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GOOGLearningstech stocksWall Street
Open a keyword to see other news on the same topic.
Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/29/2026 | 283.75 |
| Change that session | -12.66% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.53 |
| Change that session | -0.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Latest news
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Domestic gold prices fell 800,000 to 1.3 million VND per tael on the morning of 30/10, hitting their lowest level in a month. SJC, PNJ and Bảo Tín Mạnh Hải quoted bid prices of 138.4 million VND and ask prices of 141.4 million VND per tael, while Mi Hồng's bid was 139.9 million VND; gold rings also dropped by 800,000 to 1.3 million VND per tael, with prices varying by brand. Spot gold in the early hours of 30/10 traded at 4,023.8 USD per ounce, down 6.6 USD (0.16%). Gold has been under pressure as the US economy grew faster than forecast and inflation remained high, reinforcing expectations that the Fed will keep tightening and raise rates by year-end, while lower oil prices and new US-Iran diplomatic signals eased energy inflation concerns. The Fed held rates steady with a 10-2 vote, and a stable US labour market could leave room for a rate hike in December.
- One Stock Snaps 29-Session Floor-Price Losing Streak; One-Third of Companies Change Hands
Shares of Kosy Corp (KOS) hit the daily limit up at 4,060 VND per share in the morning session on Oct 30, ending a streak of 29 consecutive floor-price sessions that began on Sept 21, with over 74 million shares matched. During the slide, the stock fell from above 30,000 VND per share on Sept 18 to 3,800 VND at the close on Oct 29, losing more than 87% of its value and shrinking market capitalization by about 5,700 billion VND. Selling pressure came from margin-call forced sales by several major shareholders and related parties, including Chairman Nguyễn Việt Cường, but only about 2.44 million shares were sold this way because many sales failed for lack of matching buyers. Kosy attributed the drop to investor sentiment, brokerages reducing margin lending ratios and forced selling, and said its core real estate and renewable energy businesses continue as planned. In H1 2026, revenue reached nearly 723 billion VND (up 9% year on year) and after-tax profit was about 15 billion VND, while borrowings of nearly 2,000 billion VND made up over 73% of total liabilities.
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Binance may have lost more than $6 billion in crypto in an attack that analysts describe as the largest in the industry's history. Chainalysis estimates the losses at $5.9 billion and TRM Labs puts them above $6 billion, while some security experts suggest the actual figure could be between $2 and $5.5 billion; the exchange has not disclosed the cause or total losses. Binance halted deposits and withdrawals and has frozen about $3 billion in related assets, with Tether, Circle and Ripple also freezing funds. Founder Changpeng Zhao said the incident appears to be a cyberattack and that user assets are safe, while co-founder Yi He said the company will cover all losses. Bitcoin fell about 2% to $77,646, BNB dropped more than 8% over 24 hours, and Coinbase shares fell 4.8%.
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Geoffrey Kendrick of Standard Chartered says the Binance hack could accelerate a shift toward decentralized exchanges, benefiting Uniswap over the longer term. He expects the DEX share of trading relative to centralized platforms to keep rising, though investors should wait until the impact of the attack plays out in the markets. CoinGecko data show the top 10 spot DEX-to-CEX ratio reached 23.5% in the second quarter of 2026, up 2.1 percentage points from the first quarter. Kendrick keeps his $100 price target for Uniswap's UNI token for 2030 and says the hack is another reason that forecast may be too low, while also expecting further negative price action in the near term. Meanwhile, AAVE fell 11.3% to $118.54 and UNI dropped 10.4% to $6.48.
- Asian currencies mixed as dollar retreats, yen steadies ahead of BOJ decision
Asian currencies were mixed on Friday, with the yen steady ahead of the Bank of Japan's policy decision while the US dollar weakened alongside Treasury yields amid a fresh AI-stock selloff. The dollar index fell 0.3% to 101.76 but is still on track for a 0.3% gain in October, and USD/JPY slipped 0.2% to 157.51. The BOJ is widely expected to hold its policy rate at 1.25% despite persistent inflation, with markets looking for a relatively hawkish message and pricing in around an 80% chance of a December rate hike. The Fed, ECB and RBNZ all kept rates unchanged this week, and elevated energy prices and the Middle East conflict mean further tightening has not been ruled out. The Australian dollar was little changed at $0.7033, and investors are weighing producer-price data against September inflation ahead of the RBA meeting.
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Alphabet shares fell 12%, wiping out about $500 billion in market value after third-quarter results missed expectations even as revenue rose 25% to $127.6 billion (versus $127.9 billion expected). Operating income increased from $31.2 billion to $40.6 billion, but GAAP EPS fell from $2.87 to $2.12 due to a $12.4 billion loss on equity securities, primarily tied to its SpaceX investment. Google Cloud revenue jumped 103% to $30.7 billion, while Search revenue rose just 12% to $63.4 billion, its slowest growth since 2023, as queries shift to AI Mode or other chatbots. Management described the search slowdown as transitional as it expands ads in AI Mode, and noted queries grew at their fastest rate in five years. The company reported a $9 billion free cash flow loss in the quarter, reflecting planned capex of $195 billion to $205 billion, which also worried investors.
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