Tag: travel

JPMorgan in talks to lease former Credit Suisse offices in London's Canary Wharf

Published on: January 28, 2025, 02:07 PM UTC

Analysts view DeepSeek's rise as a "tech AI head fake," despite a $1 trillion market cap loss in the tech sector.

Published on: January 28, 2025, 02:06 PM UTC

Illinois Governor JB Pritzker vows to protect state residents from the Trump administration's agenda, including raids by Immigration and Customs Enforcement (ICE). Pritzker, a potential presidential contender, is balancing opposition to Trump with the need to address financial challenges in Illinois. He aims to protect women's and worker's rights while ensuring a safe environment for LGBTQ and immigrant communities.

Published on: January 28, 2025, 02:05 PM UTC

GM CEO Mary Barra discusses tariffs with President Trump, highlighting the potential impact on the auto industry and the need for a balanced approach to trade relationships.

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

Sandy Spring Bancorp Inc. (SASR) reports a Q4 loss of $39.5 million, or 87 cents per share. Adjusted for impairments and M&A costs, EPS came in at 47 cents per share. Revenue reached $192.7 million. For the year, the company reported a profit of $19.9 million, or 44 cents per share, and revenue of $406.4 million.

Published on: January 28, 2025, 01:06 PM UTC

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