📈 Stocks / Finance

Stocks Drop as Tech Selloff Hits Market

CNBC

U.S. stocks fell hard with the Dow down nearly 600 points as investors pulled back from tech and AI names. The S&P 500 turned negative for the year. Weak job data and rising layoff numbers added to worries about the economy and outlook.

Alphabet Spending Surge Boosts Nvidia Outlook

The Motley Fool

Alphabet plans to double spending on AI infrastructure this year and named Nvidia as a key chip partner. The higher budget signals strong ongoing demand for AI hardware and could drive more growth for Nvidia despite recent stock pressure.

Amazon Drops After Announcing Massive AI Spending

BBC

Amazon shares fell over 11% after it said it plans to spend $200B this year, mostly on AI and related tech. Investors reacted cautiously to the higher costs, even as Amazon and other Big Tech firms ramp up AI investment.

🪙 Crypto

Ethereum Misses Crypto Boom Amid Leadership Rift

The Guardian

Ethereum’s coin has lagged while crypto rivals rose. A leaked plan to reshape its foundation exposed internal splits over leadership and politics. New directors now aim to court big institutions, but ether’s price remains weak.

🌎 Global Economy

Freight Data Signals Weak Trade Despite Strong GDP Outlook

CNBC

Experts warn tariff driven early shipping created a false picture of growth. GDP looks steady, but freight volumes are weak and ship supply is high. With softer demand and higher trade costs, transport and logistics firms face pressure in 2026.