Month: February 2025
Crypto has become a ‘money grab’ since latest Trump-fueled rise of meme coins
Electing a pro-cryptocurrency president was more than most investors ever thought possible. Almost three months after the election, however, the initial euphoria is fading and turning to alarm for those who worry that President Trump’s own moves into crypto could be sowing the seeds of the next crypto winter. Just last month, Trump dropped the […]
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Arab foreign ministers reject Trump call for transfer of Palestinians
Palestinians, who were displaced to the south at Israel’s order during the war, make their way back to their homes in northern Gaza, amid a ceasefire between Israel and Hamas, in Gaza City, January 27, 2025. Ramadan Abed | Reuters Arab foreign ministers on Saturday rejected the transfer of Palestinians from their land under any […]
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UPS and Electronic Arts are among the most oversold stocks after a wild week on Wall Street
A handful of stocks could be due for a rebound after a volatile trading week on Wall Street. Stocks turned lower on Friday after the White House said President Donald Trump ‘s plan for tariffs on Mexico, Canada and China would be implemented on Saturday. The news overshadowed fresh inflation data earlier in the day […]
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Here are the stocks that will be hurt the most from Trump’s new tariffs
President Donald Trump ‘s proposed tariffs on some of the U.S.’s major trading partners — Mexico, Canada and China — present a challenging headwind for U.S. companies that depend on the affected countries for imports and manufacturing. While forecasts on the full economic impact of tariffs vary across Wall Street, the levies are widely expected […]
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DeepSeek shocked the AI world this week. Here’s how tech CEOs responded
Microsoft CEO Satya Nadella commented on its “real innovations.” OpenAI’s Sam Altman described it as “clearly a great model.” Apple CEO Tim Cook said “innovation that drives efficiency is a good thing.” And Palantir’s Alex Karp said it shows the importance of “an all-country effort.” The tech CEOs were all talking about China’s DeepSeek, which […]
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Musk aides lock government workers out of computer systems at US agency, sources say
Elon Musk arrives for the inauguration of U.S. President-elect Donald Trump in the U.S. Capitol Rotunda on Jan. 20, 2025 in Washington, DC. Kenny Holston | Getty Images Aides to Elon Musk charged with running the U.S. government human resources agency have locked career civil servants out of computer systems that contain the personal data […]
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Singapore says U.S. firms should comply with export controls following DeepSeek chip questions
Singapore’s Ministry of Trade and Industry (MTI) said in a statement Saturday that it expects U.S. companies to comply with U.S. export controls and local laws, following questions over the chips used by China’s DeepSeek to produce its AI model. Markets were rocked this week after DeepSeek claimed its large language model outperforms OpenAI’s but […]
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India targets fiscal deficit at 4.4% for 2025-26, sets path to bring down debt
India’s Finance Minister Nirmala Sitharaman holds a briefcase containing the Union Budget as she poses for photographs outside the Ministry of Finance before leaving for the parliament to present the Union Budget in New Delhi, India, on Feb. 1, 2025. Nurphoto | Nurphoto | Getty Images The Indian government will target a narrower fiscal deficit […]
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