DeepSeek’s AI model integration into Weixin boosted Tencent’s stock on Monday. Gaming giant Tencent’s gains came after outsized gains in Alibaba and Baidu shares last week. Chinese tech stocks have rallied hard recently on the back of the hype in DeepSeek’s cost-effective AI model. Chinese artificial intelligence startup DeepSeek keeps setting the country’s tech stocks…
Wounded Russian troops are being sent to North Korean medical facilities, per a Russian official. Moscow’s ambassador to Pyongyang, Alexander Matsegora, said the deal involved “hundreds” of troops. War analysts said it could give North Korea an opportunity to learn even more from the Ukraine war. Russia is sending soldiers who were wounded in the…
NEW YORK — U.S. stocks slumped Friday as worries flared again on Wall Street about tariffs and inflation. The Standard & Poor’s 500 fell 0.9% and erased what had been a modest gain for the week. It’s one of the worse drops for the index so far this year, but it remains near its record set two…
NEW YORK — Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher Thursday after a rush of profit reports from some of the country’s most influential companies. The Standard & Poor’s 500 rose 0.5%, as 4 in 5 stocks in the index climbed. The Dow Jones industrial average added 0.4%, and the Nasdaq composite gained…
NEW YORK — U.S. stocks rose Friday to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The Standard & Poor’s 500 rallied 1.1% for its best day in six weeks and shaved its loss for the week down to 2%. The Dow Jones industrial…
The Federal Reserve cut its benchmark interest rate to between 4.25% and 4.5% on Wednesday. The central bank also projected two cuts next year instead of four, sending stocks tumbling. Here’s how analysts, economists, and other experts reacted to the Fed decision and market reaction. The Federal Reserve cut its benchmark interest rate on Wednesday…
Russia hasn’t mass-evacuated troops and gear out of its key bases in Syria. A senior analyst said the signs would be clear — such a retreat would be difficult to hide. Russia said it’s trying to work out a deal for its bases with the new Syrian government. The Russian military is still stationed at…
According to Doug Peta of BCA Research, stocks will see a sharp correction in the first half of 2025. He points to risks from slowing consumer momentum, labor market softening, and high valuations. He recommends rotating out of stocks and into defensive plays, and buying the dip after a 30% or greater fall. Stocks are…
Putin has signed off on a record defense budget for 2025 amid the ongoing Ukraine war. Defense spending will rise to 13.5 trillion rubles, making up a third of the country’s budget. Russia’s economy faces inflation and ruble decline, despite military-driven activities. Russian President Vladimir Putin has signed off a federal budget that will boost…
Stocks will continue to rally next year amid a resilient economy and strong earnings, Barclays says. The bank forecast the S&P 500 to rise 10% to 6,600, adding to th chorus of bullish forecasts from top analysts. Their outlook marks a slight slowdown from the index’s 26% gain this year. The S&P 500 is primed…