Investors are anticipating that the Federal Reserve will leave interest rates unchanged at the conclusion of its first meeting of the year; U.S. stock futures are little changed following a market rebound yesterday following Monday's tech selloff;
Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.
The tech-heavy Nasdaq composite closed down nearly 3% on Monday, with shares of AI-focused chipmaker Nvidia plunging 17% and shaving nearly $590 billion from the company’s market cap.
The semiconductor company's share price was down 7% as of 3:45 p.m. ET amid the backdrop of a 1.8% decline for the S&P 500 (SNPINDEX: ^GSPC) and a 3.5% decline for the Nasdaq Composite (NASDAQINDEX: ^IXIC).
Key Fed decision: The central bank’s expected decision today is the first following Trump’s return to office, which has been marked by a flurry of executive orders as the US president seeks to impose his agenda on Washington.
XRP (CRYPTO: XRP) is falling in Monday's trading. XRP and other cryptocurrencies are seeing sell-offs in today's trading due to a combination of bearish catalysts. In addition to concerns about a new artificial intelligence (AI) model launched by a Chinese company,
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U.S. chip stocks were a mixed bunch with several joining Nvidia in the red. Cirrus Logic was down 2.2% while ARM Holdings' U.S. shares fell 2.1% and Broadcom lost 1.8%. On the other side of the fence Coherent Corp was up 3.6% and Advanced Micro Devices rose 2.6%. ASML's U.S. shares were last up 4.4%.
OpenAI is strengthening ties with the U.S. government through a partnership with national laboratories in a bid to harness artificial intelligence to drive
Dealbreaker on MSN1d
Opening Bell: 1.30.25
Trump throws a Fed-fed temper tantrum; SoftBank bets big on OpenAI; Michael Dell’s merchant bank bets big on OpenAI’s banker; Dan Loeb wants to fire Soho House’s manager; and more!
Asian shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in Septe
The relative calm in the markets may not survive upheaval in the A.I. sector and a deluge of disruptive Trump policies, our columnist says.