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Markets today aren't all that similar to the late 90s. Here's why
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Yahoo Finance

Why Today's Market Isn't the 1999 Dot-Com Bubble

Are we in another dot-com bubble? While today's market shares similarities with the late 90s, key differences in earnings and fundamentals suggest why.

  • NEW YORK – With the S&P 500 charting record highs and a handful of technology titans driving the lion's share of gains, Wall Street is rife with whispers of a familiar refrain: are we partying like it's 1999? The parallels seem compelling at first glance—soaring valuations, a market captivated by a transformative technology, and a multi-year bull run that has left many investors euphoric.
  • High Valuations: The S&P 500's forward price-to-earnings ratio is elevated compared to historical averages, much like it was in the late 90s. This metric suggests investors are willing to pay a premium for future growth.
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February 2026 Penny Stocks Worth Watching
© Yahoo Finance
Yahoo Finance

February 2026 Penny Stocks: Top Picks for Your Watchlist

Explore our list of penny stocks to watch in February 2026. Amid a bullish market, we identify high-growth potential companies trading under $5.

  • NEW YORK – As U.S. capital markets build on a robust start to 2026, with bellwether indices posting significant gains, a niche but potent segment of the market is drawing renewed investor scrutiny. We're talking about penny stocks—equities trading for under $5 per share—which, despite their inherent volatility, can present unique growth trajectories for discerning investors looking beyond the blue-chip mainstays.
  • Defining the Space: The term "penny stock" refers to the low share price, not necessarily the quality of the underlying company. These entities range from early-stage startups and biotech firms to established small businesses and companies undergoing strategic realignment.
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Stocks Rise Pre-Bell Ahead of Key Labor Market Data, Amazon Earnings
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Yahoo Finance

Stocks Rise Pre-Market on Labor Data, Amazon Earnings

U.S. stock futures climb as investors await key jobless claims data and Amazon's pivotal earnings report, which could influence the Fed's monetary policy.

  • A Lower-Than-Expected Number: A surprisingly low claims number would signal robust labor market strength. While positive for the economy, this could spook investors who fear it would give the Federal Reserve more justification to maintain its aggressive, high-interest-rate stance to combat inflation.
  • A Higher-Than-Expected Number: A significant jump in jobless claims would suggest the Fed's rate hikes are beginning to cool the economy and the labor market. This could be interpreted as "good news" for stocks, as it might encourage the central bank to pause its tightening cycle sooner rather than later.
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Dow Jones Futures Fall, Bitcoin Dives Below $70,000; Google AI Spending Stuns
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Yahoo Finance

Dow Futures Fall, Bitcoin Dips; Google AI Spending Stuns

Markets brace for a sell-off as Dow futures fall and Bitcoin drops below $70k. Google's massive AI spending plans revealed in its earnings report rattle investo

  • NEW YORK – Wall Street is bracing for a turbulent open as a complex mix of tech-sector anxiety, cryptocurrency volatility, and macroeconomic uncertainty rattles investor confidence. Dow Jones Industrial Average futures pointed to a sharply lower open, while Bitcoin plunged below the critical $70,000 threshold. The catalyst for much of the pre-market angst was a paradoxical earnings report from Alphabet (GOOGL), which showcased robust growth while simultaneously stunning investors with the colossal scale of its planned spending on artificial intelligence.
  • Dow Jones Futures: Indicated a drop of approximately 250 points, or 0.65%, at the open.
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Business

Financial news and market updates

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Fuel poverty: Strategy to help low income households struggling with bills
© BBC Business (Finance)
BBC Business (Finance)

Fuel Poverty Strategy to Help Low Income Households

The UK government has launched a new fund to help low-income families cut energy bills through home efficiency upgrades, tackling the root causes of fuel povert

  • London – The government has announced a significant new strategy aimed at tackling the UK's worsening fuel poverty crisis, launching a multi-million-pound fund designed to help the most vulnerable households reduce their energy bills through home efficiency upgrades. The initiative comes as millions face unprecedented pressure from soaring energy costs and a looming winter.
  • Initial Funding: A total of £500 million has been allocated to launch the fund, with provisions for further capital based on initial uptake and impact assessments.
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Are UK interest rates expected to fall soon?
© BBC Business (Finance)
BBC Business (Finance)

When Will UK Interest Rates Fall? BoE Forecast & Analysis

The Bank of England holds its base rate at 5.25%, but with inflation falling, when can we expect a cut? Explore the latest economic forecasts and analysis.

