The latest artificial intelligence (AI) models launched by Chinese startup DeepSeek have spurred turmoil in the technology sector following its emergence as a potential rival to leading U.S.-based firms. DeepSeek wrote in a paper last month that it trained its DeepSeek-V3 model with less than $6 million worth of computing power from what it says are

President Donald Trump, inaugurated Monday, didn’t miss a beat in getting right to work. In just five days, he has signed a slew of executive orders related to artificial intelligence; cryptocurrencies; and diversity, equity and inclusion, also known as DEI, and he’s promising a shakeup within the federal workforce.  In this edition of the FOX

Costco shareholders have roundly rejected a proposal calling for a report on the risks associated with keeping its diversity, equity and inclusion (DEI) efforts in place, the wholesale club said Thursday. Preliminary results show that some 98% of shareholders voted against the measure, according to the company. Last month, Costco’s board of directors came out

UnitedHealth Group on Thursday announced the new leader of its insurance division, UnitedHealthcare, after last month’s alleged targeted killing of former CEO Brian Thompson.  Tim Noel, who most recently served as CEO of UnitedHealth Group’s Medicare and retirement business, will step into the top job at UnitedHealthcare after Thompson’s killing. Noel has worked for the

Oracle founder Larry Ellison said the massive artificial intelligence (AI) infrastructure project dubbed Stargate is helping to fuel the development of a cancer vaccine.  President Donald Trump announced this week that Oracle, OpenAI and Softbank joined forces to launch Stargate, which will build data centers in the U.S. to power AI. Ellison, also Oracle’s chief

President Trump was sworn in amid much fanfare and celebration, and then he got right to work Monday. He started with a hiring freeze for federal workers and a regulatory freeze as part of a slew of executive orders, but taming the U.S. fiscal situation may prove more challenging.  “The biggest headwind is probably the

The relationship between Wall Street’s top cop and the U.S. cryptocurrency industry is on the mend following more than four years of friction. On Tuesday, the Securities and Exchange Commission announced it is spearheading efforts to establish a regulatory framework for digital assets with the creation of a new crypto task force. The initiative, which

President-elect Trump took the $3.5 trillion cryptocurrency industry by surprise Friday night, announcing the launch of his own crypto token called $Trump coin. The launch is on its way to becoming one of the most successful in history. In less than 24 hours, $Trump coin rose from just a few cents to around $30, a

President-elect Trump will take office on Monday, and Wall Street and Corporate America are bracing for a big shift from the past four years. Trump has promised to push his pro-growth policies with tax cuts and big moves that will impact industries such as energy and crypto and what he considers a bloated federal workforce.

President-elect Trump doesn’t officially take office for another week, but investment bankers say a boom in Trump-related deal-making is already underway—transactional activity that was stymied by the regulation-heavy Biden administration is poised to explode. This was the conclusion of a panel of investment bankers and private equity executives who discussed the return of corporate deal-making