Analysts and industry participants said on Tuesday that President Donald Trump’s promised tariffs on US copper and aluminium imports would lead to higher costs for American consumers, according to a Reuters report. This is due to domestic production not meeting demand and the time it would take to revitalize the…
JBS S.A., the Brazilian meatpacking giant, is expanding its horizons with the acquisition of a 48.5% stake in Mantiqueira Alimentos, Brazil’s leading egg producer. This move, disclosed in a recent securities filing, values Mantiqueira at approximately 1.9 billion reais ($321 million), according to Reuters. The deal marks a significant step…
Akero Therapeutics Inc (NASDAQ: AKRO) says its candidate treatment for a serious liver disease demonstrated exceptional safety and efficacy in a Phase 2b study. A 50-milligram dose of efruxifermin resulted in the reversal of cirrhosis in 39% of the patients while none of them experienced any further worsening of MASH,…
India has experienced a remarkable rally in its stock markets since the end of the pandemic, with the country’s total market capitalization surpassing the $5 trillion milestone in May last year. The BSE Sensex, India’s benchmark index, hit an all-time high of ₹85,978.84 on September 27 last year. However, it…
Early Monday trading saw sharp declines across the US stock market, triggered by the unexpected rise of a Chinese AI app, DeepSeek. Over the weekend, DeepSeek soared to the top of Apple’s app chart, sending shockwaves through industries tied to artificial intelligence. Developed at a fraction of the cost of…
DeepSeek – a China-based startup wreaked havoc on the US-listed stocks today following reports that its latest AI model beats ChatGPT in performance but costs significantly less. Global artificial intelligence beneficiaries, including Nvidia, Broadcom, Arm Holdings, and even TSMC are taking a significant hit at writing. However, the DeepSeek…
DeepSeek, the Chinese artificial intelligence startup, has been hit by “large-scale malicious attacks”. To mitigate the impact, it has temporarily restricted new user registrations. However, those who already have an account on the platform can log in as usual, according to the company. The large-scale attacks on DeepSeek arrived only…
Investors are often cautioned against investing in stocks ahead of their earnings. But there are a few of them that have massive room for growth and are trading at such attractive valuations that it may be reasonable to load up on them ahead of their quarterly financial results, according to…
Bitcoin has clawed its way back to well over $100,000 following a brief decline in tandem with the US tech stocks triggered due to the launch of DeepSeek’s new AI model. The resilience of the world’s largest cryptocurrency made crypto bull Geoffrey Kendrick reiterate his $200,000 price target on BTC…
US President Donald Trump has announced a $500 billion artificial intelligence initiative dubbed Stargate in collaboration with Oracle, SoftBank, and OpenAI. While the joint venture will enable Nvidia to retain its leadership position in the AI market, a number of other chip stocks could benefit as the aforementioned project comes…