Sputnik

CNBC's Jim Cramer in his latest X post alluded to the Chinese artificial intelligence startup DeepSeek's hype and sneered at the politicization of the development, comparing it to the 1957 Sputnik moment, when the Soviet Union launched the first artificial Earth satellite, triggering a Space Race....

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On this day in 1957, the USSR launched Sputnik I, the first artificial Earth satellite. Where Was The Market: The Dow closed around 496.03 and the S&P 500 traded at 41.24...

The price of a barrel of oil surged higher on Thursday and hit a three-week high following reports that OPEC nations will gather in February to potentially discuss a cut in oil production. According to Reuters, Russia's Energy Minister Alexander Novak said that it is "reasonable"...