Latest Business News
Global Trade Downturn Eases at Start of 2026
Global goods trade near-stabilizes with manufacturing output rising sharply in January, driven by new orders, while services trade falls further, especially in the US due to geopolitics. Emerging markets like India, South Korea, Japan, UK, and China see renewed export growth; developed markets report softer declines.
Five of top ten trading economies recorded higher goods exports.
Tech Stocks Plunge $1 Trillion Amid Capex Fears
Tech sector suffers bruising week with $1T software selloff despite revenue growth, fueled by huge capex announcements totaling $650B from major US firms. Amazon alone plans $200B spending, causing shares to tumble.
Investors worry over debt and AI-driven spending pressures.
Amazon Announces $200B Capex Plan
Amazon's $200B capital expenditure forecast for the year leads to sharp share drop amid broader tech concerns. Part of $650B combined spending by four big tech companies.
Highlights investor fears on sustainability despite growth.
Alphabet to Double Capex to $185B
Alphabet plans to potentially double capex to $185B, causing CEO Sundar Pichai sleepless nights over investments. Reflects aggressive AI and infrastructure push amid market volatility.
Contributes to tech sector's trillion-dollar wipeout.
US Lifts 25% Tariffs on Indian Imports
White House modifies duties, eliminating 25% extra tariff on Indian goods effective February 7, 2026, after India stops Russian oil imports and commits to US energy and defense ties. Addresses threats from Russia related to Ukraine under prior executive orders.
Aligns India with US on security and economic matters.
OpenAI's New Model Excels in Coding but Raises Cybersecurity Risks
OpenAI's latest model leaps ahead in coding but prompts rethink on deployment speed due to unprecedented cybersecurity threats. Forces company to balance innovation with safety.
Highlights AI's dual-edged impact on business.
Rocket Mortgage Booms as Rates Drop
Rocket CEO notes US mortgage industry as 'tale of two cities'; firm capitalizes on lowest rates in three years. Reflects broader recovery for American homebuyers.
Demonstrates resilience in housing amid rate shifts.
Lawhive AI Legal Startup Raises $60M
Lawhive, using AI to reimagine general practice law firms, secures $60M in venture funding. Exclusive deal underscores investor bet on AI in legal services.
Signals startup resilience amid tech turbulence.
Private Equity Outlook Hazy for 2026
PitchBook sees unclear 2026 private equity landscape amid economic uncertainties. Investors cautious on valuations and exits.
Contrasts with AI funding enthusiasm.
BofA Defends Tech Stocks Amid Free Fall
Bank of America rebukes investors, saying tech stock drop makes no sense and doubles down on sector longevity despite AI fears. Counters $1T wipeout narrative.
Points to sustained growth potential.
Meta's Hyperion AI Data Center Expands Massively
Meta's Hyperion AI data center to sprawl four times Manhattan's Central Park size. Massive infrastructure for AI ambitions.
Exemplifies capex surge in big tech.