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Carney Urges Calm as Trump Escalates Tariff Dispute with Canada

                                                      Canada Prime Minister Mark Carney Canadian Prime Minister Mark Carney sought to reassure Canadians after U.S. President Donald Trump announced a 10% hike on tariffs targeting Canadian imports. The move, triggered by a controversial Ontario government advertisement aired during the World Series, has reignited trade tensions between Ottawa and Washington. Carney, speaking while on a trip to Asia, emphasized that Canada “will not be bullied” and highlighted his government’s strategy to diversify trade partnerships, particularly with Asian markets.He underscored that Ottawa remains open to dialogue with Washington but will continue to protect Canadian workers and industries. The tariff escalation comes at a sensitive moment, as both countries had been negotiating to ease earlie...
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Nasdaq Plummets as Nvidia Sinks 17% Amid AI Market Turmoil

                                              

The stock market experienced significant turbulence today, with the Nasdaq Composite Index plunging by 3.07%. This sharp decline was primarily driven by Nvidia's stock, which saw a staggering 17% drop. The sell-off was triggered by growing concerns over the impact of China's DeepSeek AI model on the profitability of leading AI companies.

DeepSeek's AI model, which reportedly uses cheaper chips and less data while delivering comparable performance to top models, has caused investors to reassess their bets on AI-driven growth. This has led to a widespread sell-off in tech stocks, with companies like ASML, Broadcom, and Micron Technology also experiencing significant losses.

In contrast, the  Dow Jones Industrial Average managed to stage a modest comeback, buoyed by increased demand for defensive stocks. Investors flocked to safer assets, such as Johnson & Johnson, United Healthcare, and Procter & Gamble, helping the index to recover some of its earlier losses.

The market's reaction underscores the growing uncertainty surrounding the future of AI investments and the potential disruption posed by innovative and cost-effective alternatives like DeepSeek. As the tech sector grapples with these challenges, investors are closely watching upcoming earnings reports from major companies like Apple, Tesla, Meta, and Microsoft for further insights into the industry's outlook.





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