📈 Stocks / Finance

Quantum computing stocks: The next dot-com bubble?

X

Martin Shkreli takes aim at the quantum computing stock rally, sparked by Google’s "Willow" announcement. He argues that companies like Rigetti and IonQ are wildly overvalued, with unproven tech still decades from practicality. Drawing parallels to past speculative bubbles, he warns investors to tread carefully.

Dow climbs, Nasdaq dips as inflation data looms

Yahoo Finance

US stocks closed mixed Tuesday as investors analyzed December's Producer Price Index, which rose 3.3% YoY, below expectations. The Dow gained 0.5%, while the Nasdaq fell 0.2%. Attention shifts to CPI data amid speculation of gradual Trump-era tariff hikes and inflation concerns impacting Fed policy.

Capital One accused of withholding $2 billion in customer interest

Yahoo Finance

The CFPB has sued Capital One, alleging it misled customers of its 360 Savings account by freezing rates while offering higher rates on a similar account. The bank is accused of obscuring distinctions between accounts, leading to over $2 billion in lost interest. Capital One denies the claims.

🪙 Crypto

Solana and XRP ETFs unlikely to match Bitcoin's dominance

Decrypt

JP Morgan analysts predict Solana and XRP ETFs could attract $4-8 billion and $3-6 billion respectively but will fall short of Bitcoin’s unprecedented $50 billion first-year success. The report highlights altcoin status and shifting investor sentiment as limiting factors.

BTC Chart

🌎 Global Economy

Global markets steady ahead of key CPI data and earnings

Reuters

Markets were subdued as traders awaited US CPI data, with forecasts pointing to a 0.2% rise in core inflation, potentially influencing Fed policy. Asian shares eased, while UK CPI loomed large for gilts. The yen strengthened on BOJ rate hike expectations, and US bank earnings are expected to shine.

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