Posts with tag: social media
In 2023, Americans paid 25.2% of GDP in taxes, compared to 33.9% in OECD countries. This is because the US lacks a value-added tax (VAT) like most other countries, instead relying on income taxes. However, this means states must administer social programs, leading to a smaller safety net and trade-offs in tax revenue compared to countries with more generous social safety nets.
Published on: January 28, 2025, 12:01 PM UTC
Lufthansa in Talks to Acquire Minority Stake in Air Europa
Published on: January 28, 2025, 10:05 AM UTC
Indian stocks continue to decline, with smallcap firms leading the plunge. Foreign investors have withdrawn billions, leading to concerns over valuations and growth prospects. The NSE Nifty Smallcap 250 Index has lost 20% from its September peak, indicating a bear market.
Published on: January 28, 2025, 07:01 AM UTC
Mitsubishi UFJ Financial Group's stock hits record high as Japanese banks gain on rising interest rates. The Bank of Japan raises rates, boosting lending income. Other banks also rise, and the Topix index adds 2.2%. Japanese banks profit from buybacks and the weaker yen.
Published on: January 28, 2025, 07:00 AM UTC
US Treasury yields hit their lowest level of 2023 as stocks plunged Monday due to concerns over China's DeepSeek AI tool, prompting investors to seek safety in bonds. The Fed's policy meeting this week may also impact the bond market as investors reassess risks to the tech sector.
Published on: January 28, 2025, 04:00 AM UTC
Asian shares mixed in thin Lunar New Year trading after Wall Street tech stocks tumble on AI market frenzy doubts sparked by Chinese competitor DeepSeek.
Published on: January 28, 2025, 04:00 AM UTC
Chinese AI startup DeepSeek ignites tech sell-off over fears of cheaper AI models; analysts are more optimistic, saying it could drive AI adoption and EPS.
Published on: January 28, 2025, 12:01 AM UTC
Chinese AI startup DeepSeek shakes US tech dominance with cheaper, high-performing model. Investors question spending sprees as DeepSeek's $6 million training cost vs OpenAI's $100 million sparks concerns.
Published on: January 27, 2025, 10:03 PM UTC
NuScale stock plunges as DeepSeek's AI model disrupts the narrative, leading to market uncertainty and selling pressure.
Published on: January 27, 2025, 07:05 PM UTC
Nvidia CEO Jensen Huang's net worth plunges as the chipmaker's stock continues to free fall amid concerns over Chinese AI rival DeepSeek.
Published on: January 27, 2025, 07:01 PM UTC