Markets

• Asian software stocks plunge after U.S. peers decline on fears over AI-led disruption - Wall Street's fears around artificial intelligence-driven disruption affecting software companies have made their way into Asia.
• Fed's Stephen Miran resigns from White House post - Federal Reserve Governor Stephen Miran has stepped down from his position as chair of the Council of Economic Advisers, CNBC has confirmed.
• Chipotle stock sinks as restaurant chain reports falling traffic, weak guidance - Chipotle stock has fallen about 33% over the last year, dragging the company's market value down to about $51 billion.
• U.S. military shoots down Iranian drone that 'aggressively approached' aircraft carrier - The U.S. Central Command said the drone approached the USS Abraham Lincoln with "unclear intent."
• Ray Dalio warns the world is ‘on the brink’ of a capital war - The billionaire Bridgewater founder also weighed in on investing in gold after the metal was gripped by a sharp sell-off.
• PepsiCo earnings beat estimates as drinks sales pick up around the world - PepsiCo reported fourth-quarter earnings and revenue that topped Wall Street's estimates.
• India's Nifty 50 skyrockets 5% as U.S.-India trade deal turbocharges stocks - U.S. President Donald Trump on Monday stateside said that U.S. will cut reciprocal tariff on India to 18% from 25%.
• 'GameStop in 2026': How silver market has morphed into meme trading - Silver's rapid surge and equally dramatic reversal ignited questions among investors: when does an asset start behaving like a meme?
• Asia markets rise on U.S.-India trade deal optimism; gold and silver rebound - Asia-Pacific markets rose after U.S. President Donald Trump said Washington and India had struck a trade deal.
• Strategy slides after bitcoin briefly dips below crypto firm's key breakeven level - Bitcoin fell as low as about $74,500 early Monday, dipping below Strategy's average purchase price of $76,052 per token.