Day: January 27, 2025
S&P 500 futures are little changed after Monday’s sharp sell-off: Live updates
Traders work on the floor of the New York Stock Exchange at the opening bell on Jan. 27, 2025 in New York City. Angela Weiss | AFP | Getty Images S&P 500 futures were little changed on Monday night. The action followed a sell-off fueled by worries over the emergence of Chinese startup DeepSeek and […]
Read More
Google says it will change Gulf of Mexico to ‘Gulf of America’ in Maps after government updates
The Gulf of Mexico as seen on Google Maps. Source: Google Maps Google said Monday it will change the name of Gulf of Mexico to “Gulf of America” after the government updates its “official government sources.” The company also said it will start using Mount McKinley, which is currently called Denali. Last week, President Donald […]
Read More
Watch live: Trump addresses House Republican conference in Florida
[The stream is slated to start at 5 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump is set to address House Republicans at the kickoff of their annual agenda-planning conference on Monday afternoon. The three-day event is being held at Trump National Doral, […]
Read More
CDC ordered to stop working with WHO immediately, upending expectations of an extended withdrawal
A logo is pictured outside a building of the World Health Organization (WHO) during an executive board meeting on update on the coronavirus disease (COVID-19) outbreak, in Geneva, Switzerland, April 6, 2021. Denis Balibouse | Reuters U.S. public health officials have been told to stop working with the World Health Organization, effective immediately. A U.S. […]
Read More
Tom Lee says this is the worst market overreaction since 2020 pandemic outbreak
Fears around the future of the artificial intelligence trade pushed Nvidia shares down by nearly 17% on Monday and weighed on the stock market – but investors seem to be overreacting, according to Tom Lee, head of research at Fundstrat Global Advisors. Chinese AI startup DeepSeek spurred a sell-off on Monday. The company last month […]
Read More
DOJ fires officials involved in Trump prosecutions by special counsel Jack Smith
James McHenry testifies before the Senate Judiciary Committee in the Hart Senate Office Building on Capitol Hill July 31, 2018 in Washington, DC. Chip Somodevilla | Getty Images The Department of Justice on Monday fired a number of officials involved in the now-terminated federal criminal prosecutions of President Donald Trump by former special counsel Jack […]
Read More
Amazon taps Whole Foods CEO to oversee grocery business
Whole Foods Market CEO Jason Buechel speaks onstage during the 2023 Concordia Annual Summit. Leigh Vogel | Getty Images Entertainment | Getty Images Amazon has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced Monday. Doug Herrington, the company’s worldwide retail chief, wrote in a memo to employees posted […]
Read More
Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history
Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. Patrick T. Fallon | Afp | Getty Images Nvidia lost close to $600 billion in market cap […]
Read More
Power stocks plunge as energy needs called into question because of new China AI lab
The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. Danielle DeVries | CNBC Power companies that are most exposed to the tech sector’s data center boom plunged early Monday, as the debut of China’s DeepSeek open-source AI laboratory led investors to question how much energy artificial intelligence […]
Read More
Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Nvidia is still working on the certification process for Samsung Electronics Co.’s high-bandwidth memory chips, a final required step before the Korean company can begin supplying a component essential to training AI platforms. Annabelle […]
Read More