Month: October 2025
Goldman boss David Solomon warns of a stock market drawdown: ‘People won’t feel good’
David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Stock markets are due a “drawdown” in the next year or two after years of being propelled to record highs by an AI frenzy, according to Goldman Sachs CEO David Solomon. “Markets run in cycles, and whenever we’ve historically had a […]
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Property tech ‘winter’ is over, but climate investment is still struggling, says Fifth Wall CEO
Fifth Wall co-founder and CEO Brendan Wallace. Courtesy of Fifth Wall A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign […]
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Foreign investors eye China one again — but capital controls and policy risks keep them on edge
Lujiazui Business Districk in Pudong, Shanghai, China. Liqun Liu | Construction Photography | Hulton Archive | Getty Images SINGAPORE — As China seeks to entice back foreign capital amid dwindling inbound investment, global investors eyeing opportunities in the country remain wary of more fundamental constraints: Beijing’s iron grip on capital flows and lack of policy […]
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U.S. model upgrades are pushing AI startups to move fast – it’s unclear if Europe can keep up
Founded in 2022, ElevenLabs is an AI voice generation startup based in London. It competes with the likes of Speechmatics and Hume AI. Sopa Images | Lightrocket | Getty Images Artificial intelligence companies are the hottest ticket items in today’s startup ecosystem but the pace of change is dominated by developments at OpenAI and Anthropic. […]
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Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say
Key Points OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned. OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash. By allowing OnePay users to hold bitcoin and ether in their mobile app, customers could […]
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Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs
Taylor Swift performs onstage during The Eras Tour at Wembley Stadium on June 21, 2024, in London. Kevin Mazur | Getty Images On Friday, 24-year-old Tayra McDaniels will scamper down the stairs of her East Village apartment building and pick up four preordered vinyl editions of Taylor Swift’s new album, “The Life of a Showgirl” […]
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Massive fire breaks out at Chevron oil refinery in California
An aerial view of Chevron crews attempting to extinguish a large fire and explosion that occurred at Chevron Refinery in El Segundo Thursday, Oct. 2, 2025. Allen J. Schaben | Los Angeles Times | Getty Images A huge fire broke out on Thursday night at a Chevron oil refinery in California, one of the largest […]
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The AI trade could rapidly unravel – and one hedge fund is preparing for the fallout
The AI boom is turbo-charging technology stocks, pushing the S & P 500 , the Nasdaq and Dow Jones to fresh record highs. But Karim Moussalem, chief investment officer of equities at Selwood Asset Management, sees “enormous risks” on the horizon for the AI trade which could rapidly unravel — and he is positioning his […]
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Putin warns of ‘new stage of escalation’ if U.S. supplies long-range missiles to Ukraine
Russian President Vladimir Putin speaks during an annual plenary session of the Valdai Discussion Club, on October 2, 2025 in Sochi, Russia. Contributor | Getty Images News | Getty Images Russian President Vladimir Putin warned the potential supply of long-range missiles to Ukraine would mark a “completely new stage of escalation” between Washington and Moscow. […]
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CNBC Daily Open: U.S. stock indexes charge ahead with three record closes
The “Charging Bull” statue at Bowling Green in New York’s Financial District. Drew Angerer | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate not meeting yesterday because of Yom Kippur, the U.S. government stayed shut […]
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