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January 29, 2025: A seismic shift hit global technology markets Monday as US stocks tumbled in response to a revolutionary development from Chinese artificial intelligence company DeepSeek.  One-year-old startup revealed its AI model, R1, which rivals the capabilities of industry leaders like OpenAI and Google but operates at a fraction of the cost.  This breakthrough

S&P 500 rose to a record high on Thursday, edging above the peak reached in early December, marking a continuation of its positive momentum following recent inflation data and President Trump’s renewed commitment to reducing oil prices, a key driver of inflation.  Index increased by 0.5 percent on Thursday, extending a rally that began more

U.S. stock markets rallied strongly on Wednesday, driven by a mix of economic data and positive corporate earnings reports.  Day’s gains came after the latest consumer price index (CPI) report revealed that core inflation slowed unexpectedly in December. This development, coupled with blowout earnings results from major U.S. banks, fueled investor optimism.  Stock Market Overview 

Palantir, one of the biggest gainers in the S&P 500 last year rising more than 340%, was down for a third straight day in premarket, losing more than 2%. Chipmaker Advanced Micro Devices shed about 2.2% after a downgrade by HSBC.  Data released Wednesday morning showed private-sector job creation in December eased more than expected,

In the aftermath of unprecedented gains in the stock market, millions of Americans have seen their net worth soar, buoyed by the robust performance of Wall Street. However, experts are raising alarms about potentially unsustainable valuations that could trigger a sharp market downturn, threatening the broader economy.  Historic Gains Fuel Confidence and Spending  The US