📈 Stocks / Finance

AI-fueled market surge sparks 1999 bubble comparisons

NBC News

The Nasdaq has doubled in three years as AI hype drives record valuations. Analysts warn of parallels to the 1999 dot-com bubble, with the Buffett Indicator now over 210%. JP Morgan and others caution a market correction may loom despite ongoing tech momentum.

Walmart hits record high after OpenAI partnership news

Investopedia

Walmart stock surged to a new all-time high after announcing a partnership with OpenAI to enable AI-powered shopping and checkout. Technicals show a breakout above $109 with a near-term target of $113, supported by strong e-commerce growth and investor confidence.

Plug Power slides 5% as rally cools on financial concerns

Yahoo Finance

Plug Power stock dropped 4.9% following a 150% monthly surge, as investors took profits and refocused on the firm’s ongoing financial issues. Despite recent gains fueled by new leadership and federal loan support, volatility and solvency doubts continue to weigh on sentiment.

🪙 Crypto

U.S. seizes $15B in bitcoin from global crypto scam tied to Cambodian conglomerate

CBS News

Federal agents seized $15B in bitcoin from Cambodia’s Prince Holding Group, accused of operating a global scam via forced labor. The DOJ called it its largest crypto forfeiture to date, targeting Chen Zhi for laundering billions through fraudulent investments.

🌎 Global Economy

US data blackout rattles global market forecasting

rollingout

The US government shutdown has halted key economic data releases, disrupting global markets’ ability to assess the $30T economy. Analysts warn the information vacuum may mislead asset pricing, hinder rate forecasts, and elevate volatility across stocks and currencies.

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