Investors are anticipating that the Federal Reserve will leave interest rates unchanged at the conclusion of its first meeting of the year; U.S. stock futures are little changed following a market rebound yesterday following Monday's tech selloff;
Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.
The tech-heavy Nasdaq composite closed down nearly 3% on Monday, with shares of AI-focused chipmaker Nvidia plunging 17% and shaving nearly $590 billion from the company’s market cap.
The semiconductor company's share price was down 7% as of 3:45 p.m. ET amid the backdrop of a 1.8% decline for the S&P 500 (SNPINDEX: ^GSPC) and a 3.5% decline for the Nasdaq Composite (NASDAQINDEX: ^IXIC).
Key Fed decision: The central bank’s expected decision today is the first following Trump’s return to office, which has been marked by a flurry of executive orders as the US president seeks to impose his agenda on Washington.
XRP (CRYPTO: XRP) is falling in Monday's trading. XRP and other cryptocurrencies are seeing sell-offs in today's trading due to a combination of bearish catalysts. In addition to concerns about a new artificial intelligence (AI) model launched by a Chinese company,
Abby Miller has led DMNews as the Editor-in-chief since February of 2020. Her editorial team edits, revises, and proofs each article on DMNews. This includes articles that date back to 1999!
U.S. chip stocks were a mixed bunch with several joining Nvidia in the red. Cirrus Logic was down 2.2% while ARM Holdings' U.S. shares fell 2.1% and Broadcom lost 1.8%. On the other side of the fence Coherent Corp was up 3.6% and Advanced Micro Devices rose 2.6%. ASML's U.S. shares were last up 4.4%.
While investors fret about what the arrival of DeepSeek means for their all-in bet on American artificial intelligence dominance, they’re ignoring even bigger questions.
OpenAI — the company behind ChatGPT and a big part of Stargate — is partnering with the U.S. National Laboratories. NPR's Mary Louise Kelly spoke with OpenAI's Chris LeHane, here are the highlights.
Trump throws a Fed-fed temper tantrum; SoftBank bets big on OpenAI; Michael Dell’s merchant bank bets big on OpenAI’s banker; Dan Loeb wants to fire Soho House’s manager; and more!
The card earns bonus points for travel and dining-related spending, which can be redeemed for more value through Chase. It piles on the perks, too, but they come at a price. With a big sign-up ...