Month: October 2025
Tesla reports 497,000 vehicle deliveries for Q3, up 7%
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Tesla reported quarterly vehicle deliveries of 497,099 for the period ended Sept. 30, which coincided with the expiration of a key tax credit for buyers of electric vehicles in the U.S. Here are the key […]
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Russia’s economy is creaking — and the Kremlin wants Russians to pay more for the war
Russian President Vladimir Putin during a meeting on development of ‘new regions’, annexed from Ukraine, at the Kremlin, June 30, 2025, in Moscow, Russia. Contributor | Getty Images Russia is set to hike taxes on businesses and consumers as the government looks for ways to support military spending while its war-focused economy creaks at the […]
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Stocks making the biggest moves premarket: Occidental Petroleum, Lithium Americas, Fair Isaac & more
Check out the companies making the biggest moves premarket: Occidental Petroleum , Berkshire Hathaway — Occidental gained around 1% after Berkshire Hathaway announced it was buying the oil company’s petrochemical division, OxyChem, for nearly $10 billion in cash . Class B shares of Berkshire Hathaway slipped about 0.2%. Fair Isaac — The stock rallied 19% […]
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Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown
Treasury Secretary Scott Bessent told CNBC’s on Thursday that U.S. economic growth could be hurt by the government shutdown. “This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Bessent said during a “Squawk Box” interview. “We could see a hit to the GDP, a hit to growth and […]
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Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040
Young cheerful lady enjoying on poolside. Resting in spa hotel in pine forest in summertime. Swimming pool in tourist resort. Joyful woman on vacations, female wellbeing. Oleg Breslavtsev | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor […]
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Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash. The deal marks Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany. […]
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Tokenization of real world assets is an unstoppable ‘freight train’ coming to major markets: Robinhood CEO
Vlad Tenev, chief executive officer of Robinhood Markets Inc., during the Token2049 conference in Singapore, on Thursday, Oct. 2, 2025. Bloomberg | Bloomberg | Getty Images The tokenization of real-world assets, from stocks to real estate, will spread to financial markets around the world, according to Robinhood Markets Chief Executive Officer Vlad Tenev. “Tokenization is […]
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Corporate borrowers face funding trade-off as PIMCO flags debt market ‘cracks’
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 Images PIMCO President Christian Stracke is upbeat on the asset-based finance segment of the private credit market, but warns of “cracks” in corporate […]
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BYD monthly sales tumble for the first time in 2025, reinforcing slowdown concerns
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 Images China’s electric-vehicle behemoth BYD posted its first year-on-year decline in deliveries […]
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Expect an ‘extraordinary’ jump in Chinese tourism this Golden Week: Economist
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Erica 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
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