Trump tariffs on Canada, Mexico and China begin Saturday, White House says
The White House confirmed Friday that the president will be leveling aggressive tariffs this weekend on major U.S. trading partners.
Financial News
How DeepSeek and next-generation AI agents could erode value of language models
Executives at leading AI labs say that large language models like those from OpenAI and Big Tech firms risk becoming commoditized in 2025.
Euro zone economy flatlines in fourth quarter, missing expectations for slight expansion
Economists polled by Reuters had expected growth of 0.1% over the period, following a larger-than-expected 0.4% expansion in the third quarter.
World’s largest sovereign wealth fund reports $222 billion annual profit on tech rally
Norway’s sovereign wealth fund reported its full-year earnings on Wednesday.
HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.
Nvidia falls 14% in premarket trading as China’s DeepSeek triggers global tech sell-off
DeepSeek launched a free, open-source large-language model in late December, claiming it was developed in just two months at a cost of under $6 million.
CIA believes Covid-19 likely caused by lab leak, NBC News reports
“CIA continues to assess that both research-related and natural origin scenarios of the COVID-19 pandemic remain plausible.”
Alphabet shares close above $200 for first time on split-adjusted basis
Investors are growing more bullish on Alphabet as the company speeds up its AI development.
Burberry shares jump 13% after better-than-expected quarterly sales
Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh efforts to revamp the beleaguered British fashion house.
Apple and Google’s massive mobile empires face dual UK antitrust probes
Britain’s competition regulator launched an investigation into Apple and Google’s mobile ecosystems to assess whether they’re in breach of strict new tech laws.