FEAR & GREED | Business News Afternoon Report | Attempted bombing declared terrorism
5 snips
Feb 5, 2026 Markets slip as ASX, materials and crypto see sharp sell-offs. Bitcoin slides to its lowest level since the 2024 election. A Perth attempted bombing is now being treated as terrorism. A tribunal backs Bunnings on facial-recognition use but flags privacy breaches. ICE reduces officers in Minnesota while a major news outlet announces widespread newsroom cuts.
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Materials Sell-Off Triggered By Tech Shock
- The ASX fell after materials were hit by plunging metal prices, with silver down 12.7% and miners slumping.
- AMD's 17% drop and worries about AI demand rippled into uranium stocks, showing cross-market contagion.
Perth Attack Classified As Terrorism
- Authorities have declared the attempted bombing at a Perth Invasion Day rally an act of terrorism driven by racist pro-white ideology.
- The accused faces life imprisonment after police said he self-radicalised online and targeted about 2,500 protesters.
Bunnings Wins But Privacy Breach Found
- The tribunal backed Bunnings' use of facial recognition to curb repeat violence and theft but found privacy-notification breaches from 2018–2021.
- The ruling sets a precedent balancing retailer crime prevention and customer privacy obligations.