Finance

SUMMARY  WASHINGTON — The $800 million Capital One Arena renovation has entered a visible construction phase in downtown Washington, with exterior scaffolding, sidewalk closures and Metro station adjustments now underway as part of a multiyear modernization scheduled for completion in fall 2027. Construction crews this month installed overhead protection near the Gallery Place Chinatown Metro … Read more

SUMMARY  WASHINGTON — The US Labor Department is set to release its January employment report Wednesday at 8:30 AM Eastern, offering the first detailed look at whether job growth in 2026 is improving after last year recorded the slowest expansion since 2009, excluding the pandemic year of 2020.  Analysts and policymakers are watching closely for … Read more

SUMMARY  Crypto.com co-founder and CEO Kris Marszalek purchased the AI.com domain for approximately $70 million in cryptocurrency, marking what is believed to be the largest publicly disclosed domain sale.  The acquisition sets the stage for the launch of a consumer AI agent platform under the AI.com brand, debuting during a Super Bowl LX commercial on … Read more

SUMMARY  NEW YORK — The Dow Jones Industrial Average crossed the 50,000 point threshold for the first time in history on Friday, signaling strong investor confidence in major US corporations, particularly in technology and semiconductor sectors.  Analysts said steady gains were fueled by enthusiasm for artificial intelligence and cloud computing innovations. Friday’s record setting performance … Read more

KEY POINTS  US stocks fell sharply Thursday as a broad tech rout intensified, leaving investors searching for relief ahead of Amazon earnings while new labor data pointed to fresh weakness in the economy.  The US stocks sell-off erased more than a trillion dollars in market value, extending losses across equities, commodities and digital assets. Markets … Read more

KEY POINTS  Bitcoin fell below the $70,000 mark on Thursday for the first time since November 2024, extending a months long decline as institutional selling, tighter liquidity and broader risk-off sentiment pressured digital assets across global markets. The world’s largest cryptocurrency slid to about $69,300 during early US trading hours, according to CoinMetrics, marking a … Read more

KEY POINTS  Santa Clara, California – Advanced Micro Devices on Tuesday projected first-quarter revenue above Wall Street expectations, citing strong demand for its artificial intelligence processors amid rapid global expansion of data centers. AMD earnings highlight the company’s growing role in the AI semiconductor market, positioning it as a primary competitor to Nvidia.  The revenue … Read more

KEY POINTS  Bitcoin plunged to near $74,300 on Tuesday, marking its lowest level since former President Donald Trump returned to the White House and erasing gains since his 2024 election victory.  The drop followed growing investor concerns over US monetary policy, liquidity risks, and Trump’s nomination of Kevin Warsh for Federal Reserve chair, according to … Read more

KEY POINTS COPENHAGEN — Novo Nordisk is navigating a rapidly evolving pharmaceutical landscape as competition intensifies in the GLP-1 weight loss drug market.  The Danish drugmaker, an early pioneer with its diabetes medication Ozempic, which also supports weight management, is facing pressure from Eli Lilly’s newly launched GLP-1 therapies, Mounjaro for diabetes and Zepbound for … Read more

KEY POINTS  PayPal Holdings Inc. shares plunged about 18% in US trading after the payments company announced Chief Executive Alex Chriss would step down after roughly two and a half years, named HP Inc.  CEO Enrique Lores as his successor effective March 1 and issued guidance that fell well short of Wall Street expectations. The … Read more