World

Bitcoin tumbles below $98,000 in risk-off move as Nasdaq stocks are crushed

A bitcoin is on a screen showing the bitcoin-U.S. dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images Cryptocurrencies tumbled to begin the final week of January, with the market in a cooling period after running to a new record and pulled lower by the DeepSeek-driven sell-off in tech stocks. The price of bitcoin fell 5% to $98,432.54, …

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Nvidia falls 14% in premarket trading as China’s DeepSeek triggers global tech sell-off

U.S. technology firms plunged in premarket trading, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America’s lead in the sector, triggering a global sell-off. Shares of chip designer Nvidia, a huge beneficiary of the AI hype, were down 13.60% at 05:52 a.m. ET ahead of the market open. Netherlands-based chip companies ASML and ASM International tumbled 10.32% …

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Ryanair cuts passenger traffic goal again on Boeing delays

Passengers wait to board an aircraft of low cost Irish airline Ryanair at the Berlin-Brandenburg airport in Schoenefeld near Berlin, Germany, on March 13, 2024. John Macdougall | Afp | Getty Images Budget airline Ryanair on Monday reported stronger-than-expected after-tax profit for the December quarter, but once more cut its passenger traffic goal for the fiscal year to the end …

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David Beckham shares ‘simple values’ parents taught him

David Beckham sits down with CNBC’s Tania Bryer at the World Economic Forum 2025. David Beckham opened up about the “simple values” his parents taught him that he passed on to his children, in a conversation with CNBC host Tania Bryer at the World Economic Forum in Davos, Switzerland. The former soccer star attended the WEF for the first time …

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Japan chip stocks fall as DeepSeek’s challenge to U.S. AI dominance raises worries for Asian tech firms

Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Tomohiro Ohsumi | Bloomberg | Getty Images Japan’s chip-related stocks fell Monday as Chinese AI startup DeepSeek raises concerns about a potential challenge to America’s global leadership in artificial intelligence that threatens Asian tech companies part of the U.S. AI …

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China PMI surprises as factory activity contracts in January; December industrial profits jump

Workers produce garments for export to overseas markets at Sihong Guoshun Garment Co., Ltd. in Weiying town, Sihong County, Suqian city, East China’s Jiangsu province, on January 23, 2025.. Costfoto | Nurphoto | Getty Images China’s factory activity in January unexpectedly contracted, reversing the expansionary momentum in the past three months, partly due to a slow season ahead of the …

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