Short sellers of AI-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China’s DeepSeek spooked Wall Street.
Read More Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
Tag: Wall Street
S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025
Stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week.
Read More S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025
US weekly jobless claims fall to 11-month low as labor market remains stable
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
Read More US weekly jobless claims fall to 11-month low as labor market remains stable
Luigi Mangione Brought On Harvey Weinstein’s Prison Consultant Craig Rothfeld
Luigi Mangione, the 26-year-old man suspected of the point blank murder of UnitedHealthcare CEO Brian Thompson, has brought on the same New York prison consultant as disgraced producer Harvey Weinstein.
Read More Luigi Mangione Brought On Harvey Weinstein’s Prison Consultant Craig Rothfeld
Wall St rises in first trading session of 2025; Tesla slides
Wall Street’s main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts.
Read More Wall St rises in first trading session of 2025; Tesla slides
US core capital goods orders rebound as economy eyes strong end to 2024
New orders for key U.S.-manufactured capital goods surged in November, offering more signs that the economy is on solid footing as the year ends.
Read More US core capital goods orders rebound as economy eyes strong end to 2024