Gold prices experienced a decline of over 1% on Monday, falling below the $2,750 level. This downturn was primarily driven by a confluence of factors. Firstly, profit-taking by investors contributed significantly to the gold price decline. Secondly, the emergence of DeepSeek, a Chinese artificial intelligence firm, triggered a broader market …
Read More »Why has China’s DeepSeek crept to news headlines all of a sudden?
The AI landscape has been shaken by the sudden emergence of DeepSeek, a Chinese artificial intelligence company that has rapidly gained traction with its powerful and surprisingly affordable AI chatbot. This development has sent shockwaves through the tech world, impacting stock prices and raising questions about the future of AI …
Read More »Dow Jones Recovers, but Tech Struggles Amid AI Competition and Trade Tensions
The Dow Jones Industrial Average (DJIA) initially tumbled Monday morning, weighed down by renewed trade war fears following a political dispute between the US and Colombia. These concerns, coupled with the release of a powerful open-source AI model from China, rattled investor sentiment. However, the Dow later rebounded as hopes …
Read More »Nvidia and AI Infrastructure Face Fresh Uncertainty
Financial markets were shaken on Monday as tech-heavy Nasdaq futures slumped, led by a steep decline in Nvidia (NASDAQ:NVDA). The drop follows concerns surrounding a potential shift in AI infrastructure demand after Chinese start-up DeepSeek unveiled a low-cost, energy-efficient AI model. Nvidia shares were down 11.7% in premarket U.S. trading, …
Read More »Weekly Market Recap: Central banks could steer price action this week
Last week was marked by significant events that influenced global financial markets. The inauguration of President Donald Trump, who wasted no time addressing the world on various market-related issues, was among the highlights. Company earnings reports and the long-anticipated interest rate hike by the Bank of Japan also played a …
Read More »Alibaba’s Share Repurchases Highlight Strategic Financial Management
Alibaba Group Holding Limited has made multiple filings with the Hong Kong Stock Exchange, submitting Next Day Disclosure Returns for January 20, 22, 23, and 24, 2025. These filings pertain to share repurchases made on the New York Stock Exchange between January 13 and January 17, 2025, showcasing the company’s …
Read More »Dow Jones Poised for Second Weekly Gain
The Dow Jones Industrial Average (DJIA) traded sideways on Friday, experiencing minor fluctuations within a narrow range. Despite this subdued end to the week, equities remain firmly on a bullish trajectory, with the index poised for its second consecutive week of gains.The release of US Purchasing Managers’ Index (PMI) data, …
Read More »American Express Exceeds Expectations With Strong Q4 Results
American Express reported fourth-quarter financial results that largely met market expectations. The company achieved earnings per share (EPS) of $3.04, slightly surpassing the consensus estimate, while total revenue aligned with analyst projections at $17.18 billion. Notably, billed business reached a record high of $408.4 billion, reflecting a robust 8% year-over-year …
Read More »S&P 500 Reaches Record High Amid Mixed Earnings and Trump Comments
Introduction: The benchmark S&P 500 soared to an all-time high on Thursday, driven by a blend of corporate earnings reports and remarks from President Donald Trump. Investors are closely monitoring these developments, which have significant implications for the market’s trajectory.Corporate Earnings and Market Performance: The S&P 500’s rise was accompanied …
Read More »Netflix Soars to New Highs on Record Subscriber Growth
Netflix shares surged to a new all-time high on Wednesday, driven by a strong fourth-quarter earnings report that significantly exceeded market expectations. The streaming giant added a record 18.9 million subscribers, boosting revenue and earnings well above analyst forecasts.This impressive performance ignited a wave of optimism among investors, leading to …
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