Author: Bella Hayes

Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a week in which the Federal Reserve holds a policy-setting meeting. At 04:35 ET (09:35 GMT), the , which tracks the against a basket of six other currencies, traded 0.1% higher to 107.310, down more than 1% this week. Tariff threat helps dollar  The dollar last week suffered its weakest week since November 2023 as Donald Trump appeared to rein in the threat of trade tariffs, prompting traders to reduce the…

(Removes extraneous “e” in paragraph 10) SINGAPORE (Reuters) – Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors’ faith in the profitability of AI and the sector’s voracious demand for high-tech chips. were down 2.6% and slipped 1.4% by the European morning, and shares in Nvidia (NASDAQ:) supplier Advantest fell 8.5% in Tokyo. Frankfurt-listed shares of Nvidia slipped about 7%, while those of Tesla (NASDAQ:), Amazon (NASDAQ:) and Meta (NASDAQ:) fell more than 2% in early European trading. Startup DeepSeek has rolled out a free assistant…

Investing.com – US stock futures dropped on Monday as markets assessed the release of a Chinese firm’s new artificial intelligence model that may rival OpenAI’s ChatGPT, while the rose in response to a tariff spat between President Donald Trump and Colombia. Later this week, the Federal Reserve is expected to keep interest rates unchanged, while results from mega-cap tech companies could further impact sentiment around the broader stock market. Elsewhere, activity in China’s manufacturing sector unexpectedly contracts in January. 1. Futures lower US stock futures pointed lower on Monday as investors eyed the implications of the launch of Chinese start-up DeepSeek’s…

By Florence Tan SINGAPORE (Reuters) -Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office. futures dropped 35 cents, or 0.45%, to $78.15 a barrel by 0726 GMT after settling 21 cents higher on Friday. U.S. West Texas Intermediate crude was at $74.26 a barrel, down 40 cents, or 0.54%. Oil pared sharper losses seen earlier in the session after the U.S. swiftly reversed plans to impose sanctions and tariffs on Colombia, after the South American…

LONDON (Reuters) -It’s a big week ahead as the U.S. Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025. Into the mix go earnings from heavyweights including Apple (NASDAQ:) and Tesla (NASDAQ:), and likely market spikes from comments by new U.S. President Donald Trump – especially any on tariffs. Here’s your guide to the week ahead in global markets from Lewis (JO:) Krauskopf in New York, Kevin Buckland in Tokyo and Amanda Cooper, Lucy Raitano and Yoruk Bahceli in London. 1/ FED AHEAD The Fed holds its first meeting of the year, just over…

Investing.com – Litecoin was trading at $111.583 by 01:38 (06:38 GMT) on the Investing.com Index on Monday, up 10.14% on the day. It was the largest one-day percentage gain since Wednesday, December 18, 2024. The move upwards pushed Litecoin’s market cap up to $8.495B, or 0.45% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $111.546 to $117.852 in the previous twenty-four hours. Over the past seven days, Litecoin has seen a drop in value, as it lost 3.92%. The volume of Litecoin traded in the twenty-four hours…

Investing.com– Chinese artificial intelligence firm DeepSeek launched a set of new open source models over the past week claiming to match offerings from rivals such as OpenAI for a fraction of their cost.  The launch and subsequent testing of the company’s flagship model- DeepSeek R1- sparked questions over just how much of the recent capital expenditure on building AI infrastructure, which has stretched into hundreds of billions of dollars among U.S. majors- was justified. Bernstein analysts noted that the new models were impressive, in their ability to compete with leading models from OpenAI and Meta (NASDAQ:), while claiming to use…

BEIJING (Reuters) – Chinese startup DeepSeek’s AI Assistant on Monday overtook rival ChatGPT to become the top-rated free application available on Apple (NASDAQ:)’s App Store in the United States. Powered by the DeepSeek-V3 model, which its creators say “tops the leaderboard among open-source models and rivals the most advanced closed-source models globally”, the artificial intelligence application has surged in popularity among U.S. users since it was released on Jan. 10, according to app data research firm Sensor Tower. The milestone highlights how DeepSeek has left a deep impression on Silicon Valley, upending widely held views about U.S. primacy in AI…

CHONGQING, China, Jan. 26, 2025 /PRNewswire/ — During the World Economic Forum’s 2025 annual meeting held from January 20-24 in  Davos-Klosters, Switzerland, nearly 3,000 representatives from 130 countries and regions discussed the theme “Collaboration for the Intelligent Age,” exploring topics such as reimagining growth and industries in the intelligent era. SERES Vice President Kang Bo was the sole Chinese new energy vehicle enterprise representative invited to attend and participate in multiple forum activities.In today’s globalized landscape, open collaboration has become essential. By sharing resources and expertise across industries, innovative business models and development approaches are emerging, enabling high-quality collaboration in…

Investing.com– Leading Chinese internet stocks such as Tencent Holdings Ltd (HK:), Alibaba (NYSE:) Group Holding Ltd (HK:), and Baidu (NASDAQ:) Inc (HK:) experienced notable gains, driven by speculation surrounding advancements from AI startup DeepSeek. DeepSeek’s recent release of its open-source reasoning model, DeepSeek-R1, has been recognized for rivaling OpenAI’s ChatGPT in several performance benchmarks. This achievement is particularly noteworthy given the company’s use of less advanced chips, highlighting the challenges of U.S. export curbs in hindering China’s AI progress. It also gained attention for achieving comparable performance to established AI systems like OpenAI’s GPT models and Meta’s Llama, while operating…