Category: business
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Nvidia Nears Historic $5 Trillion Valuation in AI-Fueled Rally
Nvidia Set to Become First Company Worth $5 Trillion Amid AI Surge SANTA CLARA, Calif., Oct. 29, 2025 — Nvidia (NVDA.O) is poised to open trading above a $5 trillion market capitalization, marking a historic milestone that cements the chipmaker as the undisputed leader of the global artificial intelligence revolution. Shares of the California-based company…
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European Shares Hold Steady as Investors Await U.S. Fed Rate Decision and Key Earnings
European Markets Pause as Traders Await Fed’s Policy Decision LONDON, Oct. 29, 2025 — European shares were largely unchanged on Wednesday, with investors taking a cautious stance ahead of the U.S. Federal Reserve’s highly anticipated interest rate decision later in the day. The pan-European STOXX 600 index remained flat at 575.66 points (as of 0812…
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Mercedes-Benz CEO Calls for ‘Animal Spirit’ to Survive Ferocious China and U.S. Auto Markets
Mercedes-Benz Embraces “Animal Spirit” to Endure Market Evolution BERLIN/FRANKFURT, Oct. 29, 2025 — Facing intensifying global headwinds, Mercedes-Benz Group AG CEO Ola Kaellenius urged investors and industry peers to adopt what he called an “animal spirit” to survive the fierce battles raging in the world’s largest car markets — China and the United States. “The…
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China Reasserts It ‘Will Not Rule Out Use of Force’ Over Taiwan Ahead of Trump–Xi Summit
Beijing Toughens Its Tone on Taiwan BEIJING/TAIPEI, Oct. 29, 2025 — China issued one of its strongest warnings yet over Taiwan, declaring that it “absolutely will not” rule out the use of force to achieve reunification. The statement came just a day before U.S. President Donald Trump and Chinese President Xi Jinping are set to…
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Trump Concludes Asia Tour With Trade Talks in South Korea and China
President Trump Wraps Up Five-Day Asia Tour With Key Trade Talks in South Korea and China GYEONGJU, South Korea ( October 29, 2025) — U.S. President Donald Trump wrapped up the final leg of his five-day Asia tour on Wednesday with high-stakes meetings in South Korea, focusing on trade, tariffs, and regional security. Trump’s visit…
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Microsoft and OpenAI Reach Landmark Deal Valuing OpenAI at $500 Billion
Tech giants Microsoft and OpenAI have finalized a landmark deal that restructures OpenAI into a public benefit corporation, valuing the AI powerhouse at $500 billion. The agreement also gives OpenAI greater freedom to pursue business opportunities and raise capital, resolving constraints that have existed since the companies first partnered in 2019. Details of the Microsoft-OpenAI…
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Nvidia to Make $1 Billion Investment in Finland’s Nokia: What This Means for the Tech Industry
Global tech giant Nvidia is set to make a $1 billion equity investment in Finland’s leading telecom equipment maker, Nokia, in a strategic move that signals deeper collaboration between semiconductor and telecommunications industries. The announcement was made on October 28, 2025, sparking significant interest in both the financial and tech communities. Details of Nvidia’s $1…
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US Consumer Prices Rise Less Than Expected Ahead of Federal Reserve Decision
Inflation Eases as US Consumer Prices Rise 0.3% in September Washington, October 24, 2025 — The United States consumer price index (CPI) rose less than expected in September, signaling a modest cooling in inflationary pressures as policymakers at the Federal Reserve prepare for their next interest rate decision. According to data released by the Bureau…
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London Shares Hold Steady as Investors Eye Key US Inflation Data
London stocks were largely flat on Friday, with investors taking a cautious stance ahead of a crucial U.S. inflation report, even as the main indexes are poised for weekly gains. The market has been buoyed by signs of cooling domestic inflation in the UK and easing Sino-U.S. trade tensions, which have helped restore investor confidence…
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Porsche Plunges to $1.1 Billion Quarterly Loss Amid EV Setback and China Market Pressure
Porsche reported a steeper-than-expected operating loss in the third quarter, signaling deepening challenges for the German sports car maker as it navigates a slower-than-planned shift to electric vehicles (EVs) and mounting pressure in its key markets, especially China. The results underscore the struggles of a company once celebrated as the pinnacle of German automotive engineering.…
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