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AI scare’s $56 billion hit tests resilience of India’s IT stocks
economictimes_indiatimes126d ago

AI scare’s $56 billion hit tests resilience of India’s IT stocks

Indian tech stocks, including TCS and Infosys, have seen a significant market value drop due to AI fears. However, analysts and investors believe this selloff presents a buying opportunity. They argue that Indian IT firms are well-positioned to adapt, reskill, and capitalize on the growing demand for AI integration services, citing their history of technological resilience and strong financial positions.

#STOCKS
Short Interest in ProShares Short Bitcoin ETF (NYSEARCA:BITI) Decreases By 25.7%
watchlistnews126d ago

Short Interest in ProShares Short Bitcoin ETF (NYSEARCA:BITI) Decreases By 25.7%

ProShares Short Bitcoin ETF (NYSEARCA:BITI – Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 300,488 shares, a decline of 25.7% from the January 15th total of 404,180 shares. Based on an average trading volume of 2,159,315 [...]

#CRYPTO
google126d ago

Gold slides over 2% on strong dollar in light liquidity trade - Reuters

Gold slides over 2% on strong dollar in light liquidity trade ReutersGold Holds Near $5,000 as Lunar New Year Holiday Mutes Trade Bloomberg.comGold and Silver Slip as Comex Bulls Retreat, China Trading Shuts for New Year BullionVaultGold prices drop below $4,900/oz with US-Iran talks, econ. data in focus Investing.comWhy are gold and silver prices down again and will precious metals bounce back or continue to fall? Gold a The Economic Times

#COMMODITIES
Dollar holds gains in thin trading as markets await Fed minutes, US GDP
economictimes_indiatimes126d ago

Dollar holds gains in thin trading as markets await Fed minutes, US GDP

The dollar held its ground as markets awaited Federal Reserve signals on potential rate cut timing. The yen trimmed losses after weak Japanese data, while the Aussie dollar dipped following RBA minutes. Key economic events this week include Fed minutes and U.S. GDP figures.

#CRYPTO
FG, Wigwe varsity advance talks on AI, agric innovation
punchng126d ago

FG, Wigwe varsity advance talks on AI, agric innovation

Nigeria’s FG and Wigwe University are collaborating on AI and agric innovation, aiming to develop local AI systems and boost Nigeria’s technological futureRead More: https://punchng.com/fg-wigwe-varsity-advance-talks-on-ai-agric-innovation/

#CRYPTO
Access ARM Pensions pushes PPP, FCY fund
punchng126d ago

Access ARM Pensions pushes PPP, FCY fund

Access ARM Pensions expands retirement savings with its Personal Pension Plan (PPP) and the new dollar-denominated RSA Fund VII for Nigerians.Read More: https://punchng.com/access-arm-pensions-pushes-ppp-fcy-fund/

#ECONOMY
PARTLY FACETIOUS: All roads in the Blue Area are shut
brecorder126d ago

PARTLY FACETIOUS: All roads in the Blue Area are shut

“So if I give you two hats then how will you decide which one to wear when?”“I don’t favour hats – umbrellas or head scarfs or just a newspaper to ward off rain....”“But if I do give you two hats which one will you wear when?”“I just told you...OK, OK I will humour you, if it’s a sunny day then I will wear a sun hat, if it’s a rainy day then there are waterproof hats and...”“And what if it’s raining and neither of the two hats is waterproof?”“Good Lord! I will either not go out or take an umbrella or...”“I wasn’t aware you are that literal!”“Sorry?”“Well our cabinet members traditionally like to have more than one hat – I guess the King of Hats accumulation is Ishaq Dar.”“Oh and who is the Prince?”“Our Prime Minister favours hats as well though I have never seen him wear a winter hat, you know the knitted variety that...”“That is a hairstyle spoiler and...”“You are being facetious! And would you please stop this inane conversation, there is so much not right in the country – the economy is.....”“Before you say something that would show a sense of hopelessness on your part, a very un-Islamic sentiment, let me tell you who I was actually referring to. It is not the King of Hats, he has way more than two, no let me give you the background – the parliamentarians of the party led by the Man Who Must Remain Nameless and Faceless have remained in the national assembly building for the past three days, whose keys are now with the police reportedly...”“I hear the toilet’s window is open and...”“The Leader of the Opposition is rather spry for his age, but I don’t think he can actually jump out.”“Don’t be facetious anyway there were many who gathered outside the assembly building because the doors were locked, then many gathered inside Khyber Pakhtunkhwa House because they weren’t allowed to proceed to the assembly building — all roads in the Blue Area are shut which means that the bureaucrats can’t easily get to their offices and the demand seems very reasonable: let us have a family member or a doctor present who enjoys the confidence of the party and...”“So where do the hats come in?”“This situation is creating havoc in the federal capital and the Interior Minister is currently wearing his Chairman Pakistan Cricket Board hat and...”“Hey, he had to support the team.”“The team lost badly.”“Think of it as glass half full – if he hadn’t been there the team would have lost by more than 61 runs – I reckon around 150 or...”“Don’t be facetious.”Copyright Business Recorder, 2026

#ECONOMY