Investing.com — Laopu Gold, a top-tier jewelry brand, saw its shares reach a new high ahead of the Lunar New Year holidays, surpassing other leading Chinese retailers and luxury brands that have been impacted by a decrease in demand. The company’s shares climbed by as much as 18% to 432.80 Hong Kong dollars, equivalent to…
LONDON (Reuters) – Technology shares around the world slid on Monday as a surge in popularity of a Chinese discount artificial intelligence model shook investors’ faith in the AI sector’s voracious demand for high-tech chips. Startup DeepSeek has rolled out a free assistant it says uses lower-cost chips and less data, seemingly challenging a widespread…
Bank of America (BofA) revised its forecast for the Mexican Central Bank, Banco de México (Banxico), predicting an acceleration in the pace of interest rate cuts. This adjustment comes as headline inflation continues to decline, currently sitting below the 4.0% mark, which is within Banxico’s range of variability. BofA now anticipates a more aggressive 50…
Investing.com — Shares of AI infrastructure companies plummeted on Monday as investors responded to news that China’s DeepSeek has developed a highly efficient open-source language model, potentially impacting future capital expenditures in the AI industry. The innovative model, which rivals the performance of GPT-4 with significantly less computing power, has introduced uncertainty regarding the growth…
Investing.com – The European Central Bank is expected to reduce interest rates by a quarter of a percentage point at every meeting “until at least the summer”, according to analysts at Citi. Economists widely expect the ECB to cut rates by 25 basis points at its upcoming policy meeting this week, after having previously slashed borrowing…
ALPHARETTA, Ga. & ATLANTA – Aptean, a provider of enterprise software solutions, has agreed to purchase Logility Supply Chain Solutions, Inc. (NASDAQ: LGTY), an AI-first supply chain management software company. The all-cash transaction announced today values Logility at $14.30 per share, a significant premium over recent and unaffected closing share prices. The acquisition price is…
MOSCOW (Reuters) – Russia could face a wave of corporate bankruptcies this year as the share of enterprises with risky levels of debt in total corporate revenue doubled in 2024, a leading think tank advising the government said in a research note. The warning emphasizes the scale of high inflation and slowing growth, which have…
DUBLIN (Reuters) – Ryanair expects to receive 38 Boeing (NYSE:BA) 737 planes by the end of the summer and possibly up to 42 by October if the U.S. Federal Aviation Administration approves deliveries of the additional jets, Ryanair CEO Michael O’Leary said on Monday. O’Leary said he was “reasonably hopeful” that Boeing will manage to…
By Jessica DiNapoli and Jonathan Stempel NEW YORK (Reuters) -Ben & Jerry’s ratcheted up its censorship lawsuit against Unilever (LON:ULVR) on Friday, accusing its parent company of suppressing a social policy statement the U.S. ice cream maker wanted to release because it mentioned President Donald Trump. The allegation came in an amended complaint filed in…
Investing.com — Chinese AI startup DeepSeek shook global tech markets on Monday, fueling concerns about the US’s technological edge in the AI space. Over the weekend, excitement grew around DeepSeek’s new AI model, which is cost-effective and operates on less-advanced chips, raising doubts about the lofty valuations of companies like Nvidia (NASDAQ:NVDA), a key player…
