Wall Street
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China’s DeepSeek could upend AI business models. Here’s whyThe shock to financial markets came from China, where DeepSeek said it had developed a large language model that can compete with U.S. giants but at a fraction of the cost.MoneyJan 27
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Here’s how the U.S. stock market is reacting on Election DayUncertainty over the election outcome in the days ahead could upset markets, along with an upcoming meeting by the U.S. Federal Reserve on interest rates later this week.EconomyNov 5, 2024
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Wall Street, global markets plunge as fears grow of slowing U.S. economyThe tumbles were spurred by Friday’s report showing unexpectedly slower hiring among U.S. employers, raising fears of a coming recession.EconomyAug 5, 2024
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Amazon’s stock value has crossed US$2 trillion, driven by AI investmentsAmazon now joins Google's parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia among companies with valuations of at least $2 trillion.MoneyJun 26, 2024
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Netflix beats subscriber targets, but revenue falls short of forecastNetflix said it will stop reporting subscriber additions each quarter starting with the first quarter of 2025 and instead will announce them only when major milestones are reached.ConsumerApr 18, 2024
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NYCB secures US$1B investment as U.S. regional bank faced financial pressureHudson Bay Capital, Reverence Capital Partners, Citadel Securities, other institutional investors and certain members of the bank's management also participated.ConsumerMar 6, 2024
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Microsoft beats Q2 estimates with help from AI featuresInvestors are watching Microsoft's Azure and Office revenues closely to see what sales flow from the money the company plans to pour into data centers to deliver generative AI.ConsumerJan 30, 2024
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Google parent Alphabet’s holiday ad sales disappoint, shares dropAlphabet has faced tough competition for ad budgets from other online platforms such as Facebook, Instagram, TikTok and Amazon.com, alongside mixed economic signals in the U.S.ConsumerJan 30, 2024
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Wall Street sees record high following inflation scarsThrough many cycles in history, the Federal Reserve has helped induce recessions through such increases to interest rates and there was expectation last year it may happen again.ConsumerJan 19, 2024
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The U.S. credit rating has been downgraded again. What does that mean?Fitch Ratings cited Washington's rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+.U.S. NewsAug 2, 2023
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