Day: October 29, 2025
Asia-Pacific markets set for mixed open after Fed casts doubt on another rate cut in December
A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set for a mixed open Thursday, after U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut in December was far from a “foregone […]
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Trump’s rare earth deals target China’s dominance — here’s why change won’t come soon
Chen Kerong, director of production at Neo Material Technologies Inc.’s Magnequench Tianjin Co. factory, opens a barrel of annealed neodymium iron boron magnets prior to being crushed into powder in Tianjin, China. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump’s push to secure rare earth supply deals across Asia will ultimately weaken China’s […]
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Fund managers reveal their bubble recipes and what to watch for as AI stocks soar
AI is tipped to transform the economy and eventually evolve into a $4.8 trillion market, but the question on everyone’s lips right now is: is the market in a bubble? Everyone from tech CEOs to asset managers and central bankers is worried the promise of AI could quickly turn sour if it doesn’t live up […]
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Meta CEO Mark Zuckerberg defends AI spending: ‘We’re seeing the returns’
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg is sounding a familiar tune when it comes to artificial intelligence: better to invest too much than too little. […]
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Google expects ‘significant increase’ in capital expenditure in 2026, execs say
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images Google parent Alphabet is planning a “significant increase” in spend next year as it continues to invest in AI infrastructure to meet the demand […]
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ServiceNow CEO denies AI companies are threatening enterprise software: ‘They don’t do what we do’
ServiceNow CEO Bill McDermott pushed back against the idea that artificial intelligence technology will make enterprise software redundant in a Wednesday interview with CNBC’s Jim Cramer. “We realize the world needs access to the great hyperscalers, and so we integrated with all three of them. So that’s a cooperative,” McDermott said. “The world’s going to […]
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YouTube offers voluntary buyouts as company reorganizes around AI
A Youtube podcast microphone is seen at the Variety Podcasting Brunch Presented By YouTube at Austin Proper Hotel in Austin, Texas, on March 8, 2025. Mat Hayward | Variety | Getty Images YouTube is offering voluntary buyouts with severance for U.S.-based employees as it restructures its product organization to focus more on artificial intelligence. The […]
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Here are the five key takeaways from the Fed meeting and Powell news conference
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, D.C., U.S., Oct. 29, 2025. Kevin Lamarque | Reuters The Federal Reserve meeting that wrapped up Wednesday both delivered on expectations and offered a few surprises. Here are five key takeaways: […]
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Coffee delivery is now a $1 billion business for Starbucks
Close-up of a Starbucks branded paper bag on a picnic table outdoors in a park, Walnut Creek, California, May 19, 2024. Smith Collection/gado | Archive Photos | Getty Images Coffee delivery has turned into a $1 billion business for Starbucks. The coffee giant said on Wednesday that its annual delivery sales crossed the milestone in […]
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Microsoft takes $3.1 billion hit from OpenAI investment
Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty Images Microsoft took a $3.1 billion hit to its net income in the first quarter […]
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