  • LONDON – After a relentless two-year campaign of rate hikes to tame runaway inflation, the critical question dominating financial markets, boardrooms, and household budgets across the United Kingdom is no longer if interest rates will fall, but when. The Bank of England has held its base rate at a 16-year high of 5.25% since August 2023, but with inflation falling sharply from its peak, the pressure is mounting for a pivot towards monetary easing that could bring relief to millions.
  • Mortgage Rates: The cost for homeowners to borrow money for property.
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Stock market today: Dow, S&P 500, Nasdaq hit pause after tech sell-off in wait for Amazon earnings
© Yahoo Finance
Yahoo Finance

Stock Market Pauses After Tech Sell-Off, Awaits Amazon

US markets find a fragile calm after a tech sell-off driven by AI spending fears. Investors cautiously await Amazon's pivotal quarterly earnings report.

  • NEW YORK – Wall Street exhibited a fragile calm in pre-market trading Thursday, as investors took a breath following a brutal two-day technology sell-off that wiped over a trillion dollars from market capitalizations. Major indices are now in a holding pattern, with market sentiment precariously balanced ahead of a pivotal quarterly earnings report from e-commerce and cloud giant Amazon.
  • S&P 500 Futures (ES=F): Edged higher by 0.1%, indicating a slight positive bias for the broad market.
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Markets Claw Back Losses After Tech Selloff. Nasdaq Futures Rise on Google AI Splurge.
© Yahoo Finance
Yahoo Finance

Nasdaq Futures Rise on Google AI Spending; Tech Rebounds

Tech stocks signal a rebound as Nasdaq futures climb on Alphabet's massive AI spending pledge, easing investor anxiety after a recent market selloff.

  • NEW YORK – U.S. stock futures pointed to a tentative recovery in the technology sector Thursday, as investors digested a monumental spending pledge from Google-parent Alphabet that underscores the escalating, high-stakes arms race in artificial intelligence. The move provided a much-needed dose of optimism after a brutal selloff Wednesday, sparked by anxieties over the colossal costs associated with the next generation of tech.
  • Capital Expenditure Surge: Alphabet's planned capital expenditures for this year are expected to exceed $50 billion, a significant increase from the roughly $32 billion spent in 2023. This level of investment places it among the highest-spending companies in the world.
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Stock market today: S&P 500, Nasdaq edge up after tech sell-off with Google's AI push in focus
© Yahoo Finance
Yahoo Finance

S&P 500, Nasdaq Rise After Tech Sell-Off Amid AI Focus

The S&P 500 and Nasdaq edge up after a tech sell-off. Investors weigh the high cost of AI development, seen in Google's earnings, against its future promise.

  • NEW YORK – Wall Street exhibited a tentative calm on Thursday, with the S&P 500 and Nasdaq Composite nudging higher as investors attempted to find their footing after a turbulent two-day technology sell-off. The market is grappling with a complex and defining narrative for this earnings season: the staggering cost of the artificial intelligence revolution versus its long-term, transformative promise.
  • The Central Conflict: Investors are weighing the immense capital expenditures required to build out AI capabilities against the potential for future revenue growth. Companies like Google that are spending heavily are seeing their margins and near-term profit outlooks scrutinized, causing investor anxiety.
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2026 Winter Olympics: Italy foils 'Russian cyber-attacks' at Milan-Cortina Games
© BBC News
BBC News

Italy Foils Russian Cyber-Attack on 2026 Winter Olympics

Italy's government announced it has thwarted a major, coordinated series of Russian cyber-attacks targeting the 2026 Milan-Cortina Winter Olympics' infrastructu

  • ROME – The Italian government announced Tuesday it has successfully thwarted a significant and coordinated series of cyber-attacks targeting the organizational infrastructure of the upcoming 2026 Milan-Cortina Winter Olympics. Foreign Minister Antonio Tajani attributed the malicious activity to "Russian origin," signaling a new front in the geopolitical tensions playing out in cyberspace.
  • Key Target: Olympic Infrastructure: The primary digital assets of the Milan-Cortina 2026 organizing committee were directly targeted. This includes official websites responsible for logistics, planning, and public communication. A successful breach could have led to data theft, website defacement, or the spread of disinformation.
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Silver price plunges to $80 as demand for safe-haven assets wanes
© Yahoo Finance
Yahoo Finance

Silver Price Plunges to $80 as Safe-Haven Demand Wanes

Silver prices plummeted over 11% to near $80, a sharp reversal from record highs, as a stronger dollar and easing geopolitical tensions curb safe-haven demand.

