Month: January 2025
Nvidia falls 10% in premarket trading as China’s DeepSeek triggers global tech sell-off
U.S. technology firms plunged in premarket trading, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America’s lead in the sector, triggering a global sell-off. Shares of chip designer Nvidia, a huge beneficiary of the AI hype, were down 9.84% at 05:11 a.m. ET ahead of the market open. Netherlands-based chip companies ASML […]
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Budget airline Ryanair cuts passenger traffic goal again on Boeing delays
Passengers wait to board an aircraft of low cost Irish airline Ryanair at the Berlin-Brandenburg airport in Schoenefeld near Berlin, Germany, on March 13, 2024. John Macdougall | Afp | Getty Images Budget airline Ryanair on Monday reported stronger-than-expected after-tax profit for the December quarter, but once more cut its passenger traffic goal for the […]
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Dalio, Fink, Lagarde and more: Top CEOs and policymakers reveal what’s next for markets
A general view of the World Economic Forum (WEF) Annual Meeting as it convenes under the theme of ‘Collaboration for the Intelligent Age’ in Davos, Switzerland on January 20, 2025. Anadolu | Anadolu | Getty Images U.S. President Donald Trump has only been in office for a matter of days, but his impact on markets […]
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European markets set to start the new trading week on a somber note
European markets are expected to start the new trading week in negative territory on Monday, with investors in the region gearing up for a busy period of earnings and the European Central Bank’s latest interest rate decision. The U.K.’s FTSE 100 index is expected to open 7 points lower at 8,488, Germany’s DAX down 68 […]
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Air travel in India remains ‘largely unpenetrated’: IndiGo CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Pieter Elbers, CEO of IndiGo, discusses the airline’s third-quarter results. He says both domestic and international demand for air travel remains “very strong.” Source
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David Beckham shares ‘simple values’ his parents taught him that he passed on to his own children
David Beckham sits down with CNBC’s Tania Bryer at the World Economic Forum 2025. David Beckham opened up about the “simple values” his parents taught him that he passed on to his children, in a conversation with CNBC host Tania Bryer at the World Economic Forum in Davos, Switzerland. The former soccer star attended the […]
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Japan chip stocks fall as DeepSeek’s challenge to U.S. AI dominance raises worries for Asian tech firms
Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Tomohiro Ohsumi | Bloomberg | Getty Images Japan’s chip-related stocks fell Monday as Chinese AI startup DeepSeek raises concerns about a potential challenge to America’s global leadership in artificial intelligence that threatens Asian tech companies […]
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U.S. puts Colombia tariff, sanctions threat on hold after deportations deal
Colombian Foreign Relations Minister Luis Gilberto Murillo (C) looks on next to Vice-Minister of Foreign Affairs Jorge Rojas (L), Director of DAPRE Laura Sarabia (2nd-L), Ambassador of Colombia to the United States German Garcia-Pena (2nd-R), and Minister of Commerce, Industry, and Tourism Luis Carlos Reyes during a press conference on the diplomatic dispute with the […]
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Asia-Pacific markets mostly higher as investors parse China PMI and industrial profits data
Drone point view of the Shanghai skyline at sunrise. Aerialperspective Images | Moment | Getty Images Japan and Hong Kong markets traded mostly higher Monday, as investors assessed China’s manufacturing and industrial profit data. Japan’s Nikkei 225 slipped 0.14%, while the Topix added 0.68%. Shares of Japan’s chip-related companies dropped as Chinese AI startup DeepSeek’s […]
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China’s Lunar New Year travel expected to ‘maintain strong momentum’, says analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Yang Lei, China Equity Research Analyst at CGI, explains why there’s been consistent growth in Chinese travel, despite citizens being generally more cautious with their spending. Source
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