Month: October 2025
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 […]
Read More
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
Read More
Trump Jr. dismisses crypto conflicts of interest, says dad’s not checking blockchain ledgers
Donald Trump Jr. and Zach Wilkoff of World Liberty Financial at Token2049, a prominent crypto conference in Singapore, on Wednesday, Oct. 1, 2025. Wachsman Donald 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 […]
Read More
CNBC Daily Open: Bleak news from U.S. doesn’t seem that bad for stocks
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 […]
Read More
OpenAI wraps $6.6 billion share sale at $500 billion valuation
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 Images OpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record […]
Read More
‘We stand ready’: Defense giants welcome Europe’s push to build a drone wall to repel Russia
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 Images Defense giants welcomed Europe’s push to establish a drone wall on the […]
Read More
Why current AI models won’t make scientific breakthroughs, according to a top tech exec
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 | Reuters Current 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 […]
Read More
Taiwan rejects U.S. proposal of ’50-50′ chip production, says trade talks focused on tariffs
Taiwan Semiconductor Manufacturing Company, Limited at Hsinchu Science Park. Annabelle Chih | Getty Images News | Getty Images Taiwan will not accept Washington’s proposal to locally manufacture half the chips it currently supplies to the U.S., the island’s top trade negotiator said. Speaking to reporters, Cheng Li-chiun, also the country’s vice premier, said on Wednesday […]
Read More
South Korea’s Kospi hits record high as Samsung and SK Hynix soar on OpenAI partnership
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s Kospi index jumped more than 3% Thursday to hit an all-time high, lifted by gains in heavyweight Samsung Electronics and SK Hynix. Shares in Samsung Electronics and SK Hynix, which announced a partnership with OpenAI late Wednesday to supply memory chips, rose over […]
Read More
CNBC Daily Open: Unpleasant news from the U.S. appears to be making investors cheery
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 […]
Read More