January 29, 2025
US dollar strengthens against yen
The U.S. dollar strengthened against the yen amid fresh tariff threats from the Trump administration and as concerns over of the emergence of a low-cost Chinese artificial intelligence model faded. Trump said he planned to impose tariffs on imported computer chips, pharmaceuticals and steel. The last session saw the Dollar rise 0.5% against the Yen. […]
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January 29, 2025
Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
Short sellers of artificial intelligence-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China’s DeepSeek spooked Wall Street, with bets against Nvidia yielding record profits totaling more than $6 billion.
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January 28, 2025
Siemens Energy reports preliminary quarterly revenue of about $9.4 billion
Siemens Energy, the world’s biggest maker of offshore wind turbines, reported on Monday a preliminary first-quarter revenue of $9.4 billion, up 18.4% on a comparable basis and slightly above consensus estimates.
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January 28, 2025
MicroStrategy proposes 2.5M share offering to fund Bitcoin purchases
Business intelligence firm MicroStrategy has proposed a stock offering to raise cash for “general corporate purposes,” including acquiring more Bitcoin, signaling its intent to continue accumulating the digital asset. MicroStrategy intends to offer 2.5 million units of its perpetual strike preferred stock.
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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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