Finance
According to CNBC, three federal banking regulators announced Thursday the withdrawal of principles requiring large banks to manage climate-related financial risks. The Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency jointly rescinded the October 2023 guidelines. The agencies stated that existing safety and soundness
Finance
A comprehensive report published October 15, 2025, calls for the United Kingdom to transform its food system on a scale not witnessed since the Second World War. According to The Conversation, the Roadmap for Resilience document was developed by the AFN Network+ at the University of East Anglia. The report
Finance
According to CNBC, U.S. stock markets rebounded Monday, October 13, 2025. The Dow Jones Industrial Average rose 587.98 points, gaining 1.29% to close at 46,067.58. The S&P 500 climbed 1.56% to finish at 6,654.72. The rally recovered 67% of Friday&
Finance
According to CNBC, London's High Court began hearing one of the largest mass lawsuits in English legal history on Monday, October 13, 2025. Lawyers representing 1.6 million claimants accuse Mercedes-Benz, Ford, Nissan, Renault and Stellantis-owned brands Peugeot and Citroen of cheating diesel emissions tests. The claimants allege
Finance
CNBC reports that China defended its rare earth export restrictions on Sunday. The country's Ministry of Commerce called the controls necessary and legitimate. Beijing stated it will not engage in a tariff war but remains unafraid of one. The announcement came after President Trump threatened 100 percent tariffs
Finance
The United Kingdom's Competition and Markets Authority designated Google with strategic market status on Friday for its general search and search advertising services. According to CNBC, the designation follows a nine-month investigation concluding that Google holds substantial and entrenched market power. The tech company controls more than 90
Finance
Ferrari announced technical specifications for its first electric vehicle on October 9, 2025, while simultaneously reducing its 2030 electrification targets. According to CNBC, the Italian automaker now expects fully electric vehicles to represent 20% of its 2030 lineup, down from a previously announced 40% target set in 2022. The company
Finance
Nvidia CEO Jensen Huang dismissed concerns about Oracle's thin profit margins on GPU cloud services during an interview at the CNBC Investing Club's Monthly Meeting on Tuesday. According to CNBC, Huang stated Oracle will be "wonderfully profitable" over time despite current margin pressure. Oracle
Finance
Verizon Communications appointed Dan Schulman as its new chief executive on Monday, effective immediately. According to CNBC, the 67-year-old former PayPal CEO replaces Hans Vestberg, who led the company since 2018. Mark Bertolini was named chairman of the board of directors. Schulman served on Verizon's board since 2018
Finance
OpenAI CEO Sam Altman announced Friday that the company will introduce copyright controls for its Sora video generation app. According to TechCrunch, the changes will give rights holders control over how their characters appear in user-generated videos. The announcement follows widespread creation of videos featuring copyrighted characters like Pikachu and
Finance
OnePay will offer cryptocurrency trading and custody on its mobile banking app later this year. According to CNBC, the fintech firm majority-owned by Walmart plans to provide customers access to Bitcoin and Ethereum. The company partnered with Chicago-based startup Zerohash to power the crypto infrastructure. OnePay was founded in 2021
Finance
Amazon founder Jeff Bezos announced gigawatt-scale data centers will be built in space within 10 to 20 years. Speaking at Italian Tech Week in Turin on October 3, 2025, Bezos discussed the future of computing infrastructure. According to Data Center Dynamics, he predicted these facilities would eventually surpass Earth-based ones