Business
AI firms and investors announced massive funding pushes and talent shifts, with xAI saying it would seek $20 billion (Nvidia $2 billion) and OpenAI claiming a $1 trillion infrastructure plan.
Gold prices topped $4,000 an ounce for the first time globally on Oct. 8, 2025, as investors sought safe havens amid a U.S. government shutdown and geopolitical uncertainty.
Investors poured into emerging-market stocks and sovereign bonds as the dollar weakened, prompting warnings from Jeff Bezos and analysts that a broad asset bubble or market melt-up may be forming.
European governments projected a 2026 economic upswing driven largely by planned fiscal and investment measures, while the IMF advised boosting infrastructure and education spending to accelerate growth.
Economists and market analysts warned that markets underestimated U.S. inflation and that a fresh inflation wave could still hit the United States and Europe despite recent dips in some countries.
Germany’s industrial output fell sharply in August, driven by steep auto-sector production cuts, leaving overall manufacturing down over 5% and raising concerns about a possible technical recession.
Tesla introduced cheaper, stripped-down Model 3 and Model Y versions in the United States, with starting prices below $40,000 and reduced range and features to boost sales.
German cities and municipalities collected record dog-tax revenues in 2024, boosting local coffers as dog owners also faced sharply rising pet-food prices and other costs.
SoftBank Group agreed to buy ABB’s robotics unit for more than $5 billion, acquiring the Swiss engineering group's robotics arm and bringing it under Japanese ownership.
U.S. tech stocks and chipmaker shares fell after investors grew skeptical about AI profitability, sending Oracle and Nvidia shares lower and lifting gold to a record.
Marineland asked the Canadian government for emergency funding on Oct. 7 and warned it would euthanize 30 belugas at its Niagara Falls park if denied.
