Small-cap stocks, once expected to benefit from President Donald Trump’s policies, entered bear market territory after a steep stock market decline following the administration’s aggressive tariff rollout. The Russell 2000 Index plummeted around 6% on Thursday, marking a 22% loss from its November record close. With the economy softening and high debt interest payments squeezing profits, small caps have seen a sharp reversal from their post-election gains as they struggle to navigate challenging market conditions.
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Telegram announces partnership with Musk’s xAI
Telegram Partners with xAITelegram has partnered with Elon Musk's AI company, xAI, to distribute the AI assistant Grok to its over one billion users and integrate it into its apps. The one-year deal will provide Telegram with $300 million in cash and equity, along with 50% of revenue from xAI subscriptions sold through the platform. This partnership follows criticism of Telegram's moderation policies and Musk's ongoing rivalry with OpenAI, which he co-founded and attempted to...
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