Browsing: Business

H&M shares dropped after missing Q4 sales estimates, though profit improved. CEO Daniel Ervér remains optimistic, citing early signs of recovery in the new fiscal year.

Nvidia fell 14% premarket as China’s DeepSeek launched a cost-efficient AI model, shaking global markets and raising concerns over U.S. dominance in AI infrastructure.

Japan raised its interest rate to 0.5%, the highest since 2008, citing inflation and wage growth, signaling a shift in the Bank of Japan’s long-standing monetary policy stance.

Former US President Donald Trump announces a $500B AI initiative with OpenAI, Softbank, and Oracle, launching the Stargate project to maintain US dominance in technology.

The OPEC Fund has committed $30M to co-finance Africa’s largest onshore wind power project in Egypt’s Gulf of Suez, expected to power 1M homes and cut emissions by 2.5M tons annually.

Federal Reserve minutes show cautious interest rate cuts amid inflation risks linked to President-elect Trump’s proposed trade, immigration, and economic policies.

Nvidia stock dipped 6.2% after CES, but analysts emphasize the company’s AI leadership, highlighting advancements like the Blackwell AI processor and its partnerships in autonomous driving.

U.S. Treasury yields rose Wednesday as investors awaited labor data and Fed minutes, focusing on interest rate outlook amid economic strength and inflation expectations.

Oil prices fell 1% amid weak economic data from the US and Germany, reversing recent gains driven by a weaker dollar and surging winter demand in the US.

U.S. stocks rallied Monday, with the Dow up 351 points and Nasdaq gaining 1.8% as chipmakers surged following Foxconn’s record revenue. Investors await economic data and Fed guidance.