Traders work at the New York Stock Exchange on Oct. 1, 2025. NYSE On Wednesday, the U.S. government ground to a halt. Stock markets, however, jumped — one benchmark even hit a record high.Traders in prediction markets are betting the shutdown will last nearly two weeks. Nothing too radical, since that’s the average length it takes for the government to reopen, based on data going back to 1990 from Bank of America.The government stoppage isn’t putting the brakes on the stock market momentum. Are investors getting too adventurous? Well, history shows the pattern is not new. The S&P 500 has…
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HANGZHOU, CHINA – SEPTEMBER 21, 2025 – Viewers watch a new energy vehicle under BYD at an auto show in Hangzhou, Zhejiang Province, China on September 21, 2025. (Photo credit should read CFOTO/Future Publishing via Getty Images)Cfoto | Future Publishing | Getty ImagesChina’s electric-vehicle behemoth BYD posted its first year-on-year decline in deliveries in 2025, even as it entered the peak season for autos, in yet another sign that the market leader is facing a slowdown.BYD delivered 393,060 units in September, marking an almost a 6% decline year over year.That comes after the firm reportedly slashed its sales target for…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailErica Tay, economist at Maybank Investment Banking Group, discusses how “holiday stringing” would impact Chinese domestic and outbound tourism during the Golden Week holiday, and why she’s not overly concerned about unemployment in China being at a 6-month high. Source link
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on October 1, 2025, in New York City.Timothy A. Clary | Afp | Getty ImagesPIMCO President Christian Stracke is upbeat on the asset-based finance segment of the private credit market, but warns of “cracks” in corporate direct lending, which makes up the bulk of the sector.Speaking with CNBC at the annual Milken Asia Summit in Singapore Wednesday, Stracke highlighted the widening gap between the two lending spheres.”There are problems [in corporate private credit] where borrowers are going to their lenders and saying, ‘Can…
Donald Trump Jr. and Zach Wilkoff of World Liberty Financial at Token2049, a prominent crypto conference in Singapore, on Wednesday, Oct. 1, 2025.WachsmanDonald Trump Jr. on Wednesday dismissed criticism that a crypto venture tied to his family had any potential conflicts of interest, as his firm, World Liberty Financial, seeks global investors.Concerns that World Liberty Financial investors may be seeking favor with the Trump administration are “complete nonsense,” Trump Jr. told CNBC on the sidelines of Token2049, a prominent crypto conference in Singapore.”I don’t think anyone actually believes that my father or [Zach’s] father would be looking at ledgers on…
U.S. Immigration and Customs Enforcement officers carry out a raid as part of Operation Cross Check in Sherman, Texas, on June 20, 2019.Charles Reed | U.S. Immigration and Customs Enforcement | ReutersAn Alabama construction worker and U.S. citizen who says he was detained twice by immigration agents within just a few weeks has filed a lawsuit in federal court demanding an end to Trump administration workplace raids targeting industries with large immigrant workforces.The class-action lawsuit, filed Tuesday by concrete worker Leo Garcia Venegas with the public interest law firm Institute for Justice, demands an end to what the firm calls…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty ImagesOpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record $500 billion valuation, according to a person familiar with the transaction.Bloomberg was first to report that the deal had closed.CNBC reported in August that OpenAI was looking to conduct a secondary share sale at a valuation of $500 billion, with investors including Thrive Capital, SoftBank, Dragoneer…
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on October 1, 2025, in New York City.Timothy A. Clary | Afp | Getty ImagesLONDON — European stocks are expected to open higher on Thursday, building on positive momentum in the previous session.The U.K.’s FTSE index is expected to open 0.37% higher, Germany’s DAX up 0.51%, France’s CAC 40 up 36% and Italy’s FTSE MIB up 0.49%, according to data from IG.The positive start for Europe comes after gains for regional indices on Wednesday; the pan-European Stoxx 600 finished trading up 1.2%, with most sectors and…
Co-founder and Chief Science Officer at Hugging Face, Thomas Wolf, speaks at the opening ceremony of the Web Summit, in Lisbon, Portugal, November 11, 2024. Pedro Nunes | ReutersCurrent artificial intelligence models from labs like OpenAI are unlikely to lead to major scientific breakthroughs, a tech co-founder said, pouring cold water on some of the hype around the technology and claims by major figures in the field.The comments by Thomas Wolf, co-founder of $4.5 billion AI startup Hugging Face, are in stake contrast to those by major names in AI including OpenAI boss Sam Altman and Anthropic CEO Dario Amodei.When Wolf…
Police patrol near Christiansborg Palace in Copenhagen, Denmark, September 30, 2025, following recent drone disturbances over Denmark and ahead of meetings of EU heads of state and goverment in Copenhagen on October 1 and October 2. Liselotte Sabroe | Afp | Getty ImagesDefense giants welcomed Europe’s push to establish a drone wall on the region’s eastern flank, saying the flagship policy will help to counter a rapidly increasing security challenge.Dozens of political leaders convened in Copenhagen, Denmark on Wednesday to thrash out how to bolster the European Union’s defenses — and, perhaps most importantly, how to finance and operate these…