  • Federal Reserve Speculation: The dollar's ascent is largely fuelled by speculation surrounding the Federal Reserve's future policy path. President Donald Trump's nomination of Kevin Warsh to be the next Fed Chair has led markets to price in a more "hawkish" central bank. Warsh is perceived as being less inclined toward the highly accommodative, or "dovish," monetary policies of the recent past. A hawkish Fed typically implies higher interest rates, which increases the opportunity cost of holding non-yielding bullion and provides further support for the dollar.
  • U.S.-China Dialogue: President Trump described recent talks with Chinese President Xi Jinping as "very positive." Following the discussion, Trump indicated that China may significantly increase its purchases of U.S.-grown soybeans. This gesture is being interpreted by markets as a key step toward de-escalating the trade conflict between the world's two largest economies.
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Silver price plunges to $80 as demand for safe-haven assets wanes
© Yahoo Finance
Yahoo Finance

Silver Price Plunges to $80 on Strong Dollar, Less Demand

Silver prices plunged over 11% to near $80 as a strengthening U.S. dollar and easing geopolitical tensions curb demand for safe-haven assets like precious metal

  • LONDON – Silver prices experienced a dramatic reversal on Thursday, plummeting more than 11% as a confluence of a strengthening U.S. dollar and signs of easing geopolitical tensions eroded the appeal of safe-haven assets. The sharp downturn marks a significant retreat for the metal, which had surged to a record high just last week, underscoring the extreme volatility gripping the precious metals market.
  • Spot Silver (SI=F): Plummeted 11% to trade at $80.75 per ounce, a stark contrast to its record high of $121.64 reached last week.
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Six Nations 2026: Scotland drop Van der Merwe, Graham & Kinghorn
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BBC News

Six Nations: Scotland Drop Van der Merwe, Graham & Kinghorn

Scotland coach Gregor Townsend makes a shocking selection for the 2026 Six Nations, dropping star players Duhan van der Merwe, Darcy Graham, and Blair Kinghorn.

  • ROME – In a strategic pivot that has sent shockwaves through international rugby, Scotland Head Coach Gregor Townsend has executed one of the most audacious selection gambles of his tenure, omitting three of his highest-value backline assets for the 2026 Guinness Six Nations opener against Italy. Duhan van der Merwe and Darcy Graham, the nation's top two all-time try-scorers, along with British and Irish Lions Test full-back Blair Kinghorn, have been left out of the starting XV in a move that signals a profound shift in team strategy and a high-stakes investment in squad depth.
  • The New Full-Back: Tom Jordan of Bristol Bears is the surprise choice at number 15. Known more as a fly-half, his selection at full-back is a clear indicator of Townsend's desire for a secondary playmaker to support Finn Russell, enhancing Scotland's attacking optionality.
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Nike faces federal probe over allegations of discrimination against white workers
© NPR Politics
NPR Politics

Nike Faces EEOC Probe Over White Worker Discrimination

Nike is under a federal investigation by the EEOC over allegations its diversity, equity, and inclusion (DEI) policies illegally discriminate against white work

  • NEW YORK – Sportswear and apparel giant Nike is now the subject of a federal investigation into allegations that its diversity, equity, and inclusion (DEI) policies may constitute illegal discrimination against white employees. The U.S. Equal Employment Opportunity Commission (EEOC), the nation's top civil rights enforcement agency for the workplace, revealed the formal probe in a court filing on Wednesday, signaling a significant escalation in the regulatory scrutiny of corporate diversity initiatives.
  • Why it matters: This investigation is not just about Nike; it's a clear signal from the EEOC's new leadership that the methods and goals of corporate DEI programs nationwide are under a microscope.
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Finance

Banking and investment news

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As Trump reshapes foreign policy, China moves to limit risks, reap gains
© NPR News
NPR News

Trump's Foreign Policy Shift: China's Risks & Gains

As the Trump administration pivots its foreign policy, China recalibrates to de-risk investments, manage US relations, and capitalize on 'America First'.

  • WASHINGTON – The Trump administration's pivot in foreign policy, marked by an aggressive new focus on the Western Hemisphere, is forcing a strategic recalibration in Beijing. As the White House directs its attention toward Venezuela and Greenland, Chinese leaders are carefully weighing the new landscape—relieved to be out of the immediate line of fire but wary of America's unpredictable "military adventurism."
  • Korean War Scars: The People's Republic's formative experience with U.S. power was the Korean War (1950-1953), which saw China deploy nearly 3 million personnel to the peninsula. This direct conflict left an indelible mark on its perception of American military reach.
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Tech Rout Ebbs on Wall Street pre-Bell; Asia Off, Europe Down
© Yahoo Finance
Yahoo Finance

Tech Selloff Cools on Wall Street; Global Markets Mixed

Wall Street's tech selloff shows signs of easing after a two-day rout, but global markets in Asia and Europe remain pressured by valuation concerns.

  • NEW YORK – Wall Street showed signs of stabilization in pre-market trading Thursday, signaling a potential pause in a fierce, two-day technology-led selloff that has rattled global markets. While U.S. futures hinted at a calmer open, the negative sentiment had already cascaded across Asia and continued to weigh on European bourses, painting a picture of a global market grappling with concerns over stretched valuations and the future path of interest rates.
  • Profit-Taking Pause: The primary driver of the recent downturn was aggressive profit-taking in mega-cap technology and AI-related stocks. Shares of market darlings like NVIDIA, which have seen astronomical gains in 2024, faced significant selling pressure as investors questioned the sustainability of their rally. Thursday's pre-market action suggests this initial wave of selling may be exhausted, for now.
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Warning of long airport queues under new EU border control system
© BBC Business (Finance)
BBC Business (Finance)

EU's New Border System: Warning of Long Airport Queues

The EU's new Entry/Exit System (EES) launches in late 2024, sparking warnings of severe airport disruption and long queues for non-EU and UK travellers.

  • A multi-billion-dollar travel industry is bracing for "significant and sustained" disruption as the European Union prepares to launch its long-delayed, high-tech border control system. Industry leaders are issuing stark warnings that without urgent action, airports across Europe could face gridlock, with processing times for non-EU travellers, including UK citizens, potentially doubling and threatening severe economic fallout for the aviation and tourism sectors.
  • Processing Time Explosion: Airports Council International (ACI) Europe has warned that passenger processing times at external EU borders could increase by 50% to 100% compared to the current system. For a family of four, this could turn a brief passport check into a lengthy ordeal.
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Stock Market News for Feb 5, 2026
© Yahoo Finance
Yahoo Finance

Stock Market News: Dow Hits Record, Nasdaq Tumbles (Feb 5)

Get the latest stock market news for Feb 5. A powerful rotation out of tech stocks sends the Nasdaq down 1.5% while the Dow Jones climbs to a new record.

  • NEW YORK – The U.S. stock market delivered a fractured verdict on Wednesday, as a powerful rotation out of high-flying technology stocks and into value-oriented sectors cleaved the major indices. The Dow Jones Industrial Average climbed to a fresh record, while the tech-heavy Nasdaq Composite suffered its worst single-day percentage drop in over a month, a clear signal that investors are aggressively reassessing the sky-high valuations of artificial intelligence darlings.
  • Dow Jones Industrial Average (DJI): The index of established American companies rose a solid 0.5%, adding 260.31 points to close at a record 49,501.30. The strength was broad, with 23 of its 30 components finishing in positive territory.
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Stock Futures Rise as Market Digests Google AI Spending Surge
© Yahoo Finance
Yahoo Finance

Stock Futures Rise on Google's Massive AI Spending Plan

Wall Street futures climb as the market digests Alphabet's stunning forecast to spend over $175B on AI, signaling a major escalation in the AI arms race.

  • NEW YORK – Wall Street appeared ready to shake off a two-day tech sell-off on Thursday, with stock futures pointing higher as investors processed a stunning long-range spending forecast from Google parent Alphabet. The move signals a massive escalation in the artificial intelligence arms race, forcing the market to weigh the immense costs of building the future against the potential for unprecedented growth.
  • Data Center Construction: A significant portion will go toward building and expanding hyperscale data centers globally. These facilities are the physical foundation of the cloud and AI, requiring immense investment in real estate, construction, and high-speed networking.
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