Here’s what investors are watching during the week of April 14 to April 18. Meta Platforms (META) is set to face the Federal Trade Commission (FTC) as part of its antitrust case. Investors will get fresh economic data, including retail sales and Federal Reserve commentary. Homebuilder confidence, as well as starts and permits data, will…
WASHINGTON (AP) — President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey. The European import tax, which was unveiled in response to steel and aluminum tariffs by the U.S. administration, is expected to go into effect…
WMDoll, one of China’s biggest sex doll makers, expects to record a 30 per cent jump in sales this year, as the company’s adoption of open-source generative artificial intelligence (AI) models helped improve the user experience of its products. Feedback received by WMDoll has been generally good after integrating large language models (LLMs) – the…
DeepSeek news earlier in the week spooked many investors in the AI trade, with many related stocks taking nosedives as a result. DeepSeek is a Chinese artificial intelligence startup that develops open-source large language models (LLM). It recently introduced its R1 model, which rivals leading AI systems like OpenAI’s ChatGPT but was developed at a…
By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – Risks to the U.S. stock market are piling up as cracks emerge in the technology trade and the path for interest rates is clouded by persistent inflation worries that are being exacerbated by the potential for looming tariffs. Mixed results from megacap…
Chinese artificial intelligence startup company DeepSeek stunned markets and AI experts with its claim that it built its immensely popular chatbot at a fraction of the cost of those made by American tech titans. That immediately called into question the billions of dollars U.S. tech companies are spending on a massive expansion of energy-hungry data…
In This Story Nvidia (NVDA-16.95%) stock saw a slight turnaround Tuesday morning after the chipmaker suffered its biggest single-day market value loss because of an artificial intelligence chatbot challenger in China. How Nike’s new CEO plans to revive the struggling sportswear giant Shares of the AI chipmaker were up 2% in pre-market trading, after closing…
WASHINGTON (AP) — President Donald Trump’s first week in office isn’t over yet, but already it offers signals about how his next four years in the White House may unfold. Some takeaways from the earliest days of his second term: He’s emboldened like never before Within hours of being sworn in, Trump pardoned more than…
Liang Wenfeng, 40, took part in the meeting where a select group of industry experts – in the fields of technology, education, science, culture, health and sports – offered Li their opinions and suggestions for a draft government work report, according to official news agency Xinhua. Hangzhou-based start-up DeepSeek last December made waves in the…
BANGKOK (AP) — Asian shares advanced early Monday after U.S. stock indexes rallied to close out their best week in two months, while U.S. futures and oil prices were little changed. Hong Kong’s Hang Seng jumped 2.3% to 20,041.09 after China’s central bank kept its key lending rates unchanged and the Shanghai Composite index was…