Top Financial News provided by CBS Marketwatch©
- Why OpenAI’s Sam Altman says an IPO isn’t in the cards this yearConcerns about AI safety have ramped up, and OpenAI’s CEO says now would be an ‘ill-advised’ time for the ChatGPT creator to go public
- Elon Musk backs Anthropic’s call to slow down AI progress before rogue bots take over the entire internetLeaders of major AI companies say they agree with Anthropic CEO Dario Amodei, who just called for the tech industry to move more slowly with model development.
- ‘I still don’t have my MRI’: My health insurer canceled my plan without warning. Is that legal?“It wasn’t an ACA plan, but it was meaningfully cheaper than anything I could find on the ACA exchange.”
- ‘I’m the executor’: My two siblings and I inherited an IRA. Can we just cash it out?“Am I required to create three new inherited IRAs so that the firm can divide it equally?”
- My 87-year-old mother wants to pay for my brother’s kids’ education. I don’t have children. How is that fair?“Over the years, my mother and I have supplemented his income.”
- I want to pay for every customer at my late husband’s favorite restaurant on his birthday. Could this backfire?“I’m concerned that my card issuers might freeze or flag the cards when they suddenly see an extraordinary number of transactions.”
- The Fed could raise interest rates three times. Here’s where the market could face the stiffest test.Economists note that the Fed historically has not been content to raise rates only once.
- This investment is safe from both Trump and the Democrats — and it pays 4.7%There’s a safe haven hiding in plain sight.
- Marvell is sitting on an incredibly ‘sticky’ business that could help it unlock a $30 billion opportunityMarvell is best known for making custom chips — but an analyst notes there’s arguably more potential in supporting components and optical networking.
- Tesla could transform the trucking business — and capitalize on high diesel pricesThe EV maker aims to finally kick its long-awaited Semi truck into high gear — unlocking a potentially huge opportunity, according to Morgan Stanley.
Concerns about AI safety have ramped up, and OpenAI’s CEO says now would be an ‘ill-advised’ time for the ChatGPT creator to go public
Leaders of major AI companies say they agree with Anthropic CEO Dario Amodei, who just called for the tech industry to move more slowly with model development.
“It wasn’t an ACA plan, but it was meaningfully cheaper than anything I could find on the ACA exchange.”
“Am I required to create three new inherited IRAs so that the firm can divide it equally?”
“Over the years, my mother and I have supplemented his income.”
“I’m concerned that my card issuers might freeze or flag the cards when they suddenly see an extraordinary number of transactions.”
Economists note that the Fed historically has not been content to raise rates only once.
There’s a safe haven hiding in plain sight.
Marvell is best known for making custom chips — but an analyst notes there’s arguably more potential in supporting components and optical networking.
The EV maker aims to finally kick its long-awaited Semi truck into high gear — unlocking a potentially huge opportunity, according to Morgan Stanley.
Wall Street Journal Market News©
- Stocks Sink in Broad AI Rout Sparked by China's DeepSeekU.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
- Comex Gold, Silver Settle LowerGold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
- DeepSeek Won't Sink U.S. AI TitansPanic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.
- Financial Services Roundup: Market TalkGain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.
- Arabica Coffee Prices Hit Record on U.S., Colombia Tariff SpatArabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.
- Swiss franc, Japanese yen Rise as DeepSeek News Boosts Safe HavensThe Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.
- Natural Gas Falls on Shifting Weather ForecastsU.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.
- Building-Products Distributor QXO Launches Hostile Bid for BeaconQXO is taking its offer directly to shareholders after being rebuffed on several occasions.
- Natural-Gas Firm Diversified Energy Strikes Deal for Permian Basin PlayerMaverick Natural Resources has operations in Texas and Oklahoma.
- What's New This Tax Season That Can Save You MoneyThere are some new wrinkles, especially for those who sell things online or bought an EV.
- Chinese Investors With Few Options Turn to DividendsCompanies with good payouts are now the hottest bet in China markets.
- U.S. Treasury Yields Fall But Direction for Long-End Yields Still Seen UpwardThe 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.
- Russia's Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman SaysOil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
- The Extra Reward for Owning Stocks Over Bonds Has DisappearedThere is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.
- Heard on the Street's Stock-Picking SeriesCheck out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.
- What Will It Take for Home Buyers to Start Asking for a Disaster Discount?The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.
- Now Wanted in Silicon Valley: Ho-Hum Businesses With Thin Profit MarginsVenture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.
- In China, a Cat-and-Mouse Game to Rein In CryptoRecent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.
- One House, Three Owners: The Ballooning Cost of the American DreamThe story of home affordability in the U.S. told from a single front porch.
- Trump Adds Fuel to Claims That Big Banks Discriminate Against ConservativesThe president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.
U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.
Gain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.
Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.
The Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.
U.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.
QXO is taking its offer directly to shareholders after being rebuffed on several occasions.
Maverick Natural Resources has operations in Texas and Oklahoma.
There are some new wrinkles, especially for those who sell things online or bought an EV.
Companies with good payouts are now the hottest bet in China markets.
The 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.
Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.
Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.
The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.
Venture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.
Recent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.
The story of home affordability in the U.S. told from a single front porch.
The president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.
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