Thu, 30th Jan 2025
from Finance News Wrap Hosted by Paige Estritori
In this week's finance news, the launch of DeepSeek's free open-source AI model caused significant drops in global tech stocks. Notably, Nasdaq, S&P futures, and Nvidia shares fell considerably. In currency markets, the US dollar weakened and Bitcoin plunged below $100,000 due to tariff threats on Colombia. Upcoming monetary policy decisions from the US Federal Reserve and European Central Bank are in focus for next week. In Australia, property markets are fluctuating with Sydney and Melbourne facing declines in dwelling values, while Brisbane enters a potential buyers' market. Amid decreases in household expenditure due to phased out tax cuts, calls for comprehensive tax reform are growing. Australians may need to adopt strategic fiscal planning and tight spending habits. Financial Services Online offers personal and business finance solutions to aid in these financially challenging times. Visit their website for additional information.n
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