A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Oct. 29, 2025. Brendan McDermid | Reuters LONDON — European stocks opened in negative territory on Wednesday, mirroring global declines as concerns grow over sky-high tech valuations. The pan-European Stoxx 600 was down 0.4% at 8:20 a.m….
NVIDIA CEO Jensen Huang speaks during the Live Keynote Pregame during the Nvidia GTC (GPU Technology Conference) in Washington, DC, on Oct. 28, 2025. Jim Watson | AFP | Getty Images The euphoria around artificial intelligence is colliding with the limits of reality, and cracks are emerging. Last night, tech giants like AMD smashed expectations…
A box of Ozempic sits on a table in North Tyneside, Britain, Oct. 31, 2023. Lee Smith | Reuters Danish pharmaceutical giant Novo Nordisk said Wednesday it is lowering its growth expectations for its key obesity and diabetes treatments. Net profit for the quarter came in at 20 billion Danish kroner ($3.1 billion) in line…
Guests look at a model of the largest data center in the UAE under construction in Abu Dhabi as the Stargate initiative, a joint venture between G42, Microsoft, and OpenAI, during the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) in Abu Dhabi on November 3, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by…
Zohran Mamdani, Democratic candidate for mayor speaks during a press conference celebrating his primary victory with leaders and members of the city’s labor unions on July 2, 2025 in New York. Angela Weiss | Afp | Getty Images Democrats made a clean sweep in the three biggest contested elections in the United States on Tuesday…
Yusuf Mehdi, executive vice president and consumer chief marketing officer at Microsoft, speaks at a company briefing in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into Windows, the company’s world-leading operating system. Jason Redmond | AFP | Getty Images The euphoria around…
Aerial view of vehicles being driven on the road through the central business district in Beijing, China. Vcg | Visual China Group | Getty Images Japan’s Nikkei 225 plunged below the 50,000 mark on Wednesday amid a wider decline in Asia markets as investors fled AI-related stocks. The Nikkei lost 3.48%, while the Topix was…
Joe Bae, co-chief executive officer of KKR & Co., during the Global Financial Leaders’ Investment Summit in Hong Kong, China, on Tuesday, Nov. 4, 2025. Bloomberg | Getty Images Private equity fund managers are bracing for a wave of consolidation as investors demand higher returns and stronger governance, forcing a shakeout in an overcrowded industry,…
Traders work at the New York Stock Exchange on Nov. 3 2025. NYSE Dow futures rose slightly Tuesday night after all three major U.S. averages posted losses. Dow Jones Industrial Average futures climbed 100 points, or 0.23%. S&P 500 futures gained less than 0.1%, while Nasdaq 100 futures dipped 0.1%. Wall Street is coming off…
Saudi Arabia will capitalize on its abundant supply of cheap natural gas and renewables to transform the kingdom into a global leader in artificial intelligence, Aramco CEO Amin Nasser told CNBC in an interview. Aramco, the world’s largest oil company, disclosed in late October that it plans acquire a significant minority stake in the new…
