AI could be at financial companies next – Weak U.S. retail report weighs on stocks


Traders work at the New York Stock Exchange on February 10, 2026.

New York Stock Exchange

What artificial intelligence cannot do claim to do now? Tech Platform Altruist Announce On Tuesday, it’s a tool that helps users do tax planning in “minutes” — an act that’s known to be more complex than quantum physics.

Financial stocks fluctuate The claims come as investors worry that AI tools could replace or at least reduce their value. Set up consulting firm and bank name. LPL Finance down 8.3%, Charles Schwab Plunged 7.4% Morgan Stanley down 2.4%.

Weak U.S. economic data further weighed on investor sentiment. In December, seasonally adjusted retail sales were flat from the previous month, missing the 0.4% increase expected by a Dow Jones economists survey. The numbers are likely to disappoint not only Wall Street but also those who were expecting more from Christmas.

The weak retail sales report also cast a shadow over U.S. non-farm payrolls data for January released on Wednesday morning. After all, it’s hard to shop without job security.

Most major U.S. benchmark stock indexes fell as a result of the developments. this S&P 500 Index Down 0.33% Nasdaq Composite Index down 0.59%. this Dow Jones Industrial Average, However, the stock still managed to eke out a 0.1% gain, setting another record close. Anthony Saglimbene, chief market strategist at Ameriprise Financial, told CNBC that the market has shown “a shift toward other areas that may be less affected by artificial intelligence trading.”

In Asia, signs of regional economic health will come from China’s January consumer and producer price index due later today. In terms of profitability, Bank of Singapore DBS Bank Fourth-quarter net income reported on Tuesday showed did not meet expectationsalthough CapitaLand Investment reported today that its chief financial officer is “Squawk Box Asia” discusses Singapore Asset Management’s performance.

—CNBC’s Michelle Fox contributed to this report.

What you need to know today

Alphabet is planning to sell debt againthe company is about to finalize Global bond issuance The deal is worth more than $30 billion, according to two people familiar with the matter. This is what comes after it raised $20 billion on Monday.

Ford reports its biggest mistake Four years of quarterly earnings. The automaker’s earnings per share for the final three months of 2025 were Adjusted 13 cents32% below analysts’ expectations of 19 cents, largely due to unexpected tariff costs.

Alibaba launches robot artificial intelligence model. It’s named RynnBrain, and it’s designed to help robots Understand the physical world be around them and identify objects. Robotics falls under the umbrella term known as “physical artificial intelligence,” which includes machines that rely on artificial intelligence.

Dow closes at new highbut other Major U.S. stock indexes fell on Tuesday A disappointing retail sales report and financial stocks came under pressure. European Stoke 600 Down 0.07% in income Philips, blood pressure and dry.

(PRO) Buy gold on dips, Wells Fargo it wrote in a note to clients on Monday, adding that it expected the precious metal to stabilize. This is where banks see golden trend By the end of 2026.

at last…

Investors warn Britain’s latest political impasse could unleash a ‘Sword of Damocles’ on UK bond markets

British Prime Minister Keir Starmer’s decision to appoint Peter Mandelson as ambassador to the United States in 2024 has been criticized, with pressure mounting on Mandelson despite his links to disgraced financier and sex criminal Jeffrey Epstein.

Government borrowing costs rose sharply on Monday as key members of Starmer’s team resigned and a senior politician from his own Labor Party called on him to step down. Market watchers say the prospect of a leadership challenge poses significant risks for gilt investors.

—Chloe Taylor



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