Day: November 4, 2025
UK’s Reeves to address speculation over tax rises in surprise speech
Chancellor of the Exchequer Rachel Reeves speaks on stage during the Labour Party conference on Sept. 29, 2025, in Liverpool, England. Ian Forsyth | Getty Images U.K. Chancellor Rachel Reeves is expected to give a clearer indication that tax rises are coming in her Autumn Budget later this month when she gives a speech this […]
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Nintendo hikes Switch 2 sales forecast to 19 million units as flagship console momentum grows
TOPSHOT – A Super Mario character is pictured at a Nintendo display ahead of the launch of the company’s Switch 2 console, an electronics store in the city of Nagoya, Aichi prefecture on June 2, 2025. Richard A. Brooks | Afp | Getty Images Nintendo raised its forecast for sales of the Switch 2 console […]
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HSBC, General Atlantic CEOs flag AI capex-revenue mismatch, ‘irrational exuberance’
HONG KONG, CHINA – 2025/03/01: In this photo illustration, Artificial intelligence (AI) apps of perplexity, DeepSeek and ChatGPT are seen on a smartphone screen. Sopa Images | Lightrocket | Getty Images As companies pour billions into artificial intelligence, HSBC CEO Georges Elhedery on Tuesday warned of a mismatch between investments and revenues. Speaking at the […]
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AI is not in a bubble, says VC founder. Why he says it’s different to the dotcom boom
Whether or not markets are getting ahead of themselves over artificial intelligence is a hot topic for investors right now. Last week, billionaire investor Ray Dalio said his personal “bubble indicator” was relatively high, while Federal Reserve Chair Jerome Powell described the AI boom as “different” from the dotcom bubble. For Magnus Grimeland, founder of […]
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Cash-strapped governments are increasingly eyeing citizens’ retirement pots — and experts are sounding the alarm
As fiscal pressures deepen from aging populations and pandemic-era debt, governments are increasingly tapping into a tempting source of capital: citizens’ retirement savings. Pension fund assets across the Organization for Economic Cooperation and Development have more than tripled since 2003, reaching $63.1 trillion in 2024, according to the Mercer CFA Institute Global Pension Index. That […]
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Fentanyl, ICE and popcorn: Palantir CEO Alex Karp’s earnings call commentary
Alex Karp, Palantir CEO, joins CNBC’s ‘Squawk on the Street’ on June 5, 2025. CNBC Palantir CEO Alex Karp took on a familiar target during the company’s earnings call on Monday: His critics. “Please turn on the conventional television and see how unhappy those that didn’t invest in us are,” Karp said, after the data […]
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CNBC Daily Open: Outside AI, the market isn’t looking that hot
CFOTO | Future Publishing | Getty Images The “everything store” might have secured its biggest customer yet. On Monday, Amazon announced that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services’ infrastructure. On the one hand, the move isn’t too surprising — a continuation of OpenAI’s spending spree […]
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Stock futures are down slightly after AI stocks start November off strong: Live updates
Traders work at the New York Stock Exchange on Nov. 3 2025. NYSE Stock futures are slightly lower Monday night after the S&P 500 and Nasdaq Composite closed higher on the back of continued enthusiasm around the artificial intelligence trade. Futures tied to the Dow Jones Industrial Average fell 94 points, or 0.2%. S&P futures […]
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Trump tells New York ‘you must vote’ for Cuomo over Mamdani on eve of mayoral election
Andrew Cuomo, New York City mayoral candidate, during a campaign event in New York, US, on Monday, Nov. 3, 2025. Christian Monterrosa | Bloomberg | Getty Images President Donald Trump on Monday night explicitly called on New York City residents to vote for Andrew Cuomo over Democratic nominee Zohran Mamdani in the mayoral election. Trump’s […]
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