Month: October 2025
DOJ seizes $15 billion in bitcoin from massive ‘pig butchering’ scam based in Cambodia
The Department of Justice has seized about $15 billion worth of bitcoin held by a man who oversaw a massive “pig butchering” fraud operation based in Cambodia, prosecutors said Tuesday. The seizure is the largest forfeiture action by the DOJ in history. An indictment charging the alleged pig butcher, Chen Zhi, was unsealed Tuesday in […]
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Boeing delivers 55 planes in September, on track for most in a year since 2018
Boeing 737 Max planes sit at the airport in Renton, Washington. Leslie Josephs | CNBC Boeing delivered 55 aircraft to customers last month, putting it on track for its best year since 2018 as its production stabilizes and its executives eye increased output rates of its 737 Max cash cow airplanes. Forty of the deliveries […]
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Walmart teams up with OpenAI to allow purchases directly in ChatGPT
Serene Lee | SOPA Images | Lightrocket | Getty Images Walmart said Tuesday it has struck a deal with OpenAI to allow shoppers to make faster purchases directly through artificial intelligence chatbot ChatGPT. With the move, the retail giant and largest U.S. grocer is trying to keep up with changes in how consumers discover items to buy. Along […]
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Property Play: Major real estate developers are fast becoming power brokers
Aerial view of the Apple Data Center in Mesa near Phoenix, Arizona, U.S. on August 6, 2017. Picture taken on August 6, 2017. Apple plans to build its second data center in China at Ulanqab City in the Inner Mongolia Autonomous Region. Jim Todd | Reuters A version of this article first appeared in the […]
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French PM suspends Macron’s flagship pension reform in search of support for budget
France’s Prime Minister Sebastien Lecornu addresses general political remarks to members of Parliament, at the French National Assembly, France’s lower house of parliament, in Paris, on October 14, 2025. Thomas Samson | Afp | Getty Images French Prime Minister Sebastien Lecornu on Tuesday suspended a landmark 2023 pension reform until after the 2027 presidential election, […]
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Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending
Key Points JPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that lending standards grew too lax in the past decade-plus. Dimon, the longtime leader of the largest U.S. bank by assets, was speaking about the recent collapse of auto parts firm First Brands and subprime car […]
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Bessent tells the FT that struggling China wants ‘to pull everybody else down with them’
U.S. Treasury Secretary Scott Bessent speaks to the press, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. Violeta Santos Moura | Reuters Treasury Secretary Scott Bessent accused China of trying to weaken the global economy by slapping export controls on resources vital for technology. […]
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J&J to spin off orthopedics business, raises full-year forecast
Johnson & Johnson said on Tuesday it plans to separate its orthopedics business into a standalone company named DePuy Synthes within the next 18 to 24 months, marking its second major spinoff in two years. The health-care conglomerate also raised its 2025 sales forecast after reporting quarterly earnings that topped Wall Street expectations. The company […]
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Stellantis overhauls Jeep Grand Wagoneer lineup under brand turnaround plan
2026 Jeep Grand Wagoneer Jeep DETROIT – Jeep is overhauling its top-end Grand Wagoneer lineup for the 2026 model year under a yearslong turnaround plan for the quintessential American SUV brand. The changes include updating exterior styling, introducing a new forthcoming extended-range powertrain and creating a simplified, less expensive model lineup all under the “Grand […]
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Global bonds rally as fresh trade tensions send investors flocking to safety
Traders work on the floor of the New York Stock Exchange. NYSE Bond yields reflect borrowing costs for the governments who issue them, but can have an effect on mortgage rates, investment returns, the wider economy and personal borrowing. Certain markets have their own domestic issues at play. An uptick in unemployment in the U.K., […]
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