Global economic updates, market sentiment, and financial headlines.
Federal Reserve governor Stephen Miran resigned from his position as chair of the White House's Council of Economic Advisers.
Stock benchmarks diverge strongly in this morning's market action. US equity flows turn to traditional sectors after years of tech outperformance.
Yahoo Finance breaks down the top financial stories of the day for February 3, 2026. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
Miran's resignation ends an unusual dual role he had held since he joined the central bank in September.
A new Anthropic tool causes a selloff in software and other business-to-business service companies.
'Mad Money' host Jim Cramer talks today's decline in software stocks.
Senate Democrats on the Senate Banking Committee demanded that committee Chair Tim Scott hold up Kevin Warsh's nomination for Federal Reserve chief. The Democrats asked that Scott delay movement on Warsh's nomination until the Trump administration's investigations into both Fed Chair Jerome Powell and Governor Lisa Cook are concluded.
Software stocks are getting slammed once again today as there appears to be no floor in the current thinking that AI will crush the software-as-a-service (SaaS) space. The average tech hardware stock in the S&P 1500 is up 57.3% over the last year, while semis are up roughly 50%.
Fed's Stephen Miran resigns from White House post
CNBC's Jim Cramer said the sell-off in software reflects a shift in how investors value future growth rather than a collapse in earnings. The "Mad Money" host said investors are being forced into a far more selective playbook.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Bridgewater Associates' Rebecca Patterson, 17Capital's Pierre-Antonie de Selancy, Wedbush Securities' Alicia Reese, Sperling Economic's Gene Sperling, USA Rare Earth's Barbara Humpton, Edward Jones' Mona Mahajan, Allspring Global's Abby Roach, Cleo Capital's Sarah Kunst, Constellation Research's Ray Wang, American Century's Rich Weiss, and TINKR's Tyler Cameron and Tate Madden.
Rapidly expanding artificial-intelligence capabilities helped erase $300 billion in market value on Tuesday.
Mining companies are entering a new phase of the metals cycle marked by expanding margins, stronger balance sheets, and a growing gap between market prices and the assumptions still guiding corporate decisions, according to Nicole Adshead-Bell, director of Cupel Advisory.
Analysts at research firm MoffettNathanson say ‘the capital needs would simply be enormous'
From a new Fed chair nominee to a hard turn to risk-off trading in some parts of the market - the broader landscape is rapidly changing for ETF investors. BondBloxx ETFs co-founder Joanna Gallegos and Strategas Securities technical strategist Todd Sohn sit down with CNBC's Dominic Chu to discuss this and much more on “ETF Edge.
Gartner says customers are “slowing and deferring everything possible” as they make sense of a shifting AI landscape.
Sam Vadas and Alex Coffey talk about ways the markets are pricing in Kevin Warsh as the expected Fed Chair to replace Jerome Powell. They also discuss how geopolitical tensions offered a chance for gold and silver to rally and reclaim some of Friday's losses.
Markets were on edge as this year's software stock slump picked up steam.
Elon Musk has confirmed that his private space company SpaceX (SPAX.PVT) will merge with his private AI developer xAI (XAAI.PVT) ahead of SpaceX's IPO planned later this year. This merger is projected to be worth up to $1.25 trillion as Musk hopes to develop data centers in space.
Kevin Warsh, President Trump's pick as the next chair of the Federal Reserve, has long expressed a desire to shrink what he calls the central bank's “bloated” balance sheet. But doing so is not as easy as it might sound.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. -------- More on Bloomberg Television and Markets Like this video?
Worries that Anthropic's Claude is targeting the legal profession led to another software slump and broader market slide.
Materials Select Sector SPDR ETF has outperformed all sectors with a 21% gain in the past quarter, signaling robust market momentum. XLB's strong, positive correlation (+0.71) with SPY, surpassing XLE's, highlights its value as a leading indicator of early-cycle industrial demand.
The Kospi index is up 25.5% year to date, a world-best performance.
Michael Novogratz, founder and CEO of Galaxy Digital discusses crypto legislation, prediction markets, and sports betting. He speaks with Scarlet Fu and Tim Stenovec on "Bloomberg Crypto.
Forgent Power Solutions, Liftoff Mobile and several consumer and biotech firms are set to go public.
