Finance & Business
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DeepSeek Challenges Nvidia with More Efficient AI Models, Stock Drops
DeepSeek, a Chinese AI start-up, is shaking up the U.S. tech sector. Its latest AI assistant rivals top chatbots, but with much less...
Why is the Costco Strike Happening? Key Details and Latest Update
Costco workers, represented by the Teamsters union, were poised to strike over demands for better pay and benefits. The union’s previous contract expired...
How DeepSeek Could Impact AMD Stock
AMD’s stock has seen a 5% decline over the past five days, with a 19% drop since the start of 2024, trailing behind...
Microsoft Shares Drop Following Earnings Report and AI Concerns
Microsoft (MSFT) shares fell 6.3% after the company reported its fourth-quarter earnings, with investor concerns about capital expenditures (capex), the impact of Generative...
DeepSeek’s AI Shakes Markets, Wipes Out $500 Billion in Tech Stocks
The financial world is reeling as DeepSeek’s rapid AI breakthroughs shatter assumptions about AI costs—and send tech stocks into freefall. A Cheap AI...
IRS Refund Timeline: Here’s When You’ll Get Your Money
The IRS expects 140 million people to file tax returns by April 15. The agency has also launched a new online tool to...
Thursday’s GDP Report: What to Expect and Why Markets May Ignore It
The U.S. economy likely grew at an annual rate of 2.5% in the fourth quarter, according to forecasts. A report from the Bureau...
Trans-Pacific Shipping Costs Down 7%, But Tariffs May Disrupt Trade
Trans-Pacific shipping rates declined as Chinese factories slowed operations for the Lunar New Year. Asia’s factories and logistics networks shut down for 15...
Mexico’s President Doubts Trump Will Impose 25% Tariffs
Mexican President Claudia Sheinbaum said she does not expect U.S. President Donald Trump to announce a 25% tariff on Mexican goods on Feb....
Trump’s Commerce Secretary Pick Howard Lutnick Pledges to Sell Business Holdings in 90 Days
Howard Lutnick, President Donald Trump’s nominee for Commerce Secretary, has pledged to sell all of his business assets within 90 days. “I will...
PIMCO: LA Bondholders Safe from Wildfire Losses
Los Angeles municipal bondholders will not face payment disruptions despite ongoing wildfires, according to PIMCO, a major U.S. bond fund manager. The wildfires,...
Apple Stock Downgraded Again – iPhone Sales a Major Concern
Apple Inc. has been downgraded again, this time by Oppenheimer, as concerns grow over weak iPhone sales. The downgrade lowers Apple’s rating from...
Who Will Buy TikTok? Musk, Microsoft, and MrBeast in the Race
TikTok is running out of time. The U.S. government has given the app’s Chinese owner, ByteDance, until April 5 to sell its U.S....
VF Corp Surprises Investors with Strong Q3 Performance
VF Corp, the parent company of Vans, North Face, and Timberland, reported higher-than-expected revenue and profit for the third quarter, thanks to strong...
Chip Stocks Recover After DeepSeek’s AI Shock
Semiconductor stocks in the U.S. and Europe rebounded for a second day after DeepSeek’s AI launch caused a major selloff in tech shares...
The AI Fund Behind DeepSeek: How High-Flyer is Shaking Up Tech
High-Flyer, a Chinese hedge fund, built a $13.79 billion portfolio using AI. But in 2023, it shifted focus to creating the next-generation AI...
Norway’s $1.8 Trillion Wealth Fund Gains 13% on Tech Stocks
Norway’s sovereign wealth fund, the world’s largest, reported a 13% return in 2024, adding $222 billion in profits, mainly due to strong gains...
Norway’s Wealth Fund Hits Record $222B Profit on Tech Boom
Norway’s sovereign wealth fund, the world’s largest, posted a record profit of $222 billion in 2024, driven by strong gains in technology stocks....
Why Nvidia Stock Skyrocketed Today Despite DeepSeek Fears
Nvidia shares soared nearly 9% on Tuesday, rebounding after a steep sell-off triggered by Chinese AI rival DeepSeek. On Monday, Nvidia’s stock plunged...
European Stocks Hit Record as ASML Soars on Strong Earnings
European stocks hit a record high on Wednesday, driven by strong earnings from ASML, the leading chip equipment maker. The pan-European STOXX 600...
Nvidia Stock Jumps 8.9% After DeepSeek-Linked Drop
Nvidia stock rebounded strongly, gaining 8.9% on Wall Street on Tuesday and rising 2.7% in early European trading on Wednesday. This comeback follows...
ASML Beats Expectations with €7.08 Billion in New Orders
ASML shares jumped 8.7% in early Frankfurt trading on Wednesday after reporting better-than-expected Q4 bookings. The Dutch company, which is the largest supplier...
Nvidia Stock Recovers 8.8%, Leading Nasdaq Rally
Nvidia shares saw a strong 8.82% increase, closing at $128.86 on Tuesday, following a sharp 17% drop the previous day. The stock’s recovery...
Nvidia Stock Rises After Record Drop: What’s Next?
Nvidia shares rose 7% to $126.70 on Tuesday, partially recovering from a 17% drop the day before, which marked its largest one-day decline...
AMD Stock Takes a Dive: What’s Driving the 7.58% Plunge?
Advanced Micro Devices (AMD) stock experienced a significant decline, falling by 7.58% to approximately $115.46. This sharp drop has raised concerns among investors...
AI Upstart DeepSeek Shakes Up Tech World, Quantum Stocks Tumble
Shares of quantum computing companies like D-Wave Quantum and Rigetti Computing experienced significant declines following the emergence of DeepSeek, a Chinese AI startup....
Netflix Leads Streaming Market with $39 Billion in Revenue
Netflix continues to dominate the streaming industry with impressive financial and subscriber growth. In 2024, the company added 19 million new members, bringing...
How Netflix Dominated the Streaming Wars with 302M Subscribers
Netflix has cemented its place as the leader in the streaming industry, with nearly 302 million global subscribers as of the fourth quarter...
Currency Market Hit by U.S. Tariff Plans and DeepSeek AI Concerns
The U.S. dollar strengthened against major currencies on Tuesday, following new tariff threats from the United States and concerns over a low-cost Chinese...
LinkedIn Co-Founder Reid Hoffman Raises $25M to Fight Cancer with AI
Reid Hoffman, the co-founder of LinkedIn, has raised $25 million for his new AI startup, Manas AI, which focuses on developing faster and...
