S&P 500 posts winning week, but Friday rally fizzles: Live updates
October 4, 2025
Wall Street headed for solid weekly gains even with a U.S. government shutdown dragging on.
International
Government shutdown: Senate funding measures fail again as deadlock continues
October 4, 2025
The Trump administration, which was already working to shrink the size of government, said the shutdown could lead to layoffs of thousands of federal workers.
Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs
October 4, 2025
Vinyl records, CDs and cassettes escape U.S. tariffs thanks to a Cold War-era exemption, keeping prices stable for fans.
Bitcoin rallies to within 1% of all-time high, gaining safe haven status during shutdown
October 4, 2025
Bitcoin is trading within striking distance of its record price as the U.S. government shutdown enters its third day.
European stocks end positive after touching fresh record high
October 4, 2025
European stocks closed higher on Friday, building on momentum that has seen regional indexes hit new record highs this week.
Tesla had blowout quarter for sales of new cars. Why the EV stock fell sharply anyway
October 3, 2025
Wall Street analysts flagged looming headwinds ranging from the end of U.S. electric vehicle tax credits to continued profit margin pressures.
Berkshire Hathaway votes to separate chairman and CEO roles, paving way for Abel to succeed Buffett at year-end
October 3, 2025
In a new regulatory filing, Berkshire said its board of directors voted on Sept. 30 to amend its bylaws to distinguish the two top roles, effective immediately.
Goldman boss David Solomon warns of a stock market drawdown: ‘People won’t feel good’
October 3, 2025
The Goldman Sachs CEO said AI presented opportunities but that some investors were overlooking "things you should be skeptical about."
Foreign investors eye China once again — but capital controls and policy risks keep them on edge
October 3, 2025
Foreign investors remain wary of Beijing's iron grip on capital flows as China seeks to lure foreign capital to return amid dwindling inbound investment.
Massive fire breaks out at Chevron oil refinery in California
October 3, 2025
Emergency services are actively responding to a fire at Chevron’s El Segundo plant in California.
Jeff Bezos says AI is in an industrial bubble but society will get ‘gigantic’ benefits from the tech
October 3, 2025
Amazon founder Jeff Bezos said that artificial intelligence is showing signs of being in an "industrial bubble."
Drone victims, terror and death: 30 minutes inside a Gaza hospital
October 3, 2025
UN aid teams on Friday highlighted the disturbing situation in Gaza’s makeshift hospitals, where premature babies cry for scant oxygen and medics attempt to save child survivors targeted by airstrikes in their tents and quadcopter victims reportedly sh...
Ukraine: ‘This war needs to end,’ Türk tells UN Human Rights Council
October 3, 2025
UN human rights chief Volker Türk warned on Friday that the war in Ukraine “has entered an even more dangerous and deadly stage for civilians, under relentless bombardment of their schools, hospitals, and shelters.”
With Colombia at a turning point, the UN calls for peace gains to be consolidated
October 3, 2025
In his first briefing to the UN Security Council on Friday as the newly designated Special Representative for Colombia, Miroslav Jenča reaffirmed the organization’s strong commitment to supporting the country’s nine-year-old peace process.
U.S. model upgrades are pushing AI startups to move fast – it’s unclear if Europe can keep up
October 3, 2025
Frequent updates of AI models like ChatGPT and Claude are pushing companies built on top of them to iterate faster or risk falling behind.
Hitachi shares soar over 10% on partnership with OpenAI
October 3, 2025
Japanese conglomerate Hitachi rose over 8% after it announced a partnership with OpenAI.
Retail rush in private markets is alarming institutional investors: ‘Bigger issues down the road’
October 3, 2025
For decades, private markets were the preserve of pension funds, endowments and sovereign wealth giants. However, that exclusivity is fading.
The AI trade could rapidly unravel – and one hedge fund is preparing for the fallout
October 3, 2025
London hedge fund Selwood is eyeing energy plays amid a risk of AI "speculative mania."
Putin warns of ‘new stage of escalation’ if U.S. supplies long-range missiles to Ukraine
October 3, 2025
Russian President Vladimir Putin said the prospect of the U.S. supplying long-range missiles to Ukraine would not change the situation on the battlefield.
CNBC Daily Open: U.S. stock indexes charge ahead with three record closes
October 3, 2025
Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday.
Mega AI deals enable exits for private equity — but fuel ‘frothy’ bubble fears
October 3, 2025
Private companies are being valued at up to 100 times their revenue, one senior private equity executive warned, signalling "frothy" valuations.
