Nvidia's market value reached over $5 trillion, making it the first company to achieve this milestone. The growth is driven by a rise in AI technology, including expected large AI chip orders and new supercomputer projects. Nvidia also plans significant investments in 6G technology and AI infrastructure.
Key Facts
Nvidia's market value exceeded $5 trillion, driven by a recent rise in share price.
The company's value increased after CEO Jensen Huang announced $500 billion in expected AI-chip orders.
Nvidia plans to build seven new supercomputers for the U.S. government.
The company confirmed a $1 billion investment in Nokia to develop 6G technology.
Nvidia plans to invest up to $100 billion in OpenAI for AI infrastructure development.
Nvidia's value increase coincided with record market highs, with Apple and Microsoft also reaching $4 trillion in market value.
SK Hynix, a supplier to Nvidia, has sold out of some chips needed until 2026 due to high demand.
The Bank of England and International Monetary Fund have warned about possible market risks if AI company values are overestimated.
The U.S. Federal Reserve has reduced its key interest rate by 0.25% to a range of 3.75% to 4.00% due to a slowing labor market and ongoing inflation concerns. This action marks the second rate cut by the Fed this year as they balance between supporting economic growth and controlling inflation. The decision coincides with a government shutdown, which is limiting available economic data.
Key Facts
The Federal Reserve cut the interest rate by 0.25 percentage points.
The new interest rate range is between 3.75% and 4.00%.
The labor market is slowing, with unemployment slightly increasing.
Inflation has risen since earlier in the year and remains high.
There was a 97.8% probability of a rate cut as predicted by CME Fed Watch.
Some banks predict one more rate cut later in the year, except Bank of America.
The ongoing government shutdown has been going on for 29 days, affecting economic data releases.
Consumer confidence dropped to its lowest in six months, with people earning less than $75,000 feeling less optimistic about job security.
A survey found that many people in Generation Z do not like working with their own generation. They feel that their peers can be annoying and prefer working with millennials. This highlights a generational divide and challenges in workplace dynamics.
Key Facts
A survey by Edubirdie found that 31% of Gen Z consider their own generation annoying to work with.
Only 20% of Gen Z said they find baby boomers annoying.
48% of Gen Z believe they will be better bosses than millennials.
80% of Gen Z feel mistreated at work.
Many Gen Z criticize their own generation for being "chronically online" and too reliant on social media.
42% of Gen Z dislike their generation's overreliance on artificial intelligence.
41% of Gen Z think life would be better without being constantly online.
The United States and South Korea have been engaged in trade discussions, aiming to finalize a deal involving $350 billion in investment into the U.S. economy. During these talks, South Korea presented gifts to President Donald Trump, including a gold medal and crown, to improve relations. Despite progress, no formal agreement has been signed yet.
Key Facts
The U.S. and South Korea are working on a trade deal involving $350 billion investment.
South Korea’s President Lee Jae Myung gave gifts to President Trump during talks.
The discussions include reducing U.S. tariffs on South Korean auto exports.
Both countries have tentatively agreed to keep certain tariffs at 15 percent.
South Korean exports like Hyundai and Kia previously faced higher U.S. tariffs.
Talks took place during Trump’s Asia trip and the Asia-Pacific Economic Cooperation summit.
U.S. officials have not confirmed exact details of the agreement.
South Korea is cautious about direct cash investments, preferring loans and guarantees.
Nvidia has become the first company to reach a market value of $5 trillion, driven by its role in the global artificial intelligence industry. Nvidia's advanced chips are crucial to the AI market, and its success has caught the attention of investors and regulators. The company's rapid rise highlights the increased importance of AI technology in business and global trade.
Key Facts
Nvidia is the first company to reach a $5 trillion market valuation.
The company reached this value just three months after surpassing $4 trillion.
Nvidia is central to the AI industry, with its chips powering major AI tools.
CEO Jensen Huang is now one of the world's richest people, with a stake worth about $179.2 billion.
Trade tensions may arise as President Trump is set to discuss Nvidia’s Blackwell chip with Chinese President Xi due to U.S. export controls.
Nvidia plans to build seven supercomputers for the U.S. government.
