Business

SoftBank's AI ambitions face a challenge from DeepSeek's cost-efficient AI model, raising questions about massive AI infrastructure spending necessity. DeepSeek may trigger a near-term market correction for SoftBank and other AI stocks, shifting focus to monetization, which could take years. Despite analyst bullishness with a 30% gain projection, concerns linger, including Stargate's potential negative impact on profitability and DeepSeek's implications for AI economics.

Published on: February 14, 2025, 12:01 PM UTC

Airlines for America, representing Delta and American, urges the Trump administration to halt a review into cash compensation for flight delays, citing increased ticket prices and canceled flights as potential consequences.

Published on: February 14, 2025, 12:00 PM UTC

JPMorgan CEO Jamie Dimon calls for restructuring of financial regulatory agencies, including the CFPB, arguing for a streamlined system that balances consumer protection with efficient banking practices.

Published on: February 14, 2025, 11:02 AM UTC

Sustainable investors are shifting their messages to match changing markets, downplaying references to climate change and related topics due to declining prices for green investments and political headwinds.

Published on: February 14, 2025, 11:01 AM UTC

Indonesia to Launch Sovereign Wealth Fund with $900 Billion Mandate for Growth

Published on: February 14, 2025, 10:00 AM UTC

Indian Prime Minister Narendra Modi and SpaceX CEO Elon Musk discussed innovation, space exploration, sustainable development, entrepreneurship, and good governance during their meeting in the U.S. Musk's Starlink satellite internet service faces regulatory challenges in India, while Tesla awaits entry into the country's auto market.

Published on: February 14, 2025, 10:00 AM UTC

Hermès sales surged 18% in Q4 as wealthy shoppers snapped up its pricey handbags, boosting market cap to €300 billion, outperforming rivals LVMH and Kering.

Published on: February 14, 2025, 09:01 AM UTC

Chinese stocks in Hong Kong rally on optimism over AI capabilities, with the Hang Seng China Enterprises Index hitting its highest since February 2022.

Published on: February 14, 2025, 09:00 AM UTC

Dubai Crown Prince, Sheikh Hamdan, signs an agreement with Elon Musk's Boring Company to construct the Dubai Loop Project, a high-speed transportation network with a capacity of 160,000 passengers per hour and a track length of over 100 kilometers.

Published on: February 14, 2025, 08:00 AM UTC

Spanish telecom Telefonica hires JPMorgan to sell its Mexican business

Published on: February 14, 2025, 08:00 AM UTC