2 'Big Short' traders say they're staying out of AI and looking for deals in another corner of the market
"We sit here and we're scouring the globe, and everyone's losing brain cells around AI," Porter Collins of "The Big Short" fame said.
Meta earnings live updates: Wall Street watching for AI monetization, reaction to DeepSeek mania
Meta's earnings call is today at 5 pm ET. META stock heads into the report up 15% YTD. Analysts are focused on AI monetization efforts and DeepSeek.
The Fed holds interest rates steady in its first decision of the year
Amid pressure from President Donald Trump to keep lowering interest rates, the Federal Reserve held steady.
Lawmakers in El Salvador rush new bitcoin reform after IMF deal
El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary. The Congress is dominated by lawmakers from Bukele's New Ideas Party. In 2021, El Salvador became the first country to make the cryptocurrency legal tender alongside the U.S. dollar, which it adopted two decades earlier.
Fed rate actions in 2025 seen in a narrow band, Goldman Sachs CEO says
NEW YORK (Reuters) -The Federal Reserve's future moves on interest rates in 2025 will be in a narrow range unless the trajectory of inflation changes, Goldman Sachs CEO David Solomon said in comments posted on the firm's website on Wednesday. "Unless we get some policy action that really changes the trajectory of inflation, I think we'll be in a narrow band with the policy rate," Solomon said on the firm's podcast.
Why Goldman Sachs says the DeepSeek plunge doesn't point to the start of a big stock market correction
"In our view this is a correction and not the start of a sustained bear market," Goldman Sachs said. DeepSeek sparked a $1 trillion market rout on Monday.
Meta posts sharply higher Q4 profit, revenue, topping Wall Street's expectations
Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties, sending its shares up in after-hours trading even as it forecast increasing expenses on its artificial intelligence efforts. CEO Mark Zuckerberg said he expects 2025 to “be the year when a highly intelligent and personalized AI assistant reaches more than 1 billion people, and I expect Meta AI to be that leading AI assistant.” “We continue to make good progress on AI, glasses, and the future of social media,” Zuckerberg said in a statement.
Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged
Caution prevails as the Fed keeps interest rates unchanged and Nvidia sinks again, weighing on tech stocks.
Trump deepens his push into crypto with Schwab fintech partnership
A week after Trump sparked a meme coin frenzy, the president's social media company announced Truth.Fi, offering financial services for "American patriots."
Why DeepSeek is great news for Microsoft and software stocks
DeepSeek’s success initially rattled investors’ assumptions about the AI spending wave that has swept through Silicon Valley in recent years.