Global stocks are mixed as Trump's tariff comments stir uncertainty, impacting Asian markets. European stocks edge higher, buoyed by AI investment news, while U.S. markets show cautious optimism.
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Sterling faded to USD1.2459 early Monday, from USD1.2490 at the time of the London equities close on Friday. The euro fell to USD1.0462 from USD1.0510. Against the yen, the dollar perked up to JPY156.10 from JPY155.70.
A small group of seven companies, including Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla, have become so dominant that they alone contributed to more than half of the S&P 500’s
Global shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy. Shares rose in early Tuesday trading in Germany and Britain while falling in France.
World shares are mostly lower after U.S. stocks edged back from their all-time high, with many regional markets closed for lunar new year holidays. Shanghai's benchmark shed early gains after
Chinese AI app not working properly amid huge interest in ChatGPT competitor - DeepSeek says its AI model is similar to US giants like OpenAI, despite fears of censorship around issues sensitive to Be
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London's FTSE 100 opened slightly higher on Tuesday, keeping its poise despite a sell-off of a host of US tech names at the start of the week. The likes of Nvidia, which slumped 17% overnight, were hurt by the emergence of Chinese competition in the artificial intelligence space.
The same tech companies that have benefitted from the AI frenzy in the past year were getting pummeled before markets even officially opened on Monday.
Nvidia and other U.S. tech stocks are steadying a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it