• Mon, January 27, 2025

by: Tuko

DeepSeek: China's New Open Source AI Sends Shockwaves Across US Stock Market

Chinese-made DeepSeek has sent shockwaves across the US stock market with a significant price drop among tech firms such as Nvidia, Microsoft, and Meta.

by: bnnbloomberg

MicroStrategy Buys More Bitcoin While Adding Capital Raising Tools

MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency.

by: Investopedia

7 Unexpected Ways AI Can Transform Your Investment Strategy

Artificial intelligence is transforming investment management, but it's crucial that investors understand both its capabilities and limitations. Here's what you should know.

by: legit

Billionaire financier Bessent confirmed as Trump's treasury chief

Billionaire hedge fund manager Scott Bessent won Senate approval Monday to become US Treasury secretary, placing him at the forefront of implementing Donald Trump's economic agenda -- which is already triggering global jitters.

by: Reuters

Britain's Starmer to announce growth-boosting pension reform plans

British Prime Minister Keir Starmer and finance minister Rachel Reeves will meet business leaders on Tuesday to announce pension sector reforms that they hope will boost economic growth and investment.

by: AOL

Small business needs 'never change,' regardless of who occupies the White House: Former Biden adviser

Though many are preparing for a bleak four years, former director of public affairs and senior adviser for the Biden administration Jonathan Lovitz isn't worried about small entrepreneurs.

by: Couriermail

'Ripped off': Aussie business owner fumes over 'dupe' product and claims she's been 'copied'

An Aussie business owner was scrolling through TikTok when her heart sank because customers were tagging her and claiming Kmart had "ripped off" her product.

by: Forbes

Biden's Policy Lead On Crypto Responds To Trump's New Executive Order

One of the former key White House Advisors under former President Biden shared some reactions to Trump's new executive order on digital assets released last Thursday.

by: MSN

WSJ Crossword January 28 2025 Answers (1/28/25)

Our WSJ Crossword January 28, 2025 answers guide should help you finish today's crossword if you've found yourself stuck on a crossword clue. The Wall Street Journal Crossword is a well-known and respected puzzle that appeals to solvers looking for a challenging and thought-provoking experience.

by: MSN

Govt looks for new Sebi chief, Puri Buch's term ends in February

The finance ministry has initiated the search for a new Sebi chairman as Madhabi Puri Buch's term ends in February. Eligible candidates must be above 50 years old with 25 years of experience in relevant fields.

by: AOL

Best Stock to Buy Right Now: Altria vs. Costco

Altria (NYSE: MO) and Costco (NASDAQ: COST) are pretty different companies, but they share a subtle similarity. What does Altria do? Altria's biggest business is selling high-end cigarettes under the iconic Marlboro brand.

by: Reuters

Ghana plans gold board to increase earnings and curb smuggling

Ghana plans to launch a Gold Board to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling, the west African country's newly appointed finance minister Cassiel Ato Forson said on Monday.

by: Investopedia

Level Up Your Investing Strategy: 7 Smart Ways To Transform Your Approach

Portfolio diversification is just the beginning. Once you're ready for more advanced investing strategy, consider these important approaches, techniques, and tools to take your investments to the next level.

by: AOL

What happens to your investment account after you die?

Your investment account's transfer process after death depends on how you've set it up - from quick transfers with proper beneficiaries to lengthy cort processes with probate.

by: Reuters

Goldman Sachs promotes Duffner to head activism defense in EMEA, memo says

Goldman Sachs on Monday tapped veteran banker Stefan Duffner to lead the investment bank's activism and shareholder advisory work in Europe, Middle East and Africa (EMEA) at a time corporations are increasingly asking for help to defend against activist investors pushing for changes.

by: MSN

Inside Nancy Pelosi's huge net worth as ex-Speaker dumps Nvidia stock for DeepSeek AI

Nancy Pelosi has earned millions of dollars from investing in profitable tech stocks in recent years. The 84-year-old Democrat, who is recovering from emergency hip surgery after a fall, made history in 2007 as the first woman to be elected Speaker of the House of Representatives,

by: MSN

What to know about Scott Bessent, Trump's new Treasury secretary

From his years working for George Soros to his role as a key economic advisor to Trump, Bessent has extensive if contradictory Wall Street experience.

by: MSN

Cape Town's continued global recognition unlocks opportunities for local business growth

