Tag: travel

Smithfield Foods' muted IPO debut, valued at $8.1 billion, reflects investor caution despite Trump's pro-business policies. Concerns about interest rates, inflation, and trade risks have tempered valuation expectations for even established companies like Smithfield.

Published on: January 28, 2025, 06:00 PM UTC

OpenAI releases ChatGPT Gov tailored for US government agencies, offering secure access and compliance tools for managing sensitive data.

Published on: January 28, 2025, 05:01 PM UTC

Microsoft Q2 earnings in focus as AI DeepSeek's impact looms, Azure growth expected to reaccelerate in H2 2025.

Published on: January 28, 2025, 05:00 PM UTC

DeepSeek, a Chinese startup, has emerged as a formidable force in AI, with a cost-efficient model that rivals tech giants like OpenAI, Google, and Meta. Despite using less advanced hardware, DeepSeek's model has outperformed ChatGPT in downloads, sparking reactions from industry leaders such as Satya Nadella, Marc Andreessen, Pat Gelsinger, and Mark Zuckerberg.

Published on: January 28, 2025, 04:05 PM UTC

Russia is sending sanctioned oil to India on blacklisted tankers, testing Moscow's ability to evade US sanctions. Five shipments of Arctic oil are en route to India on US-listed tankers, while two Pacific cargoes may also be headed there. Despite these measures, Russia's crude flows have not shown a clear decline, with a four-week average of shipments remaining relatively stable. However, sanctions are impacting the country's export routes, with Baltic port flows declining while Pacific and Arctic shipments increase.

Published on: January 28, 2025, 04:05 PM UTC

Wall Street banks plan to sell Twitter debt as Musk's platform improves and Trump's presidency boosts dealmaking optimism.

Published on: January 28, 2025, 04:04 PM UTC

Americans pay lower taxes than people in most developed countries, but there are trade-offs. The U.S. relies on state and local taxes for social programs, and the safety net for citizens is smaller.

Published on: January 28, 2025, 04:03 PM UTC

Chevron, Engine No. 1, and GE Vernova are partnering to build natural gas power plants near U.S. data centers to meet rising energy demands for AI development.

Published on: January 28, 2025, 03:05 PM UTC

Americans pay lower taxes than citizens of other developed countries, primarily due to the absence of a value-added tax (VAT) and a lower overall tax burden at 25.2% of GDP. However, this tax savings comes with trade-offs, including a reliance on states for social programs and a smaller federal safety net.

Published on: January 28, 2025, 03:03 PM UTC

GM CEO Mary Barra talks to President Trump about tariffs. GM's EPS guidance assumes a "stable" policy environment and doesn't factor in additional tariffs. Nevertheless, tariffs hang over auto sector stocks, as the auto industry relies heavily on imports from Mexico and Canada. Analysts worry about the potential impact on demand if automakers raise prices to offset tariffs.

Published on: January 28, 2025, 03:02 PM UTC