Month: October 2025
Citi backs stablecoin firm BVNK as Wall Street warms to crypto
BVNK co-founders (L to R) Donald Jackson, Jesse Hemson-Struthers and Chris Harmes, at the company’s San Francisco Office. BVNK Citi has invested in stablecoin infrastructure company BVNK, the startup told CNBC on Thursday, as big U.S. banks ramp up their presence in the cryptocurrency and digital asset space. Stablecoins are a type of digital asset […]
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Will Takaichi’s ‘Abenomics’ weaken the yen and raise the ire of Trump?
The late Shinzo Abe (L) and Sanae Takaichi (R) at a science and technology innovation conference in Tokyo on October 22, 2014. Toshifumi Kitamura | Afp | Getty Images For years, U.S. President Donald Trump has accused Japan of engaging in “unfair trade practices” — a criticism that dates back to his days as a […]
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Hang Seng Bank shares jump 30% on parent HSBC’s privatization bid, valuing it at over $37 billion
Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters Hang Seng Bank shares jumped 29.5% Thursday after parent HSBC announced plans to take it private, valuing the lender at more than 290 billion Hong Kong dollars (over $37 billion). HSBC, Europe’s largest lender, […]
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SoftBank shares soar 13% after it agrees to buy ABB robotics unit for $5.4 billion
Shares of SoftBank jumped as much as 13% Thursday, hours after the Japanese giant announced a deal to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, further advancing SoftBank’s AI footprint. The deal, which is subject to regulatory approval globally, means ABB will no longer look to spin off its robotics business as […]
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CNBC Daily Open: The Fed spoke, but AI roared
AI stocks such as Nvidia are now masters of the market narrative, driving record highs across the S&P 500 and Nasdaq. Source
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Israel, Hamas agree to first phase of Gaza peace plan, allowing release of hostages
US President Donald Trump speaks during a roundtable about “Antifa,” an anti-fascist movement he designated a domestic “terrorist organization” in the State Dining Room of the White House in Washington, DC, on Oct. 8, 2025. Jim Watson | AFP | Getty Images U.S. President Donald Trump announced Wednesday night stateside that Israel and Hamas had […]
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Israel, Hamas reach agreement on ‘first phase’ of plan to stop fighting, release hostages and prisoners, Trump says
U.S. President Donald Trump gestures as he reads a note handed to him by U.S. Secretary of State Marco Rubio he said was regarding Middle East peace talks during a roundtable discussion in the State Dining Room of the White House on Oct. 8, 2025 in Washington, DC. Anna Moneymaker | Getty Images Israel and […]
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Trump says deal to end Gaza war is ‘very close’
U.S. Secretary of State Marco Rubio updates U.S. President Donald Trump on the Gaza proposal during a roundtable on “Antifa,” an anti-fascist movement Trump designated a domestic “terrorist organization” via executive order on September 22, at the White House in Washington, D.C., U.S., Oct. 8, 2025. Evelyn Hockstein | Reuters U.S. President Donald Trump said […]
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S&P 500 futures are little changed after benchmark rises to all-time high: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures are near flat on Wednesday night after the benchmark index rose to all-time highs. Futures tied to the broad index traded around its flatline, as did Nasdaq 100 futures. Dow Jones Industrial Average futures rose 17 points, also sitting near […]
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Trump says he may go to Egypt soon for Gaza deal
U.S. President Donald Trump, with U.S. Attorney General Pam Bondi, and U.S. Homeland Security Secretary Kristi Noem, participates in a roundtable on “Antifa,” an anti-fascist movement he designated a domestic “terrorist organization” via executive order on September 22, at the White House in Washington, D.C., Oct. 8, 2025. Evelyn Hockstein | Reuters President Donald Trump […]
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