Posts with tag: technology
Oil rises as US remains committed to cutting Iranian exports, with Brent futures up 1.1% in London.
Published on: February 14, 2025, 01:01 PM UTC
SoftBank's AI ambitions face a challenge from DeepSeek's cost-efficient AI model, raising questions about massive AI infrastructure spending necessity. DeepSeek may trigger a near-term market correction for SoftBank and other AI stocks, shifting focus to monetization, which could take years. Despite analyst bullishness with a 30% gain projection, concerns linger, including Stargate's potential negative impact on profitability and DeepSeek's implications for AI economics.
Published on: February 14, 2025, 12:01 PM UTC
Euro-area economy eked out growth of 0.1% in Q4 2022, revised up by Eurostat. Despite mixed performances across major economies, ECB expects recovery in 2024.
Published on: February 14, 2025, 11:00 AM UTC
War-torn countries, heavily indebted nations, and US allies like Jordan stand to lose the most if USAID is dismantled. Ukraine, Jordan, Syria, Zambia, and Kenya are among the emerging economies most exposed to USAID funding cuts.
Published on: February 14, 2025, 11:00 AM UTC
Indonesia to Launch Sovereign Wealth Fund with $900 Billion Mandate for Growth
Published on: February 14, 2025, 10:00 AM UTC
AI-Generated Fake News Threatens Bank Runs: Study Urges Enhanced Monitoring and Collaboration
Published on: February 14, 2025, 09:01 AM UTC
US sanctions on Russia have disrupted discounted oil trade to China and India, boosting demand for Middle Eastern and African crudes, and driving up oil prices. Alternative suppliers like Brazil and Kazakhstan gain market share as Russian crude trade slows, impacting shipping markets and refinery operations.
Published on: February 14, 2025, 09:00 AM UTC
Telehealth stock Hims & Hers surged after its Super Bowl ad sparked controversy. Despite safety concerns, the stock has climbed over $57 per share, driven by retail investor interest and a potential lenient stance from the incoming HHS secretary on GLP-1 compounders.
Published on: February 14, 2025, 08:02 AM UTC
US stocks closed higher on Thursday after President Donald Trump announced plans for reciprocal tariffs but delayed their implementation. Meanwhile, investors digested a report indicating inflation is rising. The Dow Jones Industrial Average gained over 0.7%, the S&P 500 added over 1%, and the Nasdaq Composite rose more than 1.5%.
Published on: February 14, 2025, 08:02 AM UTC
Spanish telecom Telefonica hires JPMorgan to sell its Mexican business
Published on: February 14, 2025, 08:00 AM UTC