Tag: adventure

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Stock Market Futures Rise Ahead of Fed Meeting, Tariff Concerns

Nasdaq and S&P 500 futures up; tech sector recovers from Monday's sell-off, buoyed by Nvidia's pre-market gains.

Brazil Backs Possible Gol-Azul Merger to Strengthen Aviation Sector

Planned Merger of Gol and Azul Airlines Gains Government Support

Nasdaq, S&P 500 battered over AI fears as Nvidia wipes out record $589 billion in market value

Tech stocks plummeted on Monday due to growing concerns about US artificial intelligence (AI) dominance and the rise of Chinese AI startup DeepSeek. The Nasdaq Composite (^IXIC) sank over 3%, while the S&P 500 (^GSPC) dropped nearly 1.5%. AI bellwether Nvidia (NVDA) plunged nearly 17%, wiping out a record $589 billion in market value. DeepSeek's AI model reportedly uses cheaper chips and less data than leading models, leading investors to question the future of AI demand-driven growth. Other tech giants, including Apple (AAPL), Meta (META), and Microsoft (MSFT), also faced losses. The Federal Reserve's upcoming policy meeting and President Trump's trade war concerns added pressure to the market. However, defensive stocks gained, including Johnson & Johnson (JNJ) and Procter & Gamble (PG), helping to soften the blow to the Dow Jones Industrial Average (^DJI) which ended the day with a modest gain.

HSBC to shrink banking operations in major shake-up

HSBC to wind down M&A and equity capital markets businesses in Europe, UK, and Americas as part of investment banking shake-up.

Junko Koeda Nominated for Bank of Japan Board

Japan nominates female academic Junko Koeda to the Bank of Japan board, signaling continued support for policy normalization and potentially marking a historic step in diversity.

OpenAI CEO Sam Altman Weighs in on Chinese Startup AI Model

Chinese startup DeepSeek's R1 AI model impresses OpenAI CEO Sam Altman, but he emphasizes the importance of greater computing power for OpenAI's success.

Microsoft in the Running to Acquire TikTok

Microsoft is among US companies in talks to acquire TikTok, says Trump

Cooling in Indian Real Estate Stocks Spurs Investors to Buy

Indian real estate stocks are experiencing a cooling-off period, presenting an opportunity for selective buying as long-term prospects remain positive. Despite broader risk-off trading and economic growth slowdown, demand for luxury properties and solid earnings reports from major firms suggest upside potential.

China Vanke Gets Lifeline From Shenzhen as Property Slump Deepens

China Vanke, a major property developer, has received support from state authorities, indicating its importance to the sector and signaling Beijing's willingness to stabilize the housing market. The move comes amid a property slump that has led to defaults by several firms.

Overcoming Obstacles: Small Business and LGBTQ+ Entrepreneurship in Uncertain Times

Former Biden adviser discusses the impact of the Trump administration on small businesses and offers tips for staying resilient.