Day: October 13, 2025
UBS bets on these European sectors to avoid currency and political uncertainty
While Europe isn’t directly impacted by U.S. President Donald Trump’s latest tariff threats , it could have a knock-on effect on European exports if the dollar continues to weaken. With the euro strong in comparison, Gerry Fowler, who head up UBS ‘ U.S. and European equity and derivative strategy team, expects European exports to feel […]
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Musk calls for federal troops in San Francisco even as Benioff softens stance
Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images As Salesforce welcomes tens of thousands of people to San Francisco for its annual Dreamforce conference, CEO Marc Benioff has found himself in the center of local controversy on […]
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Goldman Sachs agrees to acquire $7 billion VC firm Industry Ventures
David Solomon, chief executive officer of Goldman Sachs Group Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York, US, on Tuesday, Aug. 6, 2024. Jeenah Moon | Bloomberg | Getty Images Goldman Sachs has agreed to acquire Industry Ventures, a venture capital firm with $7 billion in […]
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Trump urges leaders to put ‘old feuds’ aside as he calls for a new era of harmony in the Middle East
US President Donald Trump delivers a statement during a summit on Gaza in Sharm el-Sheikh on Oct. 13, 2025. Evan Vucci | AFP | Getty Images President Donald Trump called for a new era of harmony in the Middle East on Monday during a global summit on Gaza’s future, trying to advance broader peace in […]
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K-shaped cars: New vehicle prices top $50,000 while auto loan delinquencies keep rising
A salesperson (left) shows vehicles to a shopper at a Toyota dealership. Getty Images DETROIT — Look no further than the automotive industry for the latest indication that U.S. consumers could be facing a “K-shaped” economy, where the wealthy keep seeing gains while those who have lower incomes struggle. The average price paid for a […]
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Oracle CEO Magouyrk: ‘Of course’ OpenAI can pay $60 billion per year for cloud infrastructure
Oracle CEO, Clay Magouyrk, sits down with CNBC’s David Faber on Oct. 13, 2025. CNBC Oracle CEO Clay Magouyrk, one of the two people tapped last month to lead the software company, is confident that OpenAI will be able to cover the costs of the massive amount of cloud infrastructure services it consumes. In an […]
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How Broadcom’s big OpenAI deal fits into the data center boom and what it means for the AI trade
Kicking off the week with a bang, OpenAI announced another massive data center buildout partnership. This time with Club name and custom semiconductor industry leader Broadcom. Shares of Broadcom soared as much as 10.7% on Monday after the two companies revealed that they have been working for 18 months on custom-designed chips optimized for inference, […]
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Quantum stocks surge after JPMorgan investing push into strategic tech
Quantum computing background concept. Blackdovfx | E+ | Getty Images The rally in quantum computing names continued on Monday after JPMorgan Chase announced it as one of the areas it would invest in as part of a new initiative. The bank said in a release that it would invest up to $10 billion in companies […]
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Trump to meet Ukraine leader Zelenskyy at White House on Friday
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy during the 80th United Nations General Assembly, in New York City, New York, U.S., Sept. 23, 2025. Alexander Drago | Reuters President Donald Trump is expected to meet Ukrainian President Volodymyr Zelenskyy at the White House this week, NBC News reported Monday. The meeting was […]
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Meta shares have been stuck. Here’s why one analyst just got more optimistic
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks are rebounding Monday, recovering roughly half of Friday’s losses triggered by President Trump’s surprise threat of a massive tariff increase on China. Over the weekend, Trump softened his […]
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