Singapore’s F1 race boosts tourism to the island — and other parts of Asia-Pacific
October 3, 2025
Singapore’s 2025 Grand Prix is driving tourism to other parts of Asia, as long-haul attendees tack on trips to places like Japan, Thailand and Indonesia.
EA’s $55 billion deal delivers a win for investors, but raises uncertainty for gamers
October 3, 2025
For years, gamers have criticized EA's lack of innovation and aggressive monetization tactics.
Silicon Valley’s new defense tech ‘neoprimes’ are pulling billions in funding to challenge legacy giants
October 3, 2025
Venture-backed firms like Anduril and SpaceX are emerging as “neoprimes,” reshaping the U.S. defense industry once dominated by giants such as Lockheed Martin and Boeing.
Why private investors are pouring billions into Europe’s defense tech sector
October 3, 2025
Venture capital investment in European deep tech defense, security and resilience startups has grown from $159 million in 2014 to $5.2 billion in 2024 – a 32-fold increase in just a decade, according to the NATO Innovation Fund. So, why are investors b...
Russia’s economy is creaking — and the Kremlin wants Russians to pay more for the war
October 2, 2025
The Kremlin's commitment to the Ukraine war was in focus this week after the finance ministry released its 2026 draft budget.
Taiwan rejects U.S. proposal for ’50-50′ chip production, says trade talks focused on tariffs
October 2, 2025
Vice Premier Cheng Li-chiun said the arrangement was "not discussed," as she returned from trade talks in the U.S., according to Taiwan's Central News Agency.
Guterres condemns deadly terror attack targeting Manchester synagogue
October 2, 2025
Thursday’s terrorist attack on a synagogue in Manchester, which left at least two worshippers dead on the holiest day in the Jewish calendar, has been strongly condemned by the UN Secretary-General.
Philippines earthquake: UN pledges support as Cebu death toll rises to 72
October 2, 2025
Hospitals are overwhelmed and families are sheltering in the open after a deadly 6.9 magnitude earthquake tore through northern Cebu in the Philippines, killing at least 70 people and displacing more than 20,000, according to local authorities and huma...
Sudan: UN rights chief calls for urgent action to protect civilians in El Fasher
October 2, 2025
UN human rights chief Volker Türk on Thursday warned that civilians in Sudan’s El Fasher face the imminent risk of large-scale atrocities, as fighting intensifies around the regional capital of North Darfur, besieged for more than 500 days by the Rapid...
Increasing violence and funding cuts imperil millions across Haiti
October 2, 2025
Rising violence by gangs in Haiti’s capital is restricting humanitarian access and pushing families deeper into hunger, the UN World Food Programme (WFP) warned on Thursday.
Gaza health system overwhelmed as WHO reports 42,000 people have life-changing injuries
October 2, 2025
Nearly 42,000 people in Gaza are living with life-changing injuries from the ongoing conflict – including more than 10,000 children – as the health system collapses under relentless strain, the World Health Organization (WHO) warned on Thursday.
The Syria prison survivor seeking justice for the missing
October 2, 2025
When the gates of Syria’s notorious Sednaya prison opened soon after the fall of the Assad regime last December, graffiti scrawled on the walls offered a frightening glimpse into what was widely known as the “human slaughterhouse”. “First day, severe b...
Forget Trump’s tariffs — here’s what is separating pharma’s winners and losers
October 2, 2025
Drugmakers rally after Pfizer agreement as Most Favored Nation plans still loom over sector.
Corporate borrowers face funding trade-off as PIMCO flags debt market ‘cracks’
October 2, 2025
The president of bond giant PIMCO highlighted direct lending pressures as borrowers seek out payment-in-kind agreements.
‘We stand ready’: Defense giants welcome Europe’s push to build a drone wall to repel Russia
October 2, 2025
A series of airspace violations allegedly involving Russian jets or drones have been reported in recent weeks.
Gen Z favorite toymaker Jellycat doubles annual profit in adult-fueled toy craze
October 1, 2025
"Everyone seems to be loving them: from children to kidults and Gen Z," Jellycat said about its toys in its 2024 financial report.
World News in Brief: ‘Trust crisis’ impacts vaccine rollouts, Cyberspace must ‘serve the common good’, Türk calls for lasting truce in Lebanon
October 1, 2025
Immunisation experts at the UN World Health Organization (WHO) have warned that global protection against preventable diseases is under threat, in part because of an “information and trust crisis” regarding vaccines.