• January 27, 2025

Stock Bulls Get AI Wake-Up Call in Bruising Plunge: Markets Wrap

(Bloomberg) -- Wall Street had a rough start to the week on concern that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify. Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat Happened to Hanging Out on the Street?Budapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer C

Read More

• January 27, 2025

Stock market today: Nasdaq clobbered, Nvidia sinks 17% while Dow stages comeback as AI fears shake markets

A Chinese startup's promise of cheaper AI has rattled faith in the growth prospects for tech stocks.

Read More

• January 27, 2025

DeepSeek is making Wall Street nervous about the AI spending boom: Here’s what we know

If the most sought-after AI chips aren't as vital as previously thought, an entire ecosystem built around massive AI investment could be in jeopardy.

Read More

• January 27, 2025

Wall Street asks SEC to extend timeline for US Treasury market overhaul

NEW YORK (Reuters) -Wall Street is asking regulators for more time to implement a rule requiring centralized Treasury clearing as banks and funds trading U.S. government bonds face a 2026 deadline. The Securities Industry and Financial Markets Association (SIFMA) together with other trade associations sent a letter to the SEC on Friday requesting that the implementation timeline be extended by at least one year for the cash and repo clearing deadlines.

Read More

• January 27, 2025

Why market panic over China's DeepSeek is 'overblown,' analysts say

China’s AI startup DeepSeek triggered a tech sell-off today as investors panicked over fears of a cheaper open-source model.

Read More

• January 27, 2025

Graco (NYSE:GGG) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops

Fluid and coating equipment company Graco (NYSE:GGG) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 3.2% year on year to $548.7 million. Its non-GAAP profit of $0.64 per share was 15.8% below analysts’ consensus estimates.

Read More

• January 27, 2025

Sanmina’s (NASDAQ:SANM) Q4 Sales Beat Estimates

Electronics manufacturing services company Sanmina (NASDAQ:SANM) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 7% year on year to $2.01 billion. On the other hand, next quarter’s revenue guidance of $1.95 billion was less impressive, coming in 2.1% below analysts’ estimates. Its non-GAAP profit of $1.44 per share was 5.1% above analysts’ consensus estimates.

Read More

• January 27, 2025

Muni Bonds Jump on Haven Rally After DeepSeek Upends Tech Market

(Bloomberg) -- Municipal bonds rose alongside Treasuries Monday as investors rushed into haven assets after the rapid ascent of a Chinese AI startup rattled the US stock market.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat Happened to Hanging Out on the Street?Budapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresBenchmark state

Read More

• January 27, 2025

Apple, Meta Platforms rise to lead 'Magnificent 7' stocks amid AI washout

Apple stock jumped Monday, proving itself resilient to the widespread AI stock sell-off Monday prompted by the release of Chinese firm DeepSeek’s new cost-effective artificial intelligence model.

Read More

• January 27, 2025

Time to 'panic' or 'overblown'? Wall Street weighs how DeepSeek could shake up the AI trade

AI stocks fell across the board as the investment community absorbed news of a potentially more cost-effective Chinese AI model — and began to question the Western world’s gargantuan spending on AI infrastructure.

Read More