Posts with tag: health
US tech giants face questions on China's DeepSeek AI model impact in upcoming earnings calls as it offers similar effectiveness at a lower cost, shaking the tech industry and raising concerns about future infrastructure spending, especially for chip demand.
Published on: January 28, 2025, 10:09 PM UTC
Investors fear a cheaper AI model from China could hurt earnings for US tech giants, such as Nvidia and Broadcom, and challenge the dominance of US hyperscalers in AI. This has sparked a sell-off in the S&P 500 and Nasdaq Composite, indicating a potential shift in market leadership away from Big Tech towards broader stock market returns in the future.
Published on: January 28, 2025, 10:03 PM UTC
JetBlue Airways Corp. (JBLU) reports a Q4 loss of $44 million, beating Wall Street expectations. Revenue of $2.28 billion also topped forecasts. For the year, the company reported a loss of $795 million, or $2.30 per share, with revenue of $9.28 billion.
Published on: January 28, 2025, 01:09 PM UTC
Boeing reports a $3.8 billion quarterly loss amid production issues and a strike.
Published on: January 28, 2025, 01:07 PM UTC
Lockheed Martin Corp. reported fourth-quarter earnings of $527 million, or $2.22 per share, with adjusted earnings of $7.67 per share. Revenue was $18.62 billion, below expectations.
Published on: January 28, 2025, 01:05 PM UTC
Discover money market account (MMA) interest rates, including today's highest rates. Compare MMAs with high returns and low fees to maximize your savings growth.
Published on: January 28, 2025, 12:07 PM UTC
Google appeals EU antitrust fine, arguing it punished innovation
Published on: January 28, 2025, 10:01 AM UTC
Smithfield Foods prices IPO below forecast, raising $521.7 million, below the $23-$27 per share range that would have raised as much as $939.6 million.
Published on: January 28, 2025, 07:02 AM UTC
The Nasdaq sank on Monday as a Chinese startup's AI model raised concerns about US dominance and profitability in the sector. The tech sector rout led by Nvidia's record-breaking $589 billion market value loss dragged down broader markets, but the Dow Jones Industrial Average gained as investors sought defensive assets. DeepSeek's claims about its AI model's efficiency sparked questions about the future of AI demand-driven growth, while Big Tech earnings and the Federal Reserve's policy meeting are in focus this week.
Published on: January 28, 2025, 03:02 AM UTC
Oil steadies after US tariff threat, Brent near $77
Published on: January 28, 2025, 02:00 AM UTC