Nvidia shares spooked as China’s DeepSeek raises questions over AI capex
Investing.com– Artificial intelligence darling Nvidia’s shares fell on Friday following the launch of Chinese generative AI program DeepSeek last week, which claimed to be able to outperform rival offerings at a fraction of their cost. NVIDIA Corporation (NASDAQ:NVDA) shares fell more
Musk calls $1 mln election giveaway a legitimate promotion, not illegal lottery
Investing.com– Elon Musk has requested a federal judge to dismiss a proposed class-action lawsuit alleging that his $1 million-a-day election giveaway to support the U.S. Constitution was an illegal lottery under Texas law. The lawsuit, filed on November 5, 2024, by
US stock futures drop after Trump’s tariff on Colombia; Fed meeting awaited
Investing.com – U.S. stock index futures fell on Sunday evening after weekly gains on Wall Street as President Donald Trump threatened to impose retaliatory tariffs on Colombia, while investors turned cautious ahead of the Federal Reserve interest rate decision, and
China’s industrial profits fall 3.3% in 2024
BEIJING (Reuters) – Profits at China’s industrial firms fell 3.3% in 2024 from the previous year, official data showed on Monday. The fall extended a 4.7% drop in the January-November period, and compares with a 2.3% decline for the entire 2023,
Dollar rises on tariff worries after Trump’s Colombian threat
By Ankur Banerjee SINGAPORE (Reuters) – The dollar firmed on Monday as traders pondered the ramifications of U.S. President Donald Trump’s tariff plans at the start of a week where the Federal Reserve is widely expected to hold interest rates steady.