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Tariffs have been a hot-button issue in American economic policy, often stirring up debates among policymakers, economists, and the public alike. As President Donald Trump prepares to impose tariffs on imports from Canada, Mexico, and China, significant economic implications loom on the horizon. Although proponents argue that tariffs can protect American industries, an overwhelming consensus
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In the past week, a singular force emerged from the shadows of obscurity to become the talk of the tech world: China’s DeepSeek. This artificial intelligence model has garnered attention not only for its technological prowess but also for its cost-effectiveness compared to its American counterparts. Major tech leaders, including Microsoft’s Satya Nadella, OpenAI’s Sam
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As 2025 unfolds, the initial public offering (IPO) landscape exhibits mixed signals amidst a flurry of new entries. Over a dozen companies have launched their stocks, yet the market’s response has largely been lukewarm. Nasdaq president Nelson Griggs remains optimistic, suggesting that a resurgence in the IPO market may be on the horizon. “I believe
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In the wake of the COVID-19 pandemic, New York City’s commercial real estate market faced unprecedented challenges as businesses adapted to remote work. However, recent reports indicate a remarkable turnaround, showing that the demand for office space has returned to pre-pandemic levels. A substantial 25% increase in office demand during the fourth quarter from the
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On Friday, Commerzbank surprised analysts and investors alike by releasing its quarterly results, boasting what it termed a “record” annual profit for the year 2024. The bank announced a remarkable 20% increase in net profits, amounting to €2.68 billion ($2.78 billion), significantly exceeding the consensus forecast of $2.47 billion. Such a notable performance not only
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Swiss pharmaceutical leader Novartis recently released its financial figures for the fourth quarter, surpassing expectations in net sales yet falling short of prior annual forecasts. With a robust 16% increase in net sales, translating to $13.2 billion when adjusted for constant currency fluctuations, the company outperformed the $12.795 billion predicted by analysts surveyed in an
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OpenAI is currently engaged in negotiations to secure a staggering $40 billion in a funding round that could elevate its market valuation to approximately $340 billion. These discussions, confirmed by CNBC, signal a significant shift in the landscape of artificial intelligence investments, with the potential to reshape the competitive dynamics within the tech industry. Reports
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