📈 Stocks / Finance

S&P 500 Slips as AI Concerns Hit Financial Stocks

CNBC

The S&P 500 fell and Nasdaq dropped after weak retail sales and new AI tools raised pressure on financial firms. The Dow still set another record. Retailers and brokerage stocks slid while investors wait for jobs and inflation data.

Krystal Biotech Rises After FDA Boost

Investor’s Business Daily

Krystal Biotech shares are nearing a buy point after the FDA gave special fast track status to its lung cancer drug. The stock is holding key support levels, and earnings are due next week with analysts expecting sales and profit growth.

Upwork Drops After Weak Forecast and Slower Activity

Yahoo Finance

Upwork shares fell sharply after the company gave a weaker than expected revenue forecast and reported lower platform activity. The soft outlook outweighed a recent earnings beat and raised concerns about near term growth.

🪙 Crypto

Bitcoin Drops Near 69K as Analysts See Possible Bottom

Yahoo Finance

Bitcoin fell near $69,000 after a sharp selloff, down about 45% from its peak. Some analysts say heavy recent selling may signal a market bottom, but warn prices could still slide toward $60,000 before a stronger recovery begins.

🌎 Global Economy

Report Says Climate Risks Are Underpriced Globally

World Economic Forum

New research warns economic models are underestimating climate and extreme weather risks. Repeated disasters and warming could cause larger long term damage to economies, prompting calls for regulators and investors to treat climate as a core financial threat.

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