(Bloomberg) -- OpenAI’s ChatGPT is leading a major surge in spending on artificial intelligence apps and services on smartphones.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingThe seminal chatbot has grossed $529 milli
India’s IPO Boom Is Defying the Stock Market’s Historical Slump
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingIndia’s newest st
Australia’s Cooling Inflation Opens Door to RBA Rate Cuts
(Bloomberg) -- Australia’s core inflation eased by more than expected in the final three months of 2024, opening the door to an interest-rate cut as soon as next month and sending the currency lower.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Gugg
Is Now the Time to Buy Bonds? Watch the White House, Not the Fed.
Benchmark Treasury yields have been climbing toward 5%, despite the central bank’s recent rate cutting.
Apple Stock Avoided the DeepSeek Selloff—Watch These Key Price Levels
Apple shares avoided the big tech selloff and is set to report earnings later this week. Here are the key chart levels to monitor.
Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street's darling
The superstar run for Nvidia’s stock the last few years has been astonishing. Mostly known only in gaming and crypto circles a few years ago, Nvidia burst into the zeitgeist after seeing its sales surge because customers wanted its chips to train their chatbots and other artificial intelligence products. Nvidia became a household name as its stock more than tripled in 2023 and then more than doubled in 2024.
Fed to Hold Rates Steady and Brace for Trump
(Bloomberg) -- Federal Reserve officials are expected to leave interest rates steady this week, giving themselves more time to lower inflation and to assess how President Donald Trump’s policies will affect the economy.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists
Wall Street defiant after brutal tech selloff. ‘Market reaction is overdone’
Analysts say U.S. tech stocks will rebound because DeepSeek’s success will spur more investment into AI.
Point72’s Cohen says Trump’s policies could halt markets' rise this year
Point72 Asset Management's founder Steven Cohen said on Tuesday that he would expect the stock market to reach a peak soon amid inflation pressure and uncertainties around U.S. President Donald Trump's policies on tariffs and immigration. Trump has threatened to impose a universal tariff on foreign-imported goods and others aimed at specific sectors or countries, while on the immigration front he has launched a sweeping border crackdown. Such measures would "actually slow growth, not increase growth in 2025" and make it more difficult for the Federal Reserve to tackle inflation, Cohen said at the investment conference iConnection, in Miami.
Why DeepSeek's AI Model Has Wall Street Bullish on Software Stocks
Chinese startup DeepSeek’s super-efficient open-source AI model may have sunk some of Wall Street’s favorite AI stocks on Monday, but it may have also crowned some new favorites.