Aspen Technology Stock Hits All-Time High as Emerson Buys Remaining Shares
Emerson Electric said it will buy all the remaining shares of Aspen Technology it doesn't already own for about $7.2 billion in an all-cash deal.
China's DeepSeek sparks AI market rout
Startup DeepSeek has rolled out a free assistant it says uses lower-cost chips and less data, seemingly challenging a widespread bet in financial markets that AI will drive demand along a supply chain from chipmakers to data centres. Chip maker ASML down 8.9%, and Siemens Energy, which provides electric hardware for AI infrastructure, slid around 20%. - Japan's Nikkei shed nearly 1%, weighed on by heavyweight tech names.
Staples, Healthcare Stocks Rise as Tech Shares Start Week In Retreat
Stocks started the week lower, pulled downward by investors' worries about the health of the AI trade. Under the hood of the S&P 500, though, there was still green to be seen.
Travala, Crypto-Native Travel Website, Said to Receive Unsolicited Takeover Approach
Discussions are at an early stage and the Binance-backed travel platform may decide to remain independent, people close to the matter said.
The Fed will likely stand pat after flurry of rate cuts. After that? It's anybody's guess.
The Fed will likely pause its rate cuts this week. After that, uncertainty over Trump's tariff, immigration plans make forecasting rates a dice roll.
Nasdaq drops 3% as China's AI push rattles Big Tech
The S&P 500 and the Nasdaq hit over one-week lows on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model knocked shares of chipmaker Nvidia and other companies benefiting from investments into the technology. Chinese startup DeepSeek has rolled out a free assistant it says uses cheaper chips and less data, seemingly challenging a widespread bet in financial markets that AI will drive demand along a supply chain from chipmakers to data centers. Nvidia, whose chips are the top choice for powering AI applications, dropped 11.7%, while a gauge of semiconductor stocks dropped 6.5%.
Bitcoin, Ether, Solana, Mantra, and more: Cryptocurrencies to watch this week
Bitcoin significantly boosted last week as President Donald Trump returned to the White House. Despite some market turbulence, overall sentiment among crypto enthusiasts remains largely bullish. As investors closely monitor political developments and their potential effects on digital assets, the performance of the crypto market is important to watch this week. Let’s take a look:
MicroStrategy Buys More Bitcoin While Adding Capital Raising Tools
(Bloomberg) -- MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Leadership Over WildfiresBudapest Mayor Aims to Block Orban’s Plans to Build ‘Min
The Nasdaq sinks more than 500 points as a China AI threat sparks a huge tech stock sell-off
The tech-heavy Nasdaq slipped 2.8% Monday morning as a perceived threat from Chinese artificial intelligence startup DeepSeek prompted a global sell-off of tech stocks.
DeepSeek's 'Sputnik moment' sparks rout in AI-linked stocks
LONDON/SINGAPORE (Reuters) -Investors hammered technology stocks on Monday, sending the likes of Nvidia and Oracle plummeting, as the emergence of a low-cost Chinese artificial intelligence model cast doubts on dominance of U.S. companies in this sector. Tech-heavy Nasdaq slid 3.1%, while the S&P 500 dropped 1.8%. Dominant AI chipmaker Nvidia slumped 11% in early trading, leading losses among heavyweight tech stocks that had powered Wall Street's main indexes to record levels.