The FinTech Hub
Source: Live Mint Stocks of Indian pharma companies supplying antiretroviral (ARV) medicines used to treat HIV to African countries tumbled on Monday after a US government order halted all foreign aid funding, including its AIDS relief program. On January 25, the US State Department put into action an executive order from President Donald Trump halting…
Source: Live Mint Stock Market News Today Live Updates: In an ever-evolving financial world, staying informed about stock market trends is crucial. Our Stock Market News provides real-time updates, insightful analysis, and in-depth coverage of the global financial landscape. From major index movements and corporate earnings to economic indicators and geopolitical events, we deliver the…
Source: Live Mint DeepSeek’s AI model surpasses ChatGPT downloads on Apple’s app store Leveraged ETFs with Nvidia exposure experience significant losses and volatility Market adjusts to AI competition, impacting institutional and retail investors Investors had been sellers of leveraged Nvidia ETFs prior to Monday Jan 27 (Reuters) – Prices of exchange-traded funds with outsize exposure…
Source: Live Mint The continuing slide of the Indian markets on Monday saw dollar returns of foreign investors all but wiped out since the general election results day low of 4 June. Benchmarks NSE Nifty and BSE Sensex, buffeted by sustained foreign investor selling amid a US tech rout, fell more than 1% each on…
Source: Live Mint DeepSeek R1, the China’s AI model which offers performance on par with OpenAI, is now available on the US search engine startup Perplexity AI and it will support deep web research. “DeepSeek R1 is now available on Perplexity to support deep web research. There’s a new Pro Search reasoning mode selector, along…
Source: Live Mint Yen and Swiss franc jump as investors seek safety Tech selloff pushes U.S. stocks lower Central bank policy meetings and economic data in focus (Updates headline, first graph and prices throughout, adds fresh analyst quote) By Chibuike Oguh and Stefano Rebaudo NEW YORK, Jan 27 (Reuters) – The Japanese yen and the…
Source: Live Mint In a remarkable turn of events, DeepSeek, a Chinese startup founded just over a year ago, has risen to the number one spot on the App Store, outpacing OpenAI’s ChatGPT, expressed Salesforce CEO Marc Benioff taking to X to share his thoughts. “DeepSeek is now #1 on the AppStore, surpassing ChatGPT—no NVIDIA…
Source: Live Mint Inflows to ESG funds smallest since 2018 Investors pull $19.6 bln from US sustainable funds In Europe, 351 fund closures outpace 235 launches LONDON, – Money flowing into global sustainable funds shrank by half in 2024 and in Europe closures of such funds outpaced new launches, as anti-ESG sentiment and subpar returns…
Source: Live Mint U.S. stocks dropped sharply on Monday, led by technology shares, as surging interest in Chinese startup DeepSeek’s low-cost artificial intelligence model raised doubts over the sector’s lofty valuations. The Dow Jones Industrial Average fell 0.27%, to 44,305, the S&P 500 lost 1.72% to 5,996 and the Nasdaq Composite fell around 3% to…
Source: Live Mint (Bloomberg) — Foreign investors are selling Chile’s local government debt, pushing their holdings to the lowest in seven years amid poor liquidity and low interest rates. Non-resident holdings of bonds issued in the local market fell to $6.6 billion at the end of 2024, from about $10 billion three years earlier, reaching…
