Russia’s stock market surged on Thursday after Trump and Putin had an hourlong call about the war. The call was widely seen as Washington moving to reconcile with Moscow after three years. It’s sparked fears in Europe that the US may abandon its lead position in the West’s bloc against Russia. Russia’s stock market posted…
As President Donald Trump announced his intentions to begin negotiations to end the ongoing war in Ukraine, local Ukrainians in Massachusetts said they are worried that these negotiations will result in Ukrainian territorial concessions to Russia.Following phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy on Wednesday, Trump announced that he had…
China’s AI tech stocks surged after the Chinese New Year public holidays. DeepSeek’s rise challenges Western AI dominance and boosts Chinese tech sector confidence. However, broader Chinese markets fell amid US-China trade war jitters. DeepSeek-related Chinese tech stocks surged on Wednesday, despite trade war jitters that hit the broader market. Last week, affordable Chinese AI…
Tech giants appeared to defend their heavy AI investments during their latest earnings calls. Both Meta and Microsoft plan to spend over $60 billion on building out AI infrastructure this year. DeepSeek’s seemingly cheaper AI model has raised questions. DeepSeek may have spooked investors at the start of the week, but tech giants are doubling…
China’s Ministry of Foreign Affairs has demanded a full investigation after a passenger jet and a US Army helicopter collided on Wednesday night in Washington killing 67 people, including two Chinese nationals. In a statement on Friday, the ministry expressed its “deepest condolences to all the victims and sympathies to the bereaved families”. “Two Chinese…
A heated exchange erupted between Massachusetts U.S. Sen. Elizabeth Warren and President Donald Trump’s nominee for Secretary of Health and Human Services, Robert F. Kennedy Jr., during his senate confirmation hearing on Wednesday.The exchange erupted when Warren asked Kennedy about his previous anti-vaccine statements, which Kennedy appeared to walk back during the hearing. “There is…
Sam Altman’s new AI joint venture, Stargate, has drawn criticism from Elon Musk. Musk said on X that Stargate didn’t have the funds to build AI infrastructure. Altman has responded. The exchange between the pair is another chapter in their long-running feud. Elon Musk took to X to post a jab at Sam Altman after…
JPMorgan Chase CEO Jamie Dimon said he’s looking at tariffs as an economic tool. Speaking in Davos, he said they can help address unfair trade balances and boost national security. “National security trumps a little bit more inflation,” he said. JPMorgan Chase CEO Jamie Dimon said Wednesday that while tariffs may lead to consumer price…
2025 could yield a great opportunity for bears to jump back into the market. Wall Street is pointing to the potential for more pullbacks from records as buying opportunities. Forecasters are expecting another positive year for the market, despite hefty gains in 2024. Investors who have watched from the sidelines as stocks soared to new…
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…