DeepSeek AI Frenzy Shakes Markets and Fuels U.S.-China Rivalry
The rise of DeepSeek, a Chinese AI startup, has disrupted global stock markets and reignited debates over U.S.-China technological competition. The company’s AI assistant...
China’s Industrial Profits Drop as Commodities Struggle
China’s industrial profits fell 3.3% in 2024, with oil refiners, steelmakers, and coal miners among the worst-performing sectors. Overcapacity and slowing economic growth have...
Brazil Inflation Slows Less Than Expected, Rate Hike Likely
Brazil-Inflation-Slows-Less-Than-Expected-Rate-Hike-Likely
Brazil's annual inflation rate slowed in early January but remained higher than expected, reinforcing the likelihood of another 100 basis point interest rate hike...
Abbott Forecasts 2025 Profit in Line With Estimates
Strong Device Demand Offsets China and Currency Challenges
Abbott Laboratories (ABT) on Wednesday projected its 2025 profit to align with Wall Street estimates, citing strong...
South Africa’s Retail Sales Surge 7.7% in November
What Happened
Retail activity in South Africa continued its strong momentum, rising 7.7% year-over-year in November 2024, according to Statistics South Africa (Stats SA). This...
Apple Faces Downgrades Amid Weak iPhone Sales and AI Struggles
What Happened
Jefferies analyst Edison Lee downgraded Apple (AAPL) to Underperform, reducing the price target by 13% to $200.75, citing weak iPhone sales and lackluster...