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Trump Proposes Closing Department of Education via Executive Action

                                     In a bold move, U.S. President Donald Trump has announced his intention to dismantle the Department of Education through executive action. Trump, who has long criticized the federal government's role in education, believes that states should have more control over their schools. During a press conference in the Oval Office, Trump stated, "We spend more per pupil than any other country in the world, and we’re ranked at the bottom of the list. What I want to do is let the states run schools." Despite acknowledging that an executive order would face significant challenges, Trump expressed his preference for working with Congress and teachers' unions to achieve this goal. The proposed dismantling of the Department of Education has sparked a debate about the future of federal involvement in education. Critics argue that eliminating the depart...
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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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