With Cape Town's recent recognition as the "Best City in the World" for 2025 by Time Out, a global authority on city culture, travel, and experiences, the city has once again cemented its status as a world-class destination.

by: MSN

Vermont leaders push back against U.S. - Canada tariffs

Vermont's congressional delegation is working to protect local industries from potential financial strain as concerns about proposed tariffs between the United States and Canada continue to grow. Senator Peter Welch took the lead in bringing together business leaders in St.

by: MSN

'Wild Cards' Outfit Blink49 Beefs Up Exec Ranks, Taps Lionsgate Alum Andrew Nissen (EXCLUSIVE)

Blink49 Studios is bulking up its executive roster with a series of promotions and a key hire as the Fifth Season-backed production banner continues to expand its footprint in the global content market.

by: MSN

How to Build a Strong Brand Identity for Your Early-Stage Startup

Branding might not be your first priority, but neglecting it can hurt your startup. A strong brand identity early on sets the stage for marketing success.

by: MSN

In the New Trump Era, DEI Will Still Be Part of Profitable Strategies

The right-leaning behavior of Mark Zuckerberg and Jeff Bezos shouldn't be an influence in most U.S. workplaces.

by: MSN

North East deals of the week: key acquisitions, contracts and investments

Companies featuring in this week's round-up include Northern Trust Company, Greene King, Wastefront, MaximFM and Valiant Pub Company, AM Recruitment, SOS Group, RWO, Orbital FX and AM Recruitment

by: MSN

Three Key Takeaways from the 43rd Annual J.P. Morgan Healthcare Conference

Radiotherapy, China's biotech surge and AI's role in drug discovery are notable topics that emerged from conversations on the ground floor.

by: MSN

IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 Crore, Core Operating Profit up 15% YoY

Financial results - IDFC FIRST Bank today announced the unaudited financial results for the quarter and nine months ended December 31, 2024. Deposits & Borrowings* Customer Deposits increased 28.8% YOY from Rs.

by: MSN

Investors betting on the Trump trade may be missing some real risks

Wall Street investors, spurred on by Trump's pro-business agenda, could be ignoring real risks posed by the president.
  • Tue, January 28, 2025

by: Firstpost

Reconciling growth and sustainability: What Union Budget 2025 must deliver

Thus, it is important to bring issues of sustainability to the centre along with a push for higher growth. As we see, the good thing is that such a balancing act is definitely possible. What is needed is a bit of imagination and a bit of determination. Let us wait and see if the budget delivers on that front.

by: cnbctv18

What is a private credit transaction? Know types and eligibility criteria

Private credit transactions can involve a variety of debt instruments and are generally considered riskier than traditional loans due to their more tailored and less regulated nature. Although they frequently provide lenders with higher returns,

by: Kiplinger

How Much Fun Is Too Much Fun When You're in the Office?

Having a work-should-be-fun atmosphere sounds great — until someone gets smacked in the head by a basketball. What should companies consider about workplace safety?

by: rnz

Christopher Luxon hints National will campaign on asset sales in the 2026 election

The prime minister has ruled out selling off state houses, but said he is open to having a wider conversation with voters, while Labour says it's a "typical right-wing government playbook" move.

by: Indiatimes

Budget 2025 Expectations Live Updates: FM Sitharaman to bring income tax cheer for salaried taxpayers? GDP growth, record capex in focus

Finance Minister Nirmala Sitharaman's Union Budget 2025 speech on February 1, 2025 is being looked at to provi

by: AOL

Is Hims & Hers Health Stock a Buy?

For its most recently reported quarter (Q3 of 2024), Hims & Hers generated $401.6 million in revenue. That resulted in a free cash flow of $79.4 million, representing year-over-year revenue growth of 77% and free cash flow growth of 311.4%.

by: cnbctv18

Budget 2025 expectations LIVE updates: Bank of Baroda Economist expects focus on deficit, capex & MSMEs

With the Union Budget around the corner, the travel and hospitality sectors are eager to see if their longstanding demands will finally be addressed, paving the way for sustained growth and development.

by: AOL

1 Hard Truth Investors in eVTOL Stocks Joby and Archer Aviation Can't Ignore

EVTOL operators like Joby and Archer believe their primary advantage over traditional ride-sharing options like Uber and Lyft is speed. For example, these air taxis can replace car trips in traffic that might take 60-90 minutes with a 10-20 minute flight.

