DeepSeek Outpaces ChatGPT, Global Markets React Sharply On January 27, DeepSeek, a low-cost Chinese AI platform, surpassed ChatGPT on Apple’s App Store downloads, triggering a market sell-off. The rise in…
Tag: Economics
S&P CoreLogic Case-Shiller Index Reports 3.8% Annual Gain in November 2024
Month-over-Month Trends Month-over-month, home prices saw slight declines on a non-seasonally adjusted basis. The U.S. National Index fell 0.1%, mirroring a similar drop in the 20-City Composite, while the 10-City…
CB Consumer Confidence Drops To 104.1; SP500 Tests The 6050 Level
The report showed that views of current labor market conditions fell for the first time since September….Read More
Durable Goods Orders Fall 2.2% in December, Miss Market Forecasts
Core Orders Miss Expectations Core durable goods, which exclude volatile transportation items, were forecast to rise by 0.4%, but actual growth came in at a muted 0.3%. Similarly, total durable…