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US tech stocks tanked on concerns over DeepSeek's latest R1 release, considered stiff competition for OpenAI's ChatGPT, Google Gemini, Claude and others. According to some reports, DeepSeek has overtaken ChatGPT and others as the top-rated free app on the Apple Store in the US, UK and China.
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The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trumps treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesnt jeopardize growth.
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Bird flu is forcing farmers to slaughter millions of chickens a month, pushing U.S. egg prices to more than double their cost in the summer of 2023. And it appears there may be no relief in sight, given the the surge in demand as Easter approaches.
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