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DeepSeek R1 was launched in the world markets, it took the entire AI industry by storm and created a major ruckus in the US stock market. Due to the stiff challenge posed by DeepSeek R1, US investors have now begun questioning the overall profitability of AI, and the wrath is now being suffered by Nvidia, OpenAI, Meta, Amazo, and other related AI stocks in recent trading.

avian flu outbreak and rising inflation, egg prices have surged across several cities in the US, placing significant pressure on restaurants and bakeries, many of which are struggling with shrinking profit margins.

Subscribe to enjoy similar stories. Nvidia’s market value surged because of explosive demand for AI chips and services, but the company’s shares fell sharply in a chip-sector selloff on Monday. Necessity might be the mother of all invention, but sparking the mother of all selloffs seemed like a stretch.

HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the U.K. and the U.S. amid a broader overhaul of its investment banking operations.

Subscribe to enjoy similar stories. India’s seemingly high income tax rates are softer than that of several advanced economies, allowing for a better quality of life across income groups, data show. Indian taxpayers, particularly those in the highest 30% tax bracket, have been crying hoarse that the country’s tax rates are among the highest in the world.

Donald Trump plans to impose tariffs on imported computer chips, pharmaceuticals and steel, he said on Monday, to push companies to manufacture more in the United States.

Subscribe to enjoy similar stories. Laws are almost always designed to be broad, aimed at addressing a range of different issues. However, governments sometimes deviate from that approach, enacting targeted legislation aimed at narrow outcomes.

Subscribe to enjoy similar stories. Every month, Mint’s Plain Facts section provides an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it could affect India.Monetary policy shifts Several central banks will announce their monetary policy decisions in the coming weeks.

Subscribe to enjoy similar stories. The market benchmark indices – Nifty50 and BSE Sensex – have each corrected about 13% from their highs last September. Weak corporate earnings, concerns of a US-led tariff war and continued selling by foreign portfolio investors (FPIs) have all contributed to weakness in the market.

Subscribe to enjoy similar stories. The oldest living things matter to the world in ways nobody understood a few decades ago. A slew of scientific discoveries shows why we should protect not just 1,000-year-old trees but also 200-year-old whales, 400-year-old fish and 10,000-year-old sea sponges.

DeepSeek unveiled a game changing AI model and the company's low-cost and high-performing technology sent shockwaves through Wall Street, erasing $1 trillion from the Nasdaq’s market value.

Subscribe to enjoy similar stories. The artificial intelligence (AI) treadmill is moving at a very rapid pace, disrupting even established tech companies in its wake. The latest example is that of DeepSeek AI, a Chinese AI startup that has rattled US tech stocks and global stock markets, even tanking the value of AI posterboy Nvidia Corp.

Bill Gates has criticized fellow billionaire Elon Musk for his involvement in the politics of other countries, including Germany and the U.K.

TikTok for fears of national security and data being leaked to Beijing. This led to a mass migration to another Chinese app, RedNote. Over the weekend, another Chinese company DeepSeek is making waves in the US, with a big data problem.

Volvo Car AB a threat to US national security? Washington appears to think it might be, and the consequences could be profound for Chinese majority-owner Zhejiang Geely Holding Group Co., as well as car buyers everywhere.

ChatGPT rival had been building for days.

Seth R Freeman of GlassRatner Advisory & Capital Group, says yesterday showed some reaction to serious worries about Trump's tariff plans. It's still not clear which tariffs will be put in place immediately. He isn't starting them with China just yet. Instead, he is using the threat of tariffs to pressure Colombia into taking back Colombian migrants. There were issues with copper prices. Many commodities shipped to the US are moved around the globe first. Therefore, there is significant concern about the tariffs Did you download DeepSeek? Did you explore it? What does it mean for you? Were you able to get something which is better than ChatGTP? Seth R Freeman: Well, I was a little too busy today, but it is amazing how it is roiling the markets. Last night, my wife and I were visiting a friend who lives in Mountain View and it struck me, listening to your conversation today. In downtown Mountain View, the street is basically closed off to traffic like a mall with many restaurants and bars. Even on a Sunday evening, it was just packed with tech workers, many of whom for sure have been working on AI projects all day long.

Nvidia said DeepSeek and its large language models (LLMs) are an «excellent advancement» in artificial intelligence (AI) space, even as the rise of the China startup wiped nearly $600 billion in market capitalisation for the company.

«Actually, the growth rates are far better in the midcap and the smallcap. So, the India story is really happening in the midcap and smallcap. Just that the enthusiasm for these companies went up dramatically,» says Rajesh Bhatia, CIO, ITI MF. Why are markets falling the way they are falling? The mid and smallcap stocks are getting smoked. I mean, everyone says that look the correction was overdue. But if that was the case, then why is everybody feeling so remorse and so painful? I mean, if everybody knew this was coming, then why there is so much of agony and pain in the world? Rajesh Bhatia: So, it always happens that way. No risk in the market comes all of a sudden. People are always aware that the risk is building up. But the market then, it climbs a wall slowly, but when it comes down, it takes like the escalator route and that is really what is happening. It is nothing unique. Even in 2008, we knew that there was a real estate bubble that is building in the United States. People were shorting real estate in 2005, 2006. When did the market actually correct? In 2008. People knew that COVID was an issue in December of 2019. It was called COVID-19 if you remember. When did the markets fall? March of 2020. So, no risk comes very suddenly.

SpiceJet is set to re-induct its ungrounded Boeing 737 MAX aircraft into operations starting January 25. The fleet was grounded for several months and the development marks a milestone in the airline’s fleet restoration and operational enhancement efforts.