Tag: current events

Posts with tag: current events

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Freeland: Canada Can Help Trump Reshape Global Trade, Counter China

Chrystia Freeland, Canada's candidate for prime minister, suggests collaborating with the US to reshape global trade and lessen China's dominance while standing up to President Trump's administration.

Form 1099-K: What It Means for Taxpayers in 2025

New IRS Form 1099-K tracks online income, ensuring more comprehensive reporting. Understand its implications and how to manage it.

Chinese AI Startup DeepSeek Eyes Global AI Dominance with Open-Source Model

Founder of DeepSeek, Liang Wenfeng, presents China's AI tech advancements and open-source initiatives to potentially disrupt the global AI landscape following US export controls.

GM Q4 Results: Revenue and Earnings Beat Estimates, but Challenges Remain

GM investors expect strong Q4 results, with revenue of $44.46 billion and adjusted EPS of $1.83. Challenges remain in 2025, including EV growth and geopolitical issues. GM expects 2025 adjusted EBIT to be in a similar range to 2024 results, despite a writedown in its China business.

DeepSeek's AI Advancements: Potential Game-Changer for Tesla's Embodied AI Push

Tesla poised to benefit from renewed AI focus as DeepSeek's advances spark tech rout; Embodied AI seen as key area for growth with potential for millions of Tesla vehicles using self-driving software.

Starbucks Q1 Preview: Wall Street Expects Declines

Starbucks is striving to brew up a comeback, with Wall Street expecting its first quarter fiscal year 2025 results on Tuesday. Analysts expect revenue to come in at $9.32 billion, compared to $9.43 billion from the year-ago quarter, and same-store sales and foot traffic are projected to decline.

GM Q4 Earnings Preview: Consensus Beats, Challenges Remain

GM to Report Q4 Results, Analysts Expect Revenue of $44.46B, EPS of $1.83

Nasdaq Plunges on AI Concerns as DeepSeek Raises Questions Over US Tech Dominance

The Nasdaq plunged by nearly 3% on Monday, led by a sell-off in tech stocks following concerns about US leadership in artificial intelligence (AI) after the emergence of Chinese startup, DeepSeek. Chip-related stocks, such as Nvidia, ASML, and Broadcom, faced significant losses as investors reassessed AI-driven growth prospects. The Dow Jones Industrial Average fell by 0.2%, while the S&P 500 dropped by 1.7%. Economic data releases, including the Chicago Fed National Activity Index and new home sales, are expected today, while investors await earnings reports from companies like AT&T, Nucor, and SoFi.

Rand Falls on Political Rift, Trump Tariff Threats

South Africa's rand fell against the dollar due to political tensions and concerns over US tariff threats, leading to outflows from local asset markets.

Chinese AI Startup DeepSeek Threatens US Tech Dominance

Global stocks fell as Chinese AI startup DeepSeek threatens US dominance; posing a challenge to industry leaders like Nvidia and their valuations.