Newswire: Feb 5, 2026 4:12 PM EST

Highlights:

• Reddit projects current-quarter sales above Wall Street expectations, reflecting growth in its advertising business two years after going public and authorizes share buyback. Source

• Hundreds of billions wiped from tech stocks as AI selloff spreads across Silicon Valley, with software stocks at the epicenter following developments from AI startup Anthropic. Source

• Australia's biggest companies positioned for strong February earnings season as metals price rally boosts the nation's key mining sector. Source

• Private capital leaders defend software investments amid AI market rout, making pitches across TV, earnings calls and social media to calm fears about private credit funds. Source

• Michigan Attorney General files motion to reconsider state approval for DTE Energy to power Oracle and OpenAI's massive data center development. Source

• KKR to acquire sports investment firm Arctos in $1.4 billion deal as Bitcoin drops below $70,000. Source

• Oracle's record-setting bond deal creates relief in debt markets and primes conditions for other tech giants to raise hundreds of billions for data-center infrastructure, Goldman Sachs reports. Source