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Mexico Central Bank Governor Rodriguez: Helicoide Detention Center To Be Converted To Social, Sports Center
[Guterres: UN Faces Financial Collapse, Funds May Run Out By July] On January 30, Local Time, UN Secretary-General António Guterres Warned That The UN's Funds May Run Out By July Due To The Accumulating Unpaid Dues, And The Global Organization Is Facing An "imminent Financial Collapse." In A Letter To Permanent Representatives Of Member States To The UN, Guterres Wrote: "This Crisis Is Deepening, Threatening Project Implementation And Risking Financial Collapse. And The Situation Will Worsen Further In The Near Future." Guterres Pointed Out In The Letter That Either All Member States Must Fully And Timely Fulfill Their Dues Obligations, Or Member States Must Fundamentally Reform Their Financial Rules To Prevent The Imminent Financial Collapse
Hong Kong Port Operator Violated Panama's Constitution, Failed To Serve Public Interest, Panama Court Ruled
South Korea Signs Deal With Norway To Supply Multiple Launch Rocket System Valued At 1.3 Trillion Won -South Korea Presidential Chief Of Staff
[Arctic Cold Wave Hits: Florida Citrus Industry At Risk Of Frost] The Southeastern United States Is Bracing For A Powerful Storm, Potentially Bringing Devastating Frost To Florida's Citrus Belt And Heavy Snowfall To The Carolinas. The Wind Chill In Central Florida's Orange-growing Regions Could Drop To Single Digits (Fahrenheit); Much Of Polk County Is Expected To Experience Sub-zero Temperatures, Threatening The Statewide Citrus Harvest. The Storm Is Also Expected To Bring Strong Winds And Coastal Flooding To The East Coast. Approximately 1,000 Flights Have Already Been Canceled Across The U.S. This Weekend, With Half Of Them Concentrated At Hartsfield-Jackson Atlanta International Airport
[Former Goldman Sachs Executive: Warsh's Fed Chairship Could Reduce Risk Of Massive Sell-Off Of US Assets] Fulcrum Asset Management Stated That Nominating Kevin Warsh As The Next Federal Reserve Chairman Reduces The Risk Of A Massive Sell-off Of US Assets Because The New Leader Is Expected To Take Measures To Address Inflation. "The Market Will Breathe A Huge Sigh Of Relief, And So Will The Dollar Market," Said Gavyn Davies, Co-founder And Chairman Of The London-based Firm, In A Video Released On The Fulcrum Website. He Added That Choosing Warsh Reduces The Risk Of A "crisis-laden 'sell America' Trade."
MSCI Emerging Markets Benchmark Equity Index Fell 1.7%, Its Worst Single-day Performance Since November 2025, Narrowing Its January Gain To Approximately 9%, Still Its Best Monthly Performance Since 2012. The Emerging Markets Currency Index Fell About 0.3%, Narrowing Its January Gain To 0.6%. On Friday, The South African Rand Fell 2.6% Against The US Dollar, Its Worst Performance Since April
Pentagon - USA State Department Approves Sales Of Joint Light Tactical Vehicles To Israel For $1.98 Billion
Federal Reserve Governor Bowman: I Look Forward To Working With Kevin Warsh, President Trump's Nominee For Federal Reserve Chairman
On Friday (January 30), At The Close Of Trading In New York (05:59 Beijing Time On Saturday), The Offshore Yuan (CNH) Was Quoted At 6.9584 Against The US Dollar, Down 137 Points From The Close Of Trading In New York On Thursday, Trading Within A Range Of 6.9437-6.9612 During The Day. In January, The Offshore Yuan Generally Continued To Rise, Trading Within A Range Of 6.9959-6.9313
House Speaker Boris Johnson Told House Republicans That He Hopes To Vote On The Senate's Draft Bill On Government Funding Next Monday
Fed Governor Bowman: Absent A 'Clear And Sustained' Improvement In Job Market, We Should Be Ready To Adjust Policy To Bring It Closer To Neutral

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What Happened?
A number of stocks fell in the afternoon session after a broad sell-off in the software sector was triggered by mixed earnings from industry leaders SAP and ServiceNow.
The negative sentiment across the industry was sparked after SAP's cloud backlog and its cloud revenue outlook fell short of some forecasts. Similarly, ServiceNow's stock dropped despite reporting better-than-expected results, fueling concerns that rising AI-related costs could pressure profits for enterprise software companies. The news sparked broader fears that AI was transforming the sector faster than companies could capitalize on it, leading the S&P 500 Software and Services Index to fall.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
Zooming In On Domo (DOMO)
Domo’s shares are extremely volatile and have had 43 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 7 days ago when the stock gained 4.5% on the news that reports of easing geopolitical tensions in Greenland boosted investor sentiment.
The relief rally saw major indices, including the S&P 500 and the tech-heavy Nasdaq Composite, rebound as investors moved back into riskier assets. This positive shift was reflected across the technology landscape, with all of the Magnificent Seven tech firms seeing their shares climb. The easing of international friction reduced market uncertainty, which often encourages investment in growth-oriented sectors like technology. The move was part of a broader market upswing, with the Dow Jones Industrial Average adding 500 points, signaling increased investor confidence.
Domo is down 28.8% since the beginning of the year, and at $5.91 per share, it is trading 67.5% below its 52-week high of $18.20 from September 2025. Investors who bought $1,000 worth of Domo’s shares 5 years ago would now be looking at an investment worth $93.23.
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