Posts with tag: budget
Americans pay lower taxes than citizens of other developed countries, primarily due to the absence of a value-added tax (VAT) and a lower overall tax burden at 25.2% of GDP. However, this tax savings comes with trade-offs, including a reliance on states for social programs and a smaller federal safety net.
Published on: January 28, 2025, 03:03 PM UTC
AI Technology Raises Concerns About US Electricity Demand Growth and Slows Utility Sector Stocks
Published on: January 28, 2025, 12:00 AM UTC
After an AI app from Chinese startup DeepSeek unseated an OpenAI app as the top free download in the U.S., shares of Nvidia and other AI stocks have fallen. But some analysts see this as a buying opportunity for stocks like Nvidia, Microsoft, Alphabet, Palantir, AMD, and Micron Technology.
Published on: January 27, 2025, 11:00 PM UTC
Monday's sell-off highlights the importance of big tech earnings for the bull market and investors' expectations for 2025. Nvidia, Microsoft, Alphabet, and Broadcom declined as DeepSeek AI raised competition concerns. Big Tech earnings growth is a key pillar of the bull market thesis, with the "Magnificent Seven" expected to grow earnings by 21.7% in Q4.
Published on: January 27, 2025, 05:03 PM UTC
AI-Powered Stock Sell-Off Hits Energy Sector as DeepSeek's Advance Raises Questions on Spending
Published on: January 27, 2025, 05:01 PM UTC
Trading cards are becoming an increasingly popular part of investors' portfolios, with companies like PSA providing authentication and storage services. This sector has become an essential part of some investors' liquid assets, and is expected to continue growing as more people get into collecting.
Published on: January 27, 2025, 12:02 PM UTC
DeepSeek AI Assistant, a Chinese startup, has surpassed ChatGPT to become the top-rated free app on Apple's US App Store, challenging US dominance in AI and questioning the effectiveness of export controls.
Published on: January 27, 2025, 06:00 AM UTC
Covenant Logistics Group, a Chattanooga-based company, reported a 1% increase in fourth-quarter revenue to $277 million. The company anticipates improved market conditions in the freight industry over the next several months.
Published on: January 24, 2025, 08:00 PM UTC
A strong dollar is boosting travel to Europe, with major airlines like United and Delta seeing record profits. The greenback's rise has made US products more expensive abroad but has also increased the purchasing power of US travelers in Europe. As a result, airlines are adding more routes to popular European destinations and expanding their premium travel offerings to capitalize on the increased demand.
Published on: January 24, 2025, 07:03 PM UTC
Japan's largest LNG buyer, JERA, plans to increase purchases from the US to diversify supply and meet rising demand from data centers and AI.
Published on: January 24, 2025, 11:00 AM UTC