“Momentum is a powerful force in capital markets,” an analyst says, and right now it's not on the side of software stocks
Extreme volatility in gold and silver does not signal a breakdown in the precious metals bull market, but rather reflects a structural shift in how prices are adjusting after years of suppressed demand and underinvestment, according to John Feneck, Founder and CEO of The Feneck Commodities Report.
When consumers are in a buying mood, their shopping list includes the stock market.
Investors are ramping up bets on higher long‑dated Treasury yields and a steeper yield curve as incoming Federal Reserve Chair Kevin Warsh is expected to press for interest rate cuts while shrinking the U.S. central bank's balance sheet.
Economists have expressed surprise and disappointment about the absence of any public remarks, which had been a routine part of the Fed nomination process going back almost 30 years.
Shares of obesity drugmakers and developers slid on Tuesday after Novo Nordisk forecast a sharper-than-expected sales decline for 2026, underscoring intensifying competition in the blockbuster weight-loss market.
Worries about how artificial intelligence could affect the sector are making good companies with real earnings look profitable.
Over the past fortnight, precious metals first underwent a textbook crowded-trade acceleration, then retraced those gains even faster. Crypto came under pressure alongside this episode, largely due to the overlap of two factors: heightened geopolitical risk and increased uncertainty around the policy stance of the Fed Chair-designate.
India Dropping Russian Oil Demonstrates How Attractive America's Markets And Economy Are
The number of global private equity exits rose 5.4% last year to 3,149, according to data from S&P Global Market Intelligence. The total value of those deals declined 21.2% year over year to $412.1 billion, the data showed.
AI infrastructure buildouts by tech giants like Microsoft, Meta, and Oracle are driving unprecedented capital expenditures, straining balance sheets and free cash flow. Mounting capex is increasingly funded through off-balance sheet vehicles and debt, elevating credit risk and pressuring equity valuations on any disappointing AI monetization.
The year has gotten off to a constructive start in terms of absolute returns, but the underlying market dynamics are more complex than headline index returns alone might suggest. Emerging markets and small caps (both domestic and foreign) led the way on the upside, followed by foreign developed markets, US value stocks, and the equal-weighted S&P 500.
Jennifer Lee, Senior Economist at BMO Capital Markets, discusses her economic outlook as the BLS postpones January jobs data, and her expectations for a Kevin Warsh-led Federal Reserve. The Bureau of Labor Statistics will not release the January jobs report on Friday as scheduled due to the partial government shutdown.
The S&P 500 is nearing a post-earnings volatility dispersion unwind, historically linked to sharp market reversals. The spread between VIXEQ and VIX is elevated, signaling heightened single-stock volatility and suppressed index volatility.
Global equity markets delivered another year of healthy returns in 2025, with non-US stocks outperforming US equities and emerging markets beating their developed market counterparts. Market optimism around continued earnings growth, alongside easing inflation pressures in several major economies, were widely seen as drivers of global equity strength during 2025.
Tech stocks drag the S&P 500 and Nasdaq as the Dow rises, with investors watching earnings, AI outlook, and US stock market momentum today.
The SPX futures test a critical area of support at the 20-day SMA, says Kevin Green. He tells investors to watch Tuesday's tech weakness, especially in Microsoft (MSFT) and Nvidia (NVDA), to see if traders buy the dip.
The merger of SpaceX and xAI is reshaping how investors view Musk's companies—linking rockets, satellites, and artificial intelligence into one of the most ambitious technology bets ever.
Federal Reserve Governor Stephen Miran is calling for aggressive interest rate cuts exceeding one percentage point after dissenting in the latest FOMC meeting.
Chris Harvey, CIBC head of equity strategy, says don't go "bottom-fishing" for stocks right now. He expects a melt-up for stocks this summer.
The long-term return forecast for the Global Market Index held steady in January at 7%-plus while the benchmark's trailing 10-year shot higher through last month, rising above 10%. In the wake of strong gains in several markets and asset classes recently, nearly half of GMI's components are projected to generate returns that are below results for the past ten years.
Meghan Shue, Wilmington Trust chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, impact of AI and tariffs, the Fed's interest rate outlook, and more.
The Dow Jones Industrial Average (DJI) has notched another record closing high and is now knocking on the door of 50,000. This marks the third consecutive year of double-digit gains across the major stock indices - despite what feels like a nonstop barrage of alarming and often unimaginable headlines.