Wall Street and Bitcoin Plunge over AI Bubble Fears

THE TELEGRAPH: Global stocks fell sharply and Bitcoin plunged below $100,000 as fears mount that an artificial intelligence bubble is about to burst.

The price of the cryptocurrency dropped by as much as 6.7pc on Tuesday, briefly falling to $99,936 (£76,747) - the first time it has fallen below $100,000 since June.

It means Bitcoin has now officially entered a bear market, with the prices falling by more than 20pc since its last peak in October.

Global share prices also slumped as the bosses of Wall Street giants Goldman Sachs and Morgan Sachs predicted major stock market falls and the US investor depicted in the film “The Big Short” placed a $1bn bet against AI.

America’s benchmark S&P 500 index fell by 1.18pc while the tech-heavy Nasdaq Composite dropped by 1.84pc.

Share indexes in France, Germany and Japan also all sank by more than 1pc on Tuesday amid fears the AI-led market boom is running out of steam. » | Chris Price. Melissa Lawford US Economics Correspondent | Tuesday, November 4, 2025

European Shares Tumble, Commodity Prices Soar

THE GUARDIAN: European shares are sliding deeper into the red, after Russian shelling at a Ukrainian nuclear plant – Europe’s shares, commodity prices, biggest nuclear power station – led to a fire that burned for several hours, before being extinguished. The reactors are fine, according to the Ukrainian authorities, but this illustrates the dangers to a nuclear plant in a military conflict and has caused deep unease at the International Atomic Energy Agency. » | Julia Kollewe | Friday, March 4, 2022

Grim US Data Sparks Shares Slide
BBC: Shares in Europe and the US have fallen sharply after more bleak news on the US economy alarmed investors.

The 2.7% fall in December retail sales has sparked fresh fears about the state of the world's largest economy, analysts said.

London's FTSE 100 index closed down by more than 5% in mid-afternoon trading, with banks among the biggest fallers.

On Wall Street, the key indexes fell about 3%, while the main market in France and Germany lost about 4.5%[.] >>> | Wednesday, Januaru 14, 2009

THE TELEGRAPH: FTSE 100 Joins Global Rout of Stock Markets

The FTSE 100 joined a global tumble in stock markets as new evidence of the scale of the slowdown in America underlined fears that banks around the world will need more capital.

Royal Bank of Scotland, Barclays, HBOS and Lloyds TSB led the declines on the FTSE as investors digested the prospect that a deepening recession will leave banks with bigger losses.

HSBC, one of the banks to have so far escaped the worst of the credit crisis, tumbled more than 10pc after analysts at Morgan Stanley estimated it may need to raise $30bn.

“HSBC is the real drag on the market today and it looks like people are moving their positions away from the banking sector as worries about profits persist,” Joshua Raymond, a strategist at City Index in London, told Bloomberg News. >>> | Wednesday, January 14, 2009

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Shares Slump on Recession Fears
BBC: European and US shares have fallen sharply as poor US retail sales figures and Citigroup's first quarterly loss added to fears of a US recession.

In London the FTSE 100 index of leading shares slumped by more than 3% - its biggest one-day fall since the height of the credit crunch in August.

Meanwhile France's Cac 40 index lost 2.8% while Germany's Dax slid 2.1%.

Sales in US shops fell by 0.4% in December from a year earlier, as consumers tightened their belts.

And Citigroup, the giant US banking firm, reported a $9.83bn (£5bn) net loss for the last three months of 2007, taking its total writedowns as a result of exposure to sub-prime loans to $18bn.

"The losses at Citigroup - whilst fully expected - still seem to be unsettling traders across the Atlantic, whilst at the same time the lacklustre US retail sales figures are confirming that the economy is slowing," said CMC Markets trader Jimmy Yates. Shares slump on recession fears >>>

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