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'Lottery ticket': Crypto investors brace for bumpy ride under Trump
'Lottery ticket': Crypto investors brace for bumpy ride under Trump

Nick was enjoying his Saturday off work in Pennsylvania when he received an unexpected and alarming message: cryptocurrencies, buoyed since Donald Trump's November 5 election win, were in freefall. The value of Bitcoin, by far the most important crypto which has broken record after record and gained around 50 percent since Trump's election, dropped six percent at the height of the crash.

Most Asian markets rise ahead of key US jobs data
Most Asian markets rise ahead of key US jobs data

Most Asian equities advanced Friday as investors head into the weekend awaiting the release of US jobs data, while traders kept a nervous eye on Washington as the Trump administration presses ahead with a hardball trade agenda. Still, for now investors were enjoying the relative calm as analysts say the White House's moves have so far been less strident than initially feared.

Big Tech's AI spending rattles markets
Big Tech's AI spending rattles markets

E-commerce giant Amazon reported strong earnings Thursday but, like its big tech peers Microsoft and Google, saw its stock price fall on concerns over high AI investment costs. However, Amazon's shares dropped more than 5 percent in after-hours trading, mirroring reactions to Microsoft and Google's results - strong profits overshadowed by concerns about AI spending.