January 28, 2025
Nasdaq, S&P tumble as China’s DeepSeek AI model rattles Big Tech
The S&P 500 and the Nasdaq dropped, as the surging popularity of a low-cost Chinese artificial intelligence model knocked shares of chipmaker Nvidia and other companies benefiting from investments into the technology. Chinese startup DeepSeek has rolled out a free assistant it says uses cheaper chips and less data.
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January 27, 2025
Fed’s rate-cut view set to test resurgent US stocks rally
The Federal Reserve’s first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly interest rate cuts in the months ahead. Stocks swooned after the Fed’s last meeting in December, when the central bank downgraded its forecast for rate cuts.
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January 27, 2025
Oil prices settle pennies higher, down for week
Oil prices settled slightly higher on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump announced sweeping plans to boost domestic production while demanding that OPEC move to lower crude prices. The Oil-Dollar pair gained 0.4% in the last session. According to the CCI, we are in […]
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January 27, 2025
US dollar posts biggest weekly loss since November 2023
The U.S. dollar slid on Friday and was set for its biggest weekly loss in over a year after President Donald Trump suggested a softer stance on tariffs against China, adding to uncertainty about the trade policy that kept equity markets on edge.
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January 24, 2025
S&P 500 notches closing record with focus on Trump comments, earnings
The benchmark S&P 500 rose to a record closing high, as investors assessed a mixed bag of corporate earnings and digested comments from President Donald Trump, including a call for cuts in interest rates and oil prices.
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January 24, 2025
Oil prices fall as Trump urges OPEC to lower prices
Oil fell 1% after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum. Uncertainty over how Trump’s proposed tariffs and energy policies would affect global economic growth and energy demand also weighed on prices. The Oil-Dollar pair corrected downwards in the last […]
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