Market

Asian markets declined on Friday due to pressure from technology companies. Despite gains in Australian equities, a gauge of Asian shares fell after two days of advances. Futures for the S&P 500 and Nasdaq 100 rose after strong results from Apple Inc. and gains in mega-cap tech companies. However, Nvidia shares remained on track for their worst week since September. In the foreign exchange market, the currencies of Mexico and Canada weakened after President Trump threatened to impose tariffs on imports. Gold and oil prices rose, with the PCE index expected to show a slight pickup in inflation.

Published on: January 31, 2025, 01:01 AM UTC

The SEC has approved part of an application for a novel exchange-traded fund that would track the two largest cryptocurrencies, Bitcoin and Ethereum.

Published on: January 31, 2025, 01:00 AM UTC

A new GDP report and inflation reading this week should reinforce the Fed's wait-and-see approach on interest rates. The Fed is adopting a more cautious stance as they evaluate the economic policies of the new Trump administration.

Published on: January 31, 2025, 12:02 AM UTC

DeepSeek set off alarm bells on Wall Street with its claim to train an open-source AI model for just $5 million, raising questions about whether Big Tech firms like Meta and Microsoft are overspending on AI infrastructure. However, both Meta and Microsoft CEOs downplayed the threat, saying that DeepSeek's advances will ultimately benefit their companies too.

Published on: January 31, 2025, 12:02 AM UTC

President Donald Trump is aiming to reshape the US trade policy using tariffs. Leading up to his return to office, Trump has threatened tariffs on goods from China, Mexico, Canada, and the European Union. The uncertainty around tariffs has left many in wait-and-see mode, including businesses and world leaders. Trump's pick for Commerce secretary, Howard Lutnick, supports "across the board" tariffs.

Published on: January 31, 2025, 12:02 AM UTC

Trump's self-imposed Feb. 1 deadline for tariffs on Canada, Mexico, and China looms, causing uncertainty and weighing on business decisions. Economic experts and world leaders are closely watching the developments as markets anticipate potential impacts on growth and inflation.

Published on: January 31, 2025, 12:01 AM UTC

US stocks advanced on Thursday as investors processed earnings from tech giants and waited for Apple's (AAPL) results for further insights into the prospects of Big Tech. The S&P 500 (^GSPC) gained 0.5%, while the Dow Jones Industrial Average (^DJI) rose 0.4%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.3%.

Published on: January 31, 2025, 12:01 AM UTC

Apple's Q1 earnings beat estimates but missed on iPhone revenue, with Greater China sales falling short. Despite AI push and upcoming product releases, iPhone market share declined.

Published on: January 31, 2025, 12:01 AM UTC

Samsung wins Nvidia approval to supply HBM3E chips for AI processors

Published on: January 31, 2025, 12:00 AM UTC

Tokyo inflation accelerates, supporting BOJ's hawkish outlook. Consumer prices excluding fresh food rose 2.5% in January, a 11-month high, matching economists' estimates and indicating persistent inflationary pressures.

Published on: January 31, 2025, 12:00 AM UTC