Posts with tag: government
A new AI model from DeepSeek is sending shockwaves through tech stocks, with Nvidia down 10% premarket. Investors are excited about Trump's pro-business agenda, but some worry about high interest rates and tariffs. Despite interest in sunnier locations, New York City remains the center of the hedge fund universe.
Published on: January 28, 2025, 12:01 AM UTC
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.
Published on: January 27, 2025, 03:01 PM UTC
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.
Published on: January 27, 2025, 01:06 PM UTC
Global stocks fell as Chinese AI startup DeepSeek threatens US dominance; posing a challenge to industry leaders like Nvidia and their valuations.
Published on: January 27, 2025, 09:00 AM UTC
Asian shares advanced on optimism about artificial intelligence in China, despite Trump's tariffs on Colombia dampening risk appetite. Tech firms linked to DeepSeek, an AI startup gaining traction, rallied in China. However, US futures declined amid concerns about potential disruption to US technological leadership.
Published on: January 27, 2025, 04:00 AM UTC
Tesla rally expected to resume as analysts focus on AI potential and optimistic about Q4 earnings.
Published on: January 26, 2025, 04:00 PM UTC
America's love for meat sticks, a rapidly expanding snack category, is at an all-time high. From classic options like Slim Jim to healthier alternatives using grass-fed meat, there's a meat stick for every taste and lifestyle.
Published on: January 26, 2025, 03:02 PM UTC
NPR reported that the Trump administration is working on a plan to save TikTok by Oracle and American investors who will control the app's global operations but ByteDance will retain a minority stake.
Published on: January 25, 2025, 11:00 PM UTC
Gold surged close to a record high as the US dollar weakened after President Trump signaled a less aggressive approach to China. The precious metal is up almost 3% this week on haven demand amid uncertainty over the global economic outlook.
Published on: January 24, 2025, 04:07 PM UTC
Bank stocks rise on expectations of deregulation and M&A activity in the Trump era.
Published on: January 24, 2025, 04:03 PM UTC