Tag: photography

Big Tech earnings growth has been a major driver of the bull market, but a recent sell-off sparked by concerns over competition from Chinese AI company DeepSeek has raised questions about whether that growth can continue. Strategists have warned for months that a slowdown in Big Tech earnings was a risk to the market, and the latest sell-off suggests that investors are starting to take those concerns seriously.

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

Nasdaq and S&P 500 futures up; tech sector recovers from Monday's sell-off, buoyed by Nvidia's pre-market gains.

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

DeepSeek's success sparks concerns over crypto's future as global markets face upheaval. Read the full story on Bloomberg.

Published on: January 28, 2025, 12:06 PM UTC

Planned Merger of Gol and Azul Airlines Gains Government Support

Published on: January 28, 2025, 12:00 PM UTC

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

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

Chinese startup DeepSeek's R1 AI model impresses OpenAI CEO Sam Altman, but he emphasizes the importance of greater computing power for OpenAI's success.

Published on: January 28, 2025, 06:03 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