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NVIDIA Corporation, a global leader in AI and chip technology, experienced a historic stock decline on Monday, marking its largest trading day loss. The unprecedented drop highlights vulnerabilities in the tech and chip sectors, especially amid the rapid AI market growth. DeepSeek, a groundbreaking Chinese chatbot, challenges established AI giants like NVIDIA, prompting investors to reconsider the competitive landscape. NVIDIA’s market capitalization plummeted by 17% in a day,...
As Greater China and its diaspora across Asia and the West transition from the Year of the Dragon to the Year of the Snake on January 28, there are significant economic and financial considerations to examine. The Year of the Snake, also known as the “little dragon,” symbolizes transformation and vitality, attributes that carry weight in economic forecasting. This year’s Snake is associated with the element of green...
The trajectory hinges on whether it can sustain its dominance or if the US Dollar will reclaim its supremacy. Since Donald Trump’s presidency, the Euro has shown a slight upward trend, rising from 1.02 to 1.05 against the US Dollar. However, this raises a critical question for global markets: will the Euro continue to hold its position, or will the US Dollar regain its position as the world’s...
The European Union member states have reached a consensus on extending the existing sanctions against Russia, as announced by EU foreign affairs chief Kaja Kallas. These sanctions include trade restrictions and asset freezes, aimed at financially impacting Russia due to its ongoing war against Ukraine. The agreement was finalized just days before the current sanctions were set to expire on Friday, January 31. The sanctions, which involve freezing...
The American penny is once again facing scrutiny. DOGE, an organization spearheaded by Elon Musk to reduce government expenditures, argues that the penny is too costly to produce. The copper-colored coin costs more to manufacture than its actual worth. According to DOGE’s statement on X, it costs taxpayers three cents to produce a one-cent coin, based on 2023 prices. A year later, the production cost increased to 3.69...
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