Tag: war

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Comcast Stock Drops as Broadband, Peacock Subscriber Growth Stalls

Comcast (CMCSA) stock price tumbles after reporting a decline in broadband customers and stagnant Peacock subscriber growth.

AI-Powered Model Challenges Big Tech's Dominance, Sparks Market Decline

A cheaper, competitive AI model from DeepSeek raises concerns over Big Tech earnings growth, sparking a sell-off in tech stocks and challenging the key driver of the bull market.

US Tech Stocks Face Dip But DeepSeek's AI Push Seen as Long-Term Positive

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.

Wall Street Banks to Sell $3 Billion of Elon Musk's Twitter Debt

Wall Street banks are preparing to sell a large portion of their debt holdings in social media platform X, including up to $3 billion in debt granted to Elon Musk for his acquisition of the former Twitter.

South African Inflation Slows Less Than Expected, Easing Rate Cut

South African inflation rose 3% in December, below expectations, giving room for policymakers to consider interest rate cuts this month.

Oracle Among $500 Billion AI Investment Pledged by SoftBank, OpenAI

Oracle (ORCL) stock jumped 7% on Tuesday after a report that Stargate, a joint venture with OpenAI and SoftBank, is expected to announce a $500 billion investment in AI infrastructure in the US.

EU, Mexico announce trade agreement boost ahead of Trump inauguration

Mexico, EU announce revamped trade pact boosting investment, reducing tariffs, fostering cooperation ahead of Trump inauguration.