The company is facing regulatory scrutiny over advanced chip exports.
Analysts warn Nvidia's valuation might be overly high despite the AI market boom.
A report by Resume Genius lists the highest-paying blue-collar jobs, highlighting positions like elevator and escalator technicians, who earn an average of $106,000 per year. These jobs often offer good pay, stability, and do not necessarily require a college degree.
Key Facts
Elevator and escalator technicians are the highest-paid, with an average yearly salary of $106,000.
Other top-paying blue-collar jobs include electrical power line installers, aircraft mechanics, and railroad workers.
These positions often require on-the-job training or apprenticeships rather than a four-year college degree.
Blue-collar jobs are seen as stable and less likely to be replaced by technology like artificial intelligence.
These careers are noted for offering accessibility, high wages, and long-term career security.
The demand for skilled trades in areas like clean energy is increasing.
Nvidia has become the first company to reach a market value of $5 trillion, largely driven by high demand for its AI chips. The company's value now surpasses the GDP of most countries except the US and China. Despite concerns about a potential AI industry bubble, Nvidia's stock continues to rise amid strong sales, particularly in China.
Key Facts
Nvidia reached a market value of $5 trillion, the first company to do so.
The company previously hit the $1 trillion mark in June 2023 and $4 trillion a few months ago.
Nvidia's success is largely due to its role in the AI industry, with its chips in high demand.
Nvidia's market value is now higher than the GDP of every country except the US and China.
The company's stock rose over 5% recently, influenced by strong sales in China.
Concerns persist about a potential overvaluation of AI companies, with warnings from major financial institutions.
Nvidia's access to the Chinese market is important, as China is a significant market for its products.
US-China relations affect Nvidia, with President Trump reversing a previous ban on selling advanced chips to China.
The Federal Reserve has reduced its main interest rate for the second time in six weeks. This move aims to support the U.S. job market, which is currently experiencing difficulties.
Key Facts
The Federal Reserve is the central bank of the United States.
It lowered its benchmark interest rate again today.
This is the second rate cut in six weeks.
The decision is meant to help strengthen the job market in the U.S.
A lower interest rate can make borrowing cheaper for businesses and consumers.
The job market in the U.S. is facing challenges that the Fed aims to address with this action.
Boeing announced a delay in the production of its 777X aircraft until 2027, resulting in $5 billion in penalties for late delivery. The delay is due to regulatory challenges and comes at a time when demand for international travel is rising. Boeing is working to improve its operation efficiency and restore trust with its customers after previous safety concerns and worker strikes.
Key Facts
Boeing's 777X production is delayed to 2027, causing $5 billion in penalties.
The delay is due to regulatory hurdles that Boeing must overcome.
Boeing wants the 777X to succeed its 747 and 777 models.
Recent demand for international travel is rising.
Boeing's revenue increased by 30% in the three months up to September.
The company grappled with safety issues and strikes by more than 3,000 workers.
Boeing plans to deliver the 777X planes by 2027 to improve cash flow.
The company claims the 777X will be more efficient and reliable than competitors.
Videos on social media falsely claimed that Walmart would close its stores due to government funding issues with the Supplemental Nutrition Assistance Program (SNAP). Walmart confirmed these claims are false and stated that their stores will stay open.
Key Facts
Videos suggested Walmart would close stores because of issues with SNAP funding.
The federal government has been shut down for nearly a month, affecting funding decisions.
The House of Representatives passed a funding bill, but it stalled in the Senate.
Claims were spread on TikTok, with one video getting over 500,000 views.
Walmart officials confirmed that the claims about store closures are false.
Walmart stated their stores will remain open for business despite the rumors.
The Federal Reserve has lowered its key interest rate to approximately 3.9% to encourage economic growth and job hiring. This decision comes in response to slow job gains and persistent high inflation. The Federal Reserve may consider another rate cut in December but faces uncertainty due to a lack of new economic data.
Key Facts
The Federal Reserve reduced its benchmark interest rate to about 3.9%.
This cut is the second interest rate reduction by the Fed this year.
The rate cut aims to support economic growth and improve hiring conditions.
Inflation remains high despite the cut.
The Federal Reserve used private-sector data due to a government shutdown, which is limiting new economic data.
The rate cut may lower costs for mortgages, credit cards, auto loans, and business borrowing.
Policymakers have suggested there might be another rate cut in December.
The Fed aims to boost hiring and prevent a recession while controlling inflation.
Health Secretary Robert F. Kennedy Jr. and Medicare Administrator Dr. Mehmet Oz are holding a news event to talk about a legal action involving Tylenol, claiming its marketing misled pregnant women about safety. Texas Attorney General Ken Paxton filed a lawsuit against Johnson & Johnson and Kenvue, alleging they wrongly promoted acetaminophen and improperly moved liabilities to another firm. Kenvue argues acetaminophen is safe and plans to defend against these legal claims.
Key Facts
Texas Attorney General Ken Paxton filed a lawsuit against Johnson & Johnson and Kenvue over the marketing of Tylenol.
The lawsuit claims acetaminophen, found in Tylenol, increases risks for pregnant women, such as autism in children.
Paxton accuses the companies of hiding these risks and misleadingly marketing Tylenol as safe during pregnancy.
The suit also claims Johnson & Johnson transferred liabilities to Kenvue to avoid responsibility.
Acetaminophen is widely used in the U.S., with many studies not supporting the claimed risks.
Kenvue plans to challenge the lawsuit and states acetaminophen is commonly viewed as safe by the medical community.
The lawsuit requests $10,000 for each violation of consumer protection in Texas and aims for a jury trial.
Kenvue highlights the dismissal of some related claims in federal court but notes ongoing appeals.
U.S. stock markets are rising, with Nvidia becoming the first company valued at $5 trillion. Investors are awaiting a decision from the Federal Reserve on interest rates, while several major U.S. companies reported higher-than-expected profits.
Key Facts
The S&P 500, Dow Jones, and Nasdaq indexes all increased, nearing record highs.
Nvidia's stock rose 2.7%, making it the first company valued at $5 trillion.
The Federal Reserve is expected to announce a cut in interest rates, which could affect future economic conditions.
Caterpillar's stocks increased by 12.2% after its profits exceeded expectations.
Teradyne's stocks surged 19.4% due to strong demand for its AI-related products.
Fiserv's stock dropped 40.3% following disappointing quarterly profit reports.
Mondelez International reported strong results but is facing high cocoa costs due to inflation.
Bond market interest rates are fluctuating with the yield on 10-year Treasury notes rising.
Inflation in Jersey has increased to 2.6% between June and September, mainly due to higher costs of food, driving, and leisure. The Retail Prices Index report by Statistics Jersey showed a 2.8% price rise over the year up to September. This data helps the government and businesses in decision-making regarding pensions, benefits, and future expenses.
Key Facts
Jersey's inflation rate rose to 2.6% from June to September.
Over the past year, prices in Jersey increased by 2.8%.
The main reasons for inflation include rising costs of food, driving, and leisure activities.
Leisure activities include entertainment, sports, and off-island holidays.
Tobacco was the most affected spending group by inflation, with leisure services and motoring also significantly impacted.
The government will use this inflation data to help make decisions on pensions and benefits.
Businesses use inflation figures for planning future costs and expenses.
A study found that during a period of high U.S.-China trade tensions, retailers increased prices more than necessary based on import taxes alone. Researchers noted that companies used the trade war announcements as an opportunity to raise prices, even when those goods were not directly affected by tariffs. The findings highlight the broader impact on consumers during trade disputes.
Key Facts
Researchers studied price changes in 1,900 consumer products across 19 categories.
Price increases during April and May were linked to trade tensions between the U.S. and China.
Retail prices increased significantly before tariffed goods reached stores.
Average price increases during this period were 1.8% every two weeks, sometimes exceeding 2%.
Nearly 43% of the products saw price hikes attributed to retail strategies.
The study found that retailers used "trade war" announcements as an excuse for margin expansion.
Findings matched a Fed Beige Book report and New York Federal Reserve survey noting similar pricing behaviors.
Tom Brady announced that Fox Sports is investing in his entertainment and marketing studio, Shadow Lion. This partnership aims to expand beyond NFL games by creating original content and series, with a first project focusing on the University of Michigan football program. Financial details were not disclosed, but Fox Sports describes the investment as long-term.
Key Facts
Fox Sports is investing in Tom Brady's company, Shadow Lion.
The investment aims to produce original content and series.
The first project after the investment is a docuseries about Michigan football.
No financial terms of the deal were made public.
Brady's studio will work with other athletes and brands.
Fox Sports sees this as a long-term partnership.
The collaboration with Fox Sports is meant to extend beyond NFL games.
President Donald Trump's presidency has seen a significant increase in wealth from cryptocurrency ventures. In the first half of 2025, his organization made $802 million from crypto, surpassing traditional business income. There are debates and concerns about the ethics and transparency of these earnings.
Key Facts
President Trump's organization earned $802 million from cryptocurrency in the first half of 2025.
This crypto income was much more than the $62 million from traditional businesses like real estate and licensing.
World Liberty Financial was a major contributor, with token sales reaching $618 million in early 2025.
Trump family's wealth reportedly increased by $800 million tied to crypto.
Trump earns from a crypto called the Trump meme coin, which brought in $672 million.
Some financial experts express concerns over conflicts of interest as Trump sets U.S. crypto policy while benefiting financially.
There are criticisms and debate over the transparency and ethics of these profits, especially from foreign entities.
A new compensation scheme has been launched for former sub-postmasters affected by the Capture branch IT system used by the Post Office from 1992 to 2000. It aims to help those who faced financial shortfalls due to system errors, with initial payments of £10,000 and potential awards up to £300,000. The scheme is starting with a pilot phase for 150 applicants before being rolled out more widely.
Key Facts
The compensation is for issues caused by the Capture IT system, which operated from 1992 to 2000.
A pilot scheme begins for 150 applicants, providing £10,000 when eligibility is confirmed.
An independent panel can award up to £300,000, with more for severe cases meeting detailed criteria.
Capture was replaced by the Horizon IT system, which also faced issues affecting sub-postmasters.
The Post Office has paid over £1.2 billion in redress for Horizon-related errors.
Families can apply on behalf of deceased sub-postmasters or those unable to apply.
Eligible applicants must not have criminal convictions related to the system’s errors.
The scheme was initially announced by the Department for Business and Trade in June.
Housebuilders in England warn that the government's goal to build 1.5 million homes by the end of the decade may not be reached unless measures are taken to help first-time buyers and adjust taxes. The Home Builders Federation has communicated concerns to the Office for Budget Responsibility, highlighting that current policies and additional costs make some projects unworkable. The government acknowledges these challenges but is committed to achieving the target.
Key Facts
The UK government aims to build 1.5 million homes in England by the end of the decade.
The Home Builders Federation warns this target is too ambitious without policy changes.
The government has been urged to help first-time buyers and revisit tax policies.
Building costs are rising due to taxes like the "landfill tax" and a new building safety levy.
Government planning reforms are seen as positive but insufficient on their own.
The closing of the Help to Buy scheme has left first-time buyers without direct support.
The government is committed to achieving its housing targets despite financial challenges.
The Chancellor and Office for Budget Responsibility are involved in economic and housing forecasts.
A Redfin report shows that Florida and Texas have the strongest buyer's markets in the U.S., meaning there are more homes for sale than buyers. This situation gives buyers more negotiating power, leading to potential price reductions and other advantages.
Key Facts
In a buyer's market, there are more homes for sale than buyers, giving buyers more power to negotiate prices.
According to Redfin, there are over 2 million active home listings each month since April in the U.S.
Austin, Texas, is the top buyer's market with sellers outnumbering buyers by 130%.
Fort Lauderdale and West Palm Beach in Florida are also strong buyer's markets with significant gaps between sellers and buyers.
The Sun Belt, including Florida and Texas, saw increased inventory due to a previous home-building boom.
High mortgage rates and other cost factors have reduced the number of active buyers in these areas.
Remote work during the pandemic made these states more popular, leading to a housing demand spike that has since cooled.
