Chinese Low-cost AI Assistant DeepSeek Hits Crypto AI Tokens Hard
Chinese AI startup DeepSeek has launched its AI assistant, and it's not only affecting U.S. stock markets but also crypto-AI tokens that were expected to make a significant rally this year.
Jan 28, 2025 4:01 AM EST
Federal Aid In Limbo: Trump Administration Freezes Loans And Grants
This freeze will affect a wide range of initiatives, including domestic infrastructure projects, energy programs, diversity-related efforts, and foreign aid. However, Social Security and Medicare benefits are exempt from this pause, as are any forms of "assistance provided directly to individuals."
Federal Reserve Set to Maintain Interest Rates Amid Inflationary Concerns
As President Trump unveils his economic plan to rejuvenate the U.S. economy, the Federal Reserve is expected to maintain its current interest rate, balancing efforts to curb inflation with sustaining economic growth.
Bitcoin Falls to $98,852 Amid Tech Selloff and Fed Rate Concerns
Bitcoin drops to an eleven-day low, driven by tech sector selloff, China's AI competition, and Federal Reserve rate expectations.
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Colombia Reverses Stance on Deportation Flights After U.S. Pressure
Colombia reverses deportation flight ban under U.S. pressure, agreeing to accept migrants after Trump threatened tariffs and visa restrictions.
Jan 27, 2025 9:30 AM EST
Global Tech Stocks Decline Amid Emergence of China's DeepSeek AI Application
China's DeepSeek AI app disrupted global markets, challenging U.S. dominance, causing tech stock declines, and sparking renewed concerns over AI competition and international regulations.
Jan 27, 2025 9:22 AM EST
Elon Musk's DOGE Mulls Use Of Blockchain Technology For Government Spending Cuts: Report
Elon Musk-led DOGE is reportedly exploring the use of blockchain technology as part of the presidential unit's mission of dramatically cutting federal spending.
Jan 27, 2025 2:57 AM EST
US Could Own 50% Stake Under Perplexity AI's Revised TikTok Proposal
Perplexity AI's revised proposal suggests the US government acquire up to 50% stake in a new entity merging Perplexity and TikTok's US operations, addressing national security concerns.
Jan 27, 2025 2:55 AM EST
U.S. Freezes Foreign Aid, Exempting Military Assistance to Israel and Egypt
The U.S. has frozen most foreign aid, excluding military assistance to Israel and Egypt, during a 90-day review of aid alignment with strategic goals.
Jan 25, 2025 7:18 AM EST
Wall Street Banks to Offload $3 Billion in X Corp. Acquisition Loans
Wall Street banks plan to sell $3 billion in X Corp. loans tied to Musk's Twitter acquisition, addressing debt concerns.
Jan 25, 2025 6:38 AM EST
Surge in U.S. Arms Exports Amid Global Demand and Geopolitical Tensions
U.S. arms exports hit a record $318.7 billion in 2024, driven by global demand to replenish inventories and address security concerns.
Jan 25, 2025 6:24 AM EST
Etihad Rail's High-Speed Train To Add AED145 Billion To UAE's GDP
Mohammed Al Shehhi, Chief Projects Officer at Etihad Rail, highlighted that the high-speed rail network, linking Abu Dhabi and Dubai, will provide fast and convenient travel while promoting economic and social connectivity.
Jan 24, 2025 6:56 AM EST
Lumbee Tribe Of North Carolina: Who Are They And How Will Trump's Memo Affect Them?
Donald Trump has signed a presidential memo in what he said was the "first big step" toward providing the Lumbee Tribe of North Carolina, the state's largest tribe, with full federal recognition.
Jan 24, 2025 6:53 AM EST
Could Trump Serve Three Terms? Scenarios Unfold Amid Rep. Ogles' Push To Change 22nd Amendment
Andy Ogles' proposed resolution to change 22nd Amendment is unlikely to receive support from Democrats, especially with Donald Trump currently in office.
Jan 24, 2025 3:38 AM EST
Bitcoiners vs $XRP Army: Top Crypto Communities Clash Over Strategic Digital Assets Reserve
Bitcoin maximalists are clashing with the $XRP Army over a crypto executive's claim that Ripple is the "biggest hurdle" toward the establishment of a strategic $BTC reserve – is Bitcoin threatened or is Ripple a pro-CBDC entity?
Jan 24, 2025 3:36 AM EST
China Directs Billions into Stock Market to Revitalize Economy
China mandates state-owned insurers and funds to boost domestic stock investments, injecting billions into markets to stabilize the economy.
Jan 23, 2025 2:36 PM EST
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