Matt Egan explains why China’s AI model is causing US stocks to drop
CNN’s Matt Egan reports on a new Chinese AI model called R1, which was created by the company DeepSeek. The R1 model is ...
Hindenburg’s exit marks the end of an era for swashbuckling short-sellers
For the last half-decade or so, the last thing any CEO wanted to was to see their company’s name in print alongside ...
A shocking Chinese AI advancement called DeepSeek is sending US stocks plunging
US stocks dropped sharply Monday — and chipmaker Nvidia lost nearly $600 billion in market value — after a surprise advancement from a Chinese artificial intelligence company, DeepSeek, threatened the ...
Biden’s economic legacy: Historic wage gains, investment and job growth but marred by inflation
President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for ...
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Wall Street has racked up blockbuster returns. 2025 could change everything
“I’m very concerned because the stock market is pricing in nothing but blue skies and sunshine forever,” Mark Zandi, chief economist at Moody’s Analytics, told CNN in a phone interview.
DeepSeek just blew up the AI industry’s narrative that it needs more money and power
And finally, in the year 2025, here comes DeepSeek to blow up the industry’s whole narrative about AI’s bottomless appetite for power, and potentially break the spell that had kept Wall Street ...
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CNN and NBC News to lay off employees, CNBC reports
(Reuters) -CNN, a unit of Warner Bros Discovery (NASDAQ ... the report added. NBC News, owned by Comcast (NASDAQ:CMCSA), is also planning job cuts later this week, according to the report.