that Ripple violated US securities laws by selling …

On January 29, 2026, the precious metals market delivered one of its most extreme days in recent memory. Gold surged toward an astonishing new peak near $5,600 per ounce in early trading, while silver blasted past $120 for the first time ever. Yet, within hours, both metals staged a sharp …

Bitcoin fell below $85,000 for the first time in nearly two months, dropping as much as 5.7% to $84,233. Its market capitalization now stands around $1.69 trillion, with daily trading volumes near $49 billion, marking its lowest price since early December. Other major cryptocurrencies also faced sharp losses, with Ethereum, …

The Federal Reserve’s latest policy statement and remarks from Chair Jerome Powell reflected a phase of deliberate caution, as the central bank opted to keep interest rates unchanged, signaling that monetary policy is likely to remain stable in the near term.This approach underscores the Fed’s preference to closely monitor economic …

New applications for U.S. unemployment benefits edged slightly lower last week, pointing to continued restraint in layoffs, even as weak hiring deepens concerns among households about the labor market. Initial claims fell by 1,000 to a seasonally adjusted 209,000 in the week ended January 24, the Labor Department said Thursday. …

U.S. stock futures inched higher on Thursday as investors weighed a mixed round of mega-cap technology earnings alongside the Federal Reserve’s decision to keep interest rates unchanged. By 05:25 ET, Dow Jones futures were up 60 points, S&P 500 futures gained 16 points, and Nasdaq 100 futures rose 85 points. …

Bitcoin slipped back toward the $88,000 level on Thursday, remaining under pressure despite a softer U.S. dollar and a historic surge in gold, as investors absorbed the Federal Reserve’s decision to keep interest rates unchanged. The world’s largest cryptocurrency traded 1% lower at $88,201.6 by 01:56 ET (06:56 GMT). Bitcoin …