by: Reuters

JPMorgan picks Reed to run government and healthcare businesses

JPMorgan Chase named Curtis Reed on Tuesday as chief of the largest U.S. lender's government banking and healthcare, higher education and not-for-profit banking businesses.

by: Reuters

British insurer Phoenix's Standard Life CEO to retire in 2025

British insurer Phoenix Group said on Tuesday that Andy Curran, the CEO of Standard Life, its pension & savings and retirement solutions business, will retire in the summer of 2025.

by: Reuters

MPS shares slide further as Mediobanca board meets to discuss bid

Shares in Monte dei Paschi fell further on Tuesday as the board of Mediobanca gathered to discuss a surprise bid by the smaller rival, the latest move in a series of takeover tussles rattling Italian banking.

by: Reuters

Euro zone banks tighten companies' access to credit, ECB survey shows

Euro zone banks tightened firms' access to credit last quarter and expect further tightening in the first three months of 2025, a European Central Bank survey showed on Tuesday, reinforcing the case for more interest rate cuts as the economy slows.

by: Reuters

Bank of England appoints Andrea Enria to Prudential Regulation Committee

The Bank of England on Tuesday appointed one of its senior advisers, Andrea Enria, to the Prudential Regulation Committee.

by: Reuters

Exclusive: HSBC to wind down M&A and ECM capabilities in Europe, UK & Americas, memo shows

HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up of its investment banking operations, a memo showed on Tuesday.

by: Reuters

European banks may find it tough to repeat strong end-of-year performance

European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust margins from lending and bumper investment banking revenues.

by: MSN

Bizloan Sets Ambitious Growth Plans After Securing INR 35 Cr in Series A Funding

The round was led by the Michael & Susan Dell Foundation and BLinC Invest, with Resurgent India serving as an advisor.

by: MSN

Foreigners return to the market, paying record prices as golden visas end

Over the past year, more foreigners have bought properties in Spain, often breaking records. According to notaries, citizens from countries like the USA, Portugal, Italy, Morocco and Ukraine have bought more properties than ever in Spain,

by: MSN

Aries Daily Horoscope Today (Mar 21 - April 19), January 28, 2025: Take logical risks!

Aries Money Horoscope Today There will be positivity and excellence in your career and business. Focus on smart working and prioritise your career and business. There will be an increase in wealth. Aries Career Horoscope Today You will receive everyone's support and move towards success.

by: MSN

Russia Moves to Seize Western Assets in Retaliation for Frozen Funds

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

by: MSN

EXCLUSIVE: Circ Launches 'Fiber Club' With Bestseller, Eileen Fisher and Everlane

Textile-to-textile recycler Circ is launching a new collective of brands and suppliers to scale and speed up the adoption of recycled materials. It's called Fiber Club, and brings together the brands Bestseller,

by: MSN

Market slump may offer buying opportunities in quality stocks: Deven Choksey

Some of the auto ancillary companies which are though you may not want to call them as a completely largecap, but in the high range of midcaps they are relatively a better placed.

by: MSN

IIFL Finance shares plunged 9% today; here's why

IIFL Finance shares fell 8.72 per cent to hit a low of Rs 325.95 on BSE. The stock is down 21 per cent in 2025 so far and 45 per cent in the past one year.

DeepSeek: China's New Open Source AI Sends Shockwaves Across US Stock Market

Chinese-made DeepSeek has sent shockwaves across the US stock market with a significant price drop among tech firms such as Nvidia, Microsoft, and Meta.
The article from Tuko.co.ke discusses the impact of DeepSeek, a new open-source AI model developed by China, on global stock markets. DeepSeek, which rivals the capabilities of leading AI models like those from xAI and Meta, has introduced significant advancements in AI technology, particularly in understanding and processing Chinese language and culture. This development has led to a notable reaction in the stock market, with shares of companies involved in AI and related technologies experiencing fluctuations. Investors are reacting to the potential of DeepSeek to disrupt the AI industry, which is already a battleground for tech supremacy between the U.S. and China. The model's open-source nature could democratize AI technology, potentially shifting market dynamics and prompting both excitement and concern among investors about future market trends and geopolitical tech rivalry.

Read the Full Tuko Article at:
https://www.tuko.co.ke/business-economy/capital-market/576849-deepseek-chinas-open-source-ai-sends-shockwaves-stock-market/