Business

DeepSeek's new AI models are shaking up the tech industry, posing a challenge to OpenAI's proprietary models. The AI market is witnessing a disruption, with Nvidia stocks impacted and investors speculating on the sustainability of the rally.

Published on: January 28, 2025, 02:01 AM UTC

Home gym essentials for a full-body workout without leaving home

Published on: January 28, 2025, 02:00 AM UTC

DeepSeek's AI models send shockwaves through tech stocks, leading to a drop in Nvidia's premarket value. Investors question the sustainability of the market rally amid high interest rates and concerns about inflation and regulation.

Published on: January 28, 2025, 01:03 AM UTC

GM investors expect strong Q4 results, with revenue of $44.46 billion and adjusted EPS of $1.83. Challenges remain in 2025, including EV growth and geopolitical issues. GM expects 2025 adjusted EBIT to be in a similar range to 2024 results, despite a writedown in its China business.

Published on: January 28, 2025, 01:03 AM UTC

Former Biden administration adviser Jonathan Lovitz advises small business owners to seek local support amid political uncertainty. Despite federal setbacks, he believes state and local governments are stepping in to support underrepresented communities.

Published on: January 28, 2025, 01:02 AM UTC

Australian business activity rebounded in December as Christmas demand lifted retail sales, but confidence remains low due to rising costs.

Published on: January 28, 2025, 01:00 AM UTC

A growing number of consumers owe more on their car loans than their vehicles are worth. This is known as being "upside down" on a car loan. In the fourth quarter of 2024, 24.9% of trade-ins toward new-car purchases had negative equity, up from 20.4% in the fourth quarter of 2023. The average amount owed on upside-down auto loans is $6,838, an all-time high. Some 1 in 4 consumers with negative equity owe more than $10,000 on their loans when they're trading in their car or truck for a new set of wheels.

Published on: January 28, 2025, 12:05 AM UTC

Scott Bessent is confirmed as the next U.S. Treasury Secretary, becoming President Trump's chief economic spokesman. Bessent, a former hedge fund manager, will face immediate challenges including managing the US debt load, implementing tax cuts, and addressing foreign adversaries with sanctions.

Published on: January 28, 2025, 12:04 AM UTC

Tax season 2024 is upon us. The IRS Direct File program has expanded to 25 states and now includes new features such as automatic W-2 import and support for various tax credits. Gig workers and small businesses using payment apps like PayPal may receive 1099-K forms due to new reporting rules. The standard deduction has increased to $14,600 for individuals and $29,200 for couples.

Published on: January 28, 2025, 12:03 AM UTC

GM's Q4 results, due Tuesday, are expected to show continued strong performance, with analysts predicting revenue and earnings above last year's numbers. Despite challenges in its EV business and other areas, GM's strong truck and SUV sales and stock repurchase plans have boosted its profitability. Investors will be looking for updates on GM's EV strategy, autonomous driving technology, and potential trade headwinds.

Published on: January 28, 2025, 12:03 AM UTC