Month: January 2025

Despite calls from President Trump for immediate rate cuts, the Federal Reserve is poised to maintain current interest rates, leaving consumers struggling with persistent high borrowing costs.

Nvidia fell 14% premarket as China’s DeepSeek launched a cost-efficient AI model, shaking global markets and raising concerns over U.S. dominance in AI infrastructure.

Trump’s 25% tariff on Colombian imports, escalating to 50%, targets coffee, oil, and flowers, driving up U.S. consumer prices while straining trade relations amid immigration disputes.

Novo Nordisk’s amycretin shows up to 22% weight loss in trials, boosting its stock by 6.87% as the drug exhibits safety and potential as a next-gen obesity treatment.

The US housing market faces weak demand as 7% mortgage rates return, home sales decline, and first-time buyers struggle with affordability challenges and record-high prices.

Severe Storm Éowyn wreaks havoc in the UK and Ireland, causing power outages, widespread travel disruptions, and dangerous winds of up to 113 mph. Authorities issue rare red weather warnings.

EU relocates its informal defence summit from Limont Castle to Egmont Palace in Brussels, citing security concerns, as leaders prepare to discuss Europe’s growing role in defence policy.

Amazon announced the closure of seven Quebec warehouses, eliminating 1,700 jobs, amid allegations the move is linked to recent unionization efforts at a Montreal-area facility.

Maintaining a healthy waist size and regular exercise reduces cancer risks by 15%, according to a groundbreaking study involving 315,000 people, highlighting the need for a holistic lifestyle approach.

Former US President Donald Trump announces a $500B AI initiative with OpenAI, Softbank, and Oracle, launching the Stargate project to maintain US dominance in technology.