The Chinese artificial intelligence app DeepSeek quickly became the number one app in app stores the day it was released to the public. It works similarly to the popular ChatGPT app. The biggest difference is that it was created at a fraction of the cost.
ABC News reports it cost $5.6 million dollars to build DeepSeek.
XRP (XRP -3.69%) and Bitcoin (BTC -0.06%) are both heavyweight cryptocurrencies that are practically guaranteed to be around for the long haul. But that doesn’t mean they’re of equal value to investors looking for a fairly conservative long-term hold.
» Read more about: Better Cryptocurrency to Buy Now and Hold Forever: XRP vs. Bitcoin »
Credit is the lifeline of any economy, and a service that enables people to borrow money at competitive interest rates with minimal paperwork offers a compelling business model.
This idea inspired three entrepreneurs with strong technology and finance expertise to launch a startup that allows individuals to secure loans against their mutual funds (MF) through the digital platform.
» Read more about: This fintech startup enables loan against mutual fund in just 30 minutes »
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Under the leadership of Federal Reserve Chair Jay Powell, the United States’ central bank has repeatedly failed its objective to promote a strong American economy with stable prices and maximum employment that provide financial opportunity for American families.
Sen. Mike Lee, R-Utah, floated former GOP Rep. Ron Paul for Federal Reserve chairman and billionaire Elon Musk, who is leading the Department of Government Efficiency called the idea “amazing.”
Musk initially wrote on X that it would be a “good idea” if DOGE allowed Paul to run a “Federal Reserve audit team.”
Benchmark stock market indices tumbled in early trade on Monday as the rupee fell to a record low against the US dollar. Decline in metal and energy stocks also weighed on the market.
The S&P BSE Sensex was down by 394.07 points to 77,466.12, while the NSE Niftt50 fell by 130.10 points to 23,429.85 as of 9:40 AM.
» Read more about: Sensex, Nifty tumble as rupee hits record low; metal, energy stocks drag »
If you plan to diversify your portfolio in light of recent events, investing in gold stocks could be a good choice. Gold stocks not only track the movements of gold prices that tend to rise in uncertain times, but they also generally gain value in a rising stock market.
Gold stocks could serve as a hedge to stocks you hold from other economic sectors.
New Delhi [India], February 10 (ANI): The Reserve Bank of India (RBI) may cut interest rates further by 50 basis points (bps) in 2025 and shift its stance from “neutral” to “accommodative,” according to a report by Bank of Baroda.
The report suggested that the central bank has entered a rate-cut cycle,
Dividend payers such as NextEra Energy (NYSE: NEE) can be powerful wealth builders. They’re attractive for a bunch of reasons.
The federal minimum wage in the U.S. remains stagnant at $7.25 an hour, unchanged since 2009. While some states have raised it independently, millions of Americans continue to struggle with making ends meet, even when working full-time jobs.
Back in 2016, shortly after Donald Trump’s first presidential victory, Warren Buffett spoke with CNN about income inequality,
» Read more about: Why Warren Buffett’s 2016 call for fair pay still matters in 2025 »