World Economy

Tech Selloff Weighs on Market as Major Earnings Disappoint; Binance Hack Hits $6.3B

FW Desk News

FreightWatch.News

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Friday, October 30, 2026

Equity futures declined following weaker-than-expected earnings reports from Amazon and Intel, signaling renewed pressure on technology stocks. The earnings misses prompted broader market concerns about corporate performance in the sector. Binance estimates $6.3 billion was stolen in a hack, the largest to hit the digital-asset industry. Separately, the Bank of Japan signaled readiness to raise interest rates in December after achieving its inflation targets. The potential rate increase marks a significant shift in monetary policy for the central bank, with possible implications for global financial markets and currency valuations.

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