The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg | Getty Images Shareholders of Italian lender Mediobanca on Tuesday rejected a 13-billion-euro takeover offer from smaller domestic peer Monte dei Paschi, amid a ramp-up in consolidation bids in the Italian banking sector. “The Offer is […]
Check out the companies making headlines in premarket trading. Nvidia — The artificial intelligence darling bounced back about 3% after plunging 17% a day earlier. Shares of peer firms with large AI exposure Broadcom and Oracle also ticked up more than 2%. Boeing — The aerospace stock was less than 1% lower after fourth-quarter results […]
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) 2025, showcasing the company’s latest innovations in Las Vegas, Nevada, USA, on January 6, 2025. Artur Widak | Anadolu | Getty Images Nvidia shares traded higher in the premarket Tuesday, as traders reassessed the implications of a much cheaper-to-build large-language model […]
Branch of HSBC bank on 15th January 2024 in London, United Kingdom. HSBC Bank plc is a British multinational banking and financial services organisation. HSBCs international network comprises around 7,500 offices in over 80 countries globally. (photo by Mike Kemp/In Pictures via Getty Images) Mike Kemp | In Pictures | Getty Images HSBC is preparing […]
Check out the companies making headlines in midday trading: Nvidia — The chipmaker tumbled nearly 16% as the performance of a language model from Chinese startup DeepSeek raised questions about the amount of investment in artificial intelligence. With that performance, the high-flying AI name is on track to notch its worst day since March 2020. […]
A young Chinese AI startup, DeepSeek, sparked a massive rout in U.S. technology stocks Monday as its highly competitive — and potentially shockingly cost-effective — models stoked doubts about the hundreds of billions of dollars that America’s biggest tech companies are spending on artificial intelligence. DeepSeek’s emergence is shaking up investor confidence in the AI […]
Check out the companies making headlines in premarket trading. Nvidia — The artificial intelligence darling saw shares tumbling more than 11% in premarket trading, on track for its worst day since March 2020. The sell-off occured after Chinese startup DeepSeek launched a free open-source large-language model in late December, saying it was developed in just two […]
The World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — A slew of releases last week demonstrate how Chinese companies such as DeepSeek and ByteDance have moved quickly with artificial intelligence models that compete with OpenAI’s ChatGPT. Now, many companies in China are increasingly building on that foundation […]
Tariffs or not, Chinese markets are still waiting for earnings to turn around, analysts point out. “Regardless of what the number of the tariffs are for China, it comes back to the domestic stimulus for China and whether China can alleviate the deflation pressures,” Aaron Costello, head of Asia at Cambridge Associates, said Thursday. Beijing […]
Silas Stein | Picture Alliance | Getty Images American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing from a 7% growth rate early in the year to 6% […]
