Market

For the first time in five weeks, the average weekly retail diesel price saw a decline. Despite President Trump calling for OPEC to reduce oil prices, OPEC+ has stated that it will not increase production before April.

Published on: January 27, 2025, 11:04 PM UTC

Apple and Meta stocks climbed Monday, bucking the tech sell-off trend after DeepSeek's cost-effective AI model release. Apple rose over 3% and Meta climbed nearly 2%. Analysts say Apple's rise is due to the news, while Meta is investing heavily in AI and its own model, Llama.

Published on: January 27, 2025, 11:04 PM UTC

China's DeepSeek AI model is shaking up the tech world, challenging US dominance. With cheaper chips and less data, DeepSeek sparks concerns about the future of AI spending and innovation in the US.

Published on: January 27, 2025, 11:03 PM UTC

The Nasdaq Composite and S&P 500 tanked on Monday as investors questioned AI demand-driven growth prospects after Chinese startup DeepSeek claimed its AI assistant outperforms leading models using cheaper chips and less data. Nvidia, an AI bellwether, plummeted nearly 17%, while Apple, Meta, and Salesforce bucked the tech rout. The Dow gained as investors flocked to defensive sectors, with rising 10-year Treasury yields and surging safe-haven currencies amid trade war concerns. The Federal Reserve's upcoming policy meeting and Big Tech earnings season will be closely watched this week.

Published on: January 27, 2025, 11:02 PM UTC

DeepSeek, a Chinese AI startup, triggers a tech sell-off as investors fear a cheaper open-source large language model. However, top analysts believe the panic-selling may be overdone, citing the potential for increased AI use and productivity gains.

Published on: January 27, 2025, 11:01 PM UTC

Big Tech's earnings growth has been the driving force behind the bull market, but recent news about Chinese AI competition has sparked concerns and led to a sell-off in tech stocks. Investors had been expecting high earnings growth from Big Tech companies, but the news about DeepSeek has raised doubts about whether those expectations will be met. As a result, the sell-off in tech stocks has brought investors back to fundamentals and highlighted the importance of considering other factors in totality.

Published on: January 27, 2025, 11:01 PM UTC

Monday's market sell-off highlights the importance of Big Tech earnings for the bull market and investors' concerns about competition in the AI space.

Published on: January 27, 2025, 10:09 PM UTC

Municipal bonds rise with Treasuries as investors seek haven amid tech selloff. Yields on 10-year securities drop to lowest since December, benefiting from flight to quality and expectations of inflows into municipal ETFs.

Published on: January 27, 2025, 10:09 PM UTC

Tariffs Explained: Impacts, Benefits, Criticisms, and Trump's Use

Published on: January 27, 2025, 10:09 PM UTC

Seacoast Banking Corp. (SBCF) reported fourth-quarter net income of $34.1 million and earnings of 40 cents per share, beating analyst estimates. Adjusted earnings were 48 cents per share, and revenue was $203 million. For the year, the company reported profit of $121 million, or $1.42 per share, on revenue of $515.4 million.

Published on: January 27, 2025, 10:08 PM UTC