2025-01-28
13 分钟Americans love using their credit cards the most secure and hassle free way to pay.
But D.C.
politicians want to change that with the Durbin Marshall credit card bill.
This bill lets corporate megastores pick how your credit card is processed, allowing them to use untested payment networks that jeopardize your data security and rewards.
Corporate megastores will make more money and you pay the price.
Tell Congress to guard your card because Americans lose when politicians choose.
Learn more@guardyourcard.com.
More than $1 trillion have been erased from the US stock market.
Tech stocks dropped after China's Deep Seq released a cheaper AI model.
Plus, is this the correction in AI stocks investors were expecting?
Today is one of the big first pullbacks against that theme that we've seen over the last year or two.
And it has raised in a really big way whether the market has overvalued some of these stocks.
And a top prosecutor has opened a review of the Justice Department's decision to charge hundreds of defendants of the January 6th riots.
It's Monday, January 27th.
I'm Alex Osaleh for the Wall Street Journal.
This is the PM edition of what's news, the top headlines and business stories that move the world today.
An artificial intelligence model from the Chinese company Deepseek has sparked a deep freakout among investors.
Nvidia stock tumbled nearly 17%, wiping out about $593 billion from the company's market cap.
Makers of AI infrastructure such as Oracle Super Microcomputer and TSMC also suffered deep declines that pushed several major U.S.
stock indexes down, though the Dow edged nearly 0.7% higher.