Your Pulse On America: Live And Unfiltered
The DeepSeek effect Markets are on edge on Monday, as global tech investors face a $1 trillion wipeout. The cause: anxiety that the emergence of powerful — and cheap — Chinese artificial intelligence software could upend the economics of A.I. Nasdaq futures have plummeted nearly 4 percent. And shares in Nvidia, the chipmaker whose processors…
Stock markets fell sharply on Monday, dragged down by fears that advances in artificial intelligence by Chinese upstarts could threaten the moneymaking power of global technology giants. The Chinese A.I. company DeepSeek has made waves by matching the capabilities of cutting-edge chatbots while using a fraction of the specialized computer chips that leading A.I. companies…
“The chief business of the American people is business.” That declaration by Calvin Coolidge has been shortened and simplified since that Republican president uttered it before an assembly of newspaper editors a century ago. But the notion that the business of America is business was on conspicuous display at President Trump’s inauguration. It may be…
The S&P 500 clambered back to a record high on Thursday, inching above a peak reached in early December, after a rally that began with easing inflation concerns tipped over the threshold as President Donald J. Trump reiterated his commitment to bring down oil prices — a major component of inflation. The S&P 500 rose…
A year ago, India was bouncing back from a recession caused by Covid-19 with a spring in its step. The country had overtaken China as the most populous country, and its leaders were declaring India the world’s fastest-growing major economy. This was music to the ears of foreign investors, and to India’s prime minister, Narendra…
A swath of the nation’s largest lenders, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported quarterly and annual financial results on Wednesday that beat analysts’ expectations, and largely expressed a go-go attitude about what’s ahead for the economy after President-elect Donald J. Trump is inaugurated next week. JPMorgan, the nation’s biggest bank, said it…