Tag: nature

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.

Published on: January 28, 2025, 11:02 AM UTC

Dollar Strengthens as Trump's Tariff Threats Raise Trade Concerns

Published on: January 28, 2025, 11:00 AM UTC

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

Published on: January 28, 2025, 09:00 AM UTC

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.

Published on: January 28, 2025, 07:00 AM UTC

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.

Published on: January 28, 2025, 03:03 AM UTC

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.

Published on: January 28, 2025, 03:03 AM UTC

DeepSeek, a Chinese AI startup, is challenging the dominance of US tech giants, raising concerns about market concentration and the "US exceptionalism" narrative that has driven trillions of dollars into US markets.

Published on: January 28, 2025, 02:01 AM UTC

DeepSeek's AI models send shockwaves through tech stocks, leading to a drop in Nvidia's premarket value. Investors question the sustainability of the market rally amid high interest rates and concerns about inflation and regulation.

Published on: January 28, 2025, 01:03 AM UTC

AI's rise challenges US power stocks as DeepSeek's advancements raise questions about spending and market dominance. Constellation Energy, Vistra Corp, and GE Vernova decline sharply amid concerns over AI competition.

Published on: January 28, 2025, 01:01 AM UTC

Australian AI stocks plummet as DeepSeek's budget-friendly model threatens market leaders, leading to concerns over reduced infrastructure spending.

Published on: January 28, 2025, 01:00 AM UTC