Posts with tag: politics
Hedge fund Bridgewater warns that DeepSeek's AI models could trigger a short-term tech stock correction, but says the overall AI industry outlook remains positive.
Published on: January 28, 2025, 04:06 PM UTC
New IRS Form 1099-K tracks online income, ensuring more comprehensive reporting. Understand its implications and how to manage it.
Published on: January 28, 2025, 04:06 PM UTC
Founder of DeepSeek, Liang Wenfeng, presents China's AI tech advancements and open-source initiatives to potentially disrupt the global AI landscape following US export controls.
Published on: January 28, 2025, 01:07 PM UTC
GM investors expect strong Q4 results, with revenue of $44.46 billion and adjusted EPS of $1.83. Challenges remain in 2025, including EV growth and geopolitical issues. GM expects 2025 adjusted EBIT to be in a similar range to 2024 results, despite a writedown in its China business.
Published on: January 28, 2025, 01:03 AM UTC
Tesla poised to benefit from renewed AI focus as DeepSeek's advances spark tech rout; Embodied AI seen as key area for growth with potential for millions of Tesla vehicles using self-driving software.
Published on: January 28, 2025, 12:02 AM UTC
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
Starbucks is striving to brew up a comeback, with Wall Street expecting its first quarter fiscal year 2025 results on Tuesday. Analysts expect revenue to come in at $9.32 billion, compared to $9.43 billion from the year-ago quarter, and same-store sales and foot traffic are projected to decline.
Published on: January 27, 2025, 09:02 PM UTC
GM to Report Q4 Results, Analysts Expect Revenue of $44.46B, EPS of $1.83
Published on: January 27, 2025, 07:01 PM 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