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Robinhood Dabbles in Sports Betting with Super Bowl Event Contracts

Robinhood Launches Event Contracts for Super Bowl LIX, Marking Foray Into Sports Betting

TSMC Shares Plunge as AI-Linked Rout Hits Taiwan Market

Taiwan Semiconductor Manufacturing Co. shares plummeted nearly 6% on Monday amid a global selloff in AI-linked stocks, following news of DeepSeek's cost-effective AI model that may challenge TSMC's dominance as a chip supplier to Apple and Nvidia.

Japan unsure of data centre impact on power demand as AI use grows

Japan's industry ministry acknowledges the potential impact of data center expansion on electricity demand, but notes the difficulty in predicting the effects of emerging technologies like DeepSeek, which could both increase and decrease demand due to potential energy efficiency improvements.

Home Contract Activity Slows in December, Suggesting Higher Mortgage Rates Dampen Demand

Housing contract activity fell 5.5% in December, led by declines in the West and Northeast, suggesting higher mortgage rates are cooling buyer enthusiasm.

Starbucks' Pricing Problem: Analyst Says Chain's Coffee Costs Too Much

Analysts suggest Starbucks (SBUX) faces challenges in improving consumer perception due to high pricing, as evidenced by lower sales in North America. CEO Brian Niccol is implementing strategies to enhance value perception through initiatives such as free refills, improved mobile ordering, and optimizing pricing for customization options.

CNB Financial Q4 Earnings Top Estimates, Revenue Rises

CNB Financial Corp. (CCNE) reports fourth-quarter earnings of $15.1 million, topping Street forecasts. For the year, the company reported profit of $54.6 million, or $2.39 per share.

US AI Supremacy Challenged by Chinese Upstart: Wall Street Jittery

China's DeepSeek AI model is shaking up the tech world, challenging US dominance. With cheaper chips and less data, DeepSeek sparks concerns about the future of AI spending and innovation in the US.

Homeowners Insurance Crisis: States Lead Search for Solutions Amid Climate Change

Devastating wildfires in Los Angeles highlight America's homeowners insurance crisis, as climate change intensifies potential property damage. Insurance costs have surged, while underwriting profits for insurers have been negative. State lawmakers and regulators are leading efforts to find solutions, including mandating discounts for mitigation efforts, encouraging insurers to invest in communities, and allowing for more realistic pricing.

Boeing Reports Large Operating Cash Flow Loss in Q4

Boeing (BA) reports preliminary Q4 results, estimates $3.5B operating cash flow loss due to IAM work stoppage, workforce reductions, and defense business changes. Revenue of $15.2B expected vs. $16.76B consensus. BA shares down 1% after hours.

AI's Rise: Out of Control or Ready for Regulation?

At the World Economic Forum, leaders debate the control and impact of artificial intelligence (AI) on business and society. While some believe AI is not yet out of control, others argue it requires regulation or guardrails. The tech industry is particularly concerned about the potential risks of AI in areas such as social media. The World Economic Forum predicts that by 2030, AI will transform 86% of businesses, leading to the creation of new jobs but also the loss of existing ones.