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Bitcoin briefly drops below $70,000 as sell-off continues

by CNBC Markets | February 5, 2026 5:16 pm | US Markets

Some market watchers have suggested $70,000 is a key level to watch and a break below that could lead to more falls for bitcoin.

Sweden’s Volvo Cars on track for worst trading day ever as shares plunge over 18%

by CNBC Markets | February 5, 2026 2:24 pm | US Markets

The Sweden-based automaker posted a substantial drop in fourth-quarter profit, citing tariffs, currency effects and weak demand.

Oil giant Shell posts weakest quarterly profit in nearly five years, keeps buybacks steady

by CNBC Markets | February 5, 2026 2:24 pm | US Markets

The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.

Silver resumes its slide, plunging 13%, after short-lived rebound

by CNBC Markets | February 5, 2026 1:19 pm | US Markets

Silver prices slid as much as 16% on Thursday, snapping a two-day rebound as investors continued to unwind positions.

Oil giant Shell posts weakest quarterly profit in nearly five years as crude prices slide

by CNBC Markets | February 5, 2026 1:17 pm | US Markets

The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.

Paul Weiss chairman Brad Karp resigns after Jeffrey Epstein email disclosures

by CNBC Markets | February 5, 2026 10:11 am | US Markets

The Department of Justice last week released millions of documents related to the notorious sex offender Jeffrey Epstein.

China’s Xi reasserts Taiwan stance in call with Trump, while U.S. president pushes trade

by CNBC Markets | February 5, 2026 9:27 am | US Markets

Beijing stressed Taiwan is the most important issue while Trump highlights the trade aspects of the bilateral relations.

Alphabet resets the bar for AI infrastructure spending

by CNBC Markets | February 5, 2026 7:16 am | US Markets

The search giant’s proposed capex spend for 2026 exceeds that of its hyperscalers peers.

AMD falls 17%, posts worst day since 2017 as Lisa Su addresses guidance concerns

by CNBC Markets | February 5, 2026 7:15 am | US Markets

The CEO said that the data center business has risen from the fourth to first quarter and demand for the company’s CPUs is “going gangbusters.”

Software experiencing ‘most exciting moment’ as AI fears hammer the stocks

by CNBC Markets | February 5, 2026 7:14 am | US Markets

Shares of software companies have been getting beaten up, and the selloff accelerated this week after Anthropic’s latest unveiling.

Ciena returns to S&P 500 after getting booted 17 years ago

by CNBC Markets | February 5, 2026 6:09 am | US Markets

Ciena is predicting the fastest growth since 2011 in the current fiscal year, thanks to its position in artificial intelligence.

Trump says he’ll stay out of Netflix, Paramount Skydance fight to take over WBD

by CNBC Markets | February 5, 2026 6:09 am | US Markets

Trump in December said he would be involved in the review of whether Netflix should be allowed to buy parts of Warner Bros. Discover, as WBD leadership wants.

Broadcom, Nvidia shares rise on surging Google capital expenditures for AI

by CNBC Markets | February 5, 2026 4:04 am | US Markets

Much of Google’s AI software doesn’t run on industry-standard Nvidia chips, but instead on its own tensor processing units. Broadcom helps Google make its TPUs.

Google parent beats on revenue, projects significant AI spending increase

by CNBC Markets | February 5, 2026 3:06 am | US Markets

Wall Street will be looking for more details Google’s deal to revamp Apple’s Siri virtual assistant with the search company’s Gemini AI models.

Snap shares rise on fourth-quarter earnings that beat on sales

by CNBC Markets | February 5, 2026 3:05 am | US Markets

Snap released on Wednesday its fourth-quarter earnings that beat on sales but missed on revenue guidance.

Qualcomm stock sinks as memory shortage drags on forecast

by CNBC Markets | February 5, 2026 3:05 am | US Markets

“We’re starting to see that memory is going to define the size of the mobile market,” Qualcomm CEO Cristiano Amon said in an interview.

Hedge funds made $24 billion shorting software stocks so far in 2026 — And they are increasing the bet

by CNBC Markets | February 5, 2026 2:06 am | US Markets

Hedge funds are increasing their short bets against software stocks, contributing to the brutal sell-off in the space so far this year, according to sources at two major funds on Wall Street.

Oil prices jump after Trump says Iran supreme leader ‘should be very worried’

by CNBC Markets | February 5, 2026 2:06 am | US Markets

President Donald Trump has threatened to launch military strikes on Iran if the Islamic Republic doesn’t agree to a deal on its nuclear program.

Amazon CEO Andy Jassy picks marketplace exec to be his new ‘shadow’ advisor

by CNBC Markets | February 5, 2026 2:05 am | US Markets

Jassy was Jeff Bezos’ shadow in the early 2000s before going on to lead Amazon Web Services.

Eli Lilly’s GLP-1 growth is only getting started as Novo Nordisk braces for a decline in 2026

by CNBC Markets | February 5, 2026 2:04 am | US Markets

The split in outlook underscores Lilly’s strong position in the obesity market, underpinned by more effective drugs and its direct-to-consumer sales strategy.
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