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
Finance
China is restricting the use of European telecom equipment suppliers Nokia and Ericsson in its networks. According to Business Standard, Chinese state-backed buyers of IT equipment must now submit contracts from these companies to national security checks. The Cyberspace Administration of China conducts what sources describe as black box reviews.
Finance
According to Kotaku, Electronic Arts faces a credit rating downgrade to junk status following its $55 billion acquisition by Saudi Arabia's Public Investment Fund, Jared Kushner's Affinity Partners, and Silver Lake. Bloomberg reports that S&P Global Ratings plans to cut EA's credit
Finance
Stock futures remained flat on September 29, 2025, as investors prepared to conclude an unusually strong month. According to CNBC, futures tied to the Dow Jones Industrial Average fell 3 points, while S&P 500 futures slipped 0.02% and Nasdaq 100 futures declined 0.03%. The S&
Finance
According to CNBC, Charlie Javice received a sentence exceeding seven years in federal prison on Monday, September 29, 2025. The 33-year-old founder of Frank, a student financial aid platform, was convicted of defrauding JPMorgan Chase during the 2021 acquisition. JPMorgan paid $175 million for Frank in September 2021. The bank
Finance
China has called on the United States to lift its unilateral tariff measures to restore normal trade flows of soybeans during ongoing negotiations. South China Morning Post reports that Ministry of Commerce spokesman He Yadong made this statement during a press briefing on Thursday. Washington could take decisive action to
Finance
PepsiCo plans to launch two new ready-to-drink dirty soda beverages next month. According to CNBC, the company will unveil Dirty Dew and Mug Floats Vanilla Howler at the National Association of Convenience Stores trade show in Chicago. These products follow the earlier release of Pepsi Wild Cherry & Cream, which