timef 01/30/2025

DeepSeek-R1, developed by a Chinese AI lab, is potentially highly competitive and shockingly cost-effective, and could be a boon to the Indian IT sector.

Microsoft shares dropped 5% despite topping fiscal second-quarter estimates due to weak guidance.

Broadband customer growth has lagged in recent quarters as competition from wireless providers has ramped up.

An Army helicopter on a training flight collided with an American Airlines regional jet that was on approach into Washington D.C.'s Reagan National Airport.

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

GDP was expected to grow at a seasonally adjusted 2.5% annualized pace in the fourth quarter of 2025.

Comcast topped Wall Street's fourth-quarter estimates on Thursday as revenue from the company's broadband business gave it a boost despite losing customers. 

DeepSeek claims its R1 outperforms OpenAI's latest o1 model despite costing a fraction of the price the U.S. AI lab charges for its large language models.

Economists polled by Reuters had expected growth of 0.1% over the period, following a larger-than-expected 0.4% expansion in the third quarter.

The German economy shrank by 0.2% in the fourth quarter of 2024, according to preliminary data released by Germany's statistics office Destatis on Thursday.

H&M on Thursday reported a slightly better-than-expected uptick in operating profit, although sales missed forecasts in the fourth quarter.

British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.

France's beleaguered economy was given a boost by the Olympics Games in Paris last summer but political upheaval has ensued since then.

Legal provisions weighed on the bottom line at Germany's largest lender Deutsche Bank, with net profit falling in the fourth quarter.

An American Airlines regional jet collided with a helicopter near Ronald Reagan Washington National Airport.

SoftBank is in talks to invest up to $25 billion in OpenAI, which would make it the company's biggest backer, CNBC has confirmed.

Meta CEO Mark Zuckerberg said China-based DeepSeek has created a powerful artificial intelligence model, but it won't likely curb Meta's AI spending.

Tesla's finance chief said on Wednesday that the company's profitability could take a hit if the new presidential administration implements tariffs. 

This is the coalition government's first full-year budget after its assuming power in June.

Australia is slated to release its data on its exports and imports for the fourth quarter later in the day.

"It was great at first, because I was just enjoying being in the moment. But at some point ... it just felt like Groundhog Day," says 33-year-old Jake Kassan.

In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.

President Donald Trump during the 2024 election was harshly critical of former President Joe Biden's handling of illegal border crossings.

Amazon laid off more than 27,000 in 2022 and 2023 and has continued making smaller cuts.

Anthropic CEO Dario Amodei said in a blog post on Wednesday that while China's DeepSeek aren't "adversaries," the U.S. must implement control exports.

The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy.

The OMB memo had directed federal agencies to pause grants and loans pending a review of compliance withe the agenda of President Donald Trump.

"While we're in the risk business ... we're confident in our ability to continue growing operating earnings and EPS at a double-digit rate," the CEO said.

Meta is slated to report fourth-quarter earnings on Wednesday after the close of regular trading.

Analysts will likely ask Microsoft executives about capital spending plans given the efficiency of recent artificial intelligence models from China.

Tesla's fourth-quarter earnings report comes after a dramatic rally in the company's stock price tied to the election of President Donald Trump.

Robert F. Kennedy, Trump's controversial pick to lead Health and Human Services, testifies before a Senate panel that is crucial to advance his nomination.

Philip Morris is investing more than $800 million to expand production in the U.S. as Zyn's popularity soars.