Tech stocks tumble; the Senate’s shutdown compromise, and more

科技股暴跌;参议院的停摆妥协,以及其他新闻。

The World in Brief from The Economist

2026-01-30

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Technology stocks tumbled over worries that vast AI spending, particularly on data centres, was not generating sufficient returns. Hosted on Acast. See acast.com/privacy for more information.
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  • Technology stocks tumbled over worries that vast AI spending,

  • particularly on data centres, was not generating sufficient returns.

  • The tech heavy NASDAQ index closed 0.7% lower.

  • Microsoft's poor results prompted the sell-off.

  • Although its cloud computing units saw revenues rise by 38% on a year earlier,

  • the firm's capital expenditure rose by 66%.

  • Its shares fell by 10% on Thursday, the biggest drop since 2020.

  • America's Senate potentially averted a partial government shutdown before this weekend's deadline,

  • passing spending bills for five agencies and agreeing to temporarily extend the deadline on the 6th.

  • final package, funding for the Department of Homeland Security while negotiations continue.

  • Democrats are demanding restrictions on the Trump administration's immigration crackdown.

  • However, the House of Representatives which must approve these changes is in recess until Monday.