Bitcoin and ether slide as the Fed’s rate decision looms: CNBC Crypto World

On today’s show, major cryptocurrencies fall ahead of the Federal Reserve’s decision on rates. Plus, President Trump’s World Liberty Financial crypto project said it sold $550 million in tokens, while the SEC’s acting chief said the agency’s considering dropping a crypto asset custody proposal presented under the prior administration. Also, HFR’s Kenneth Heinz discusses the launch of an expanded strategy classification system for hedge funds and alternative investment products focused on crypto.

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Massive fire breaks out at Chevron oil refinery in California

October 3, 2025

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

October 3, 2025

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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CNBC Daily Open: U.S. stock indexes charge ahead with three record closes

October 3, 2025

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 […]