OpenAI Valuation Reaches $500 Billion, Topping Musk’s SpaceX

Oct 3, 2025 | Markets

The rally in tech stocks took a breather Friday, pulling back from this week’s record highs. AI optimism was countered by President Donald Trump’s warning to Hamas and signs of a weakening economy as a US government shutdown extended into its third day. The dollar...

US Services Gauge Falls on Weakest Business Activity Since 2020

Oct 3, 2025 | Markets

The US service sector stalled in September as business activity shrank for the first time since the pandemic and orders barely expanded. The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said...

Apple Adds a Bear as Jefferies Downgrades, Sees 20% Downside

Oct 3, 2025 | Markets

Apple Inc. received a relatively rare bearish analyst rating on Friday, as Jefferies warned that expectations surrounding how fast customers will upgrade their iPhones had become excessive. Analyst Edison Lee cut his rating on the stock to underperform from hold,...

Merz Urges Germans to Accept Change or Suffer Economic Slide

Oct 3, 2025 | Markets

German Chancellor Friedrich Merz on Friday implored Germans to either embrace uncomfortable reforms or watch their economy fade. “Our nation is in the midst of an important, perhaps decisive phase in its modern history,” Merz said in a speech in Saarbruecken marking...