Salesforce, a customer relationship management (CRM) company, experienced a drop in its share value by over 17% during extended trading on Wednesday. This decline followed the release of its fiscal first-quarter earnings report, which revealed revenue figures that fell short of analysts’ estimates and provided guidance for the second quarter that was weaker than expected.

The recent violent riots in New Caledonia, a French territory, have led to an increase in the price of nickel. Nickel is a crucial metal in the transition away from fossil fuels and its price has been impacted by global conflicts affecting the market.

Oil prices are known for their constant volatility. In the past year alone, the price of U.S. crude has experienced significant fluctuations, ranging from $67 to $94 per barrel.

The software sector has been causing concern among investors this year, and the latest earnings report from Salesforce Inc. has only intensified these worries.

BlackRock Inc.’s iShares Bitcoin Trust has surpassed the Grayscale Bitcoin Trust to become the largest fund for Bitcoin, accumulating nearly $20 billion in total assets since its US listing earlier this year. According to Bloomberg data

China has established the largest semiconductor investment fund in the country’s history, aiming to boost the development of the domestic chip industry. This move comes as Beijing strives for self-sufficiency in response to the US’s efforts to limit its growth.

A recent study conducted by the Federal Reserve Bank of San Francisco predicts that extreme heat will have a negative impact on the US economy. The study highlights that the construction sector, which contributes significantly to the country’s economic output and employs a large number of outdoor workers, will be particularly vulnerable.

The Nasdaq achieved a historic milestone on Tuesday, surpassing 17,000 for the first time ever. This achievement was driven by the strong performance of Nvidia, which saw a 7% increase in its stock price. This positive momentum also benefited other chip stocks, leading to a 1.9% rise in the semiconductor index.