Month: January 2025
U.S. lawmakers in ‘uncharted waters’ as DeepSeek tests limits of American trade restrictions
The DeepSeek AI application is seen on a mobile phone in this photo illustration taken in Warsaw, Poland on 27 January, 2025. Jaap Arriens | Nurphoto | Getty Images Chinese artificial intelligence startup DeepSeek could face curbs from the U.S. government as it upends the U.S. AI ecosystem, though enforcing restrictions on an open-source technology […]
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Nvidia’s plunge a ‘difficult lesson’ for investors betting on single-stock ETFs
Single-stock ETFs betting heavily on Nvidia’s blistering rally plunged overnight, tracking losses in the chip darling’s shares, calling into question the reliability of the asset class as an investment vehicle. The GraniteShares 2x Long NVDA Daily ETF (NVDL) fell over 33.78% overnight. The Direxion Daily NVDA Bull 2x Shares ETF (NVDU) and T-Rex 2X Long […]
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British firms have been plagued by profit warnings and sliding output — and many aren’t hopeful for an imminent recovery
A woman walks along Waterloo Bridge past the City of London skyline, the capital’s financial district, as the sky clears following several weeks of mostly gloomy weather. (Photo by Vuk Valcic/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images British businesses are expecting more price rises, further hiring cutbacks and continued output […]
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CNBC Daily Open: DeepSeek batters Nvidia but reinforces AI trend
Justin Sullivan | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today DeepSeek raises questions on AI investmentsChinese […]
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Norway is set to become the first country to fully transition to electric vehicles
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images Norway is set to become the first country in the world to effectively erase gasoline and diesel […]
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SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push
TravelPerk CEO and co-founder Avi Meir. TravelPerk TravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC. The fresh financing doubles TravelPerk’s market value from January 2024, when it raised $104 million on a $1.4 billion valuation. […]
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“Can your private bank do this?”: Fintech firms target Singapore’s wealthy with feature-rich apps
Businesswoman managing finance and investment online, reading financial trading data and making financial plan with smartphone. Online banking. Banking, investment and financial trading concept D3sign | Moment | Getty Images The private banking industry, long defined by exclusivity, discretion and personalized service by relationship managers, is in the crosshairs of fintech firms that want a […]
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors is set to report fourth-quarter earnings before the bell Tuesday. Here is what Wall Street is expecting, according to average estimates compiled by LSEG: Earnings per share: $1.89 […]
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Whole Foods workers in Philadelphia vote to form Amazon-owned grocery store’s first union
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty Images Whole Foods employees at a Philadelphia store voted to form a union Monday night, marking the first successful organizing campaign at the Amazon-owned upscale […]
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Trump says Microsoft is in talks to acquire TikTok
A Microsoft store in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images U.S. President Donald Trump told reporters on Monday that Microsoft is in talks to acquire TikTok and that he would like to see a bidding war over the app. Microsoft declined to comment. TikTok and ByteDance did not immediately respond to Reuters’ requests for a comment outside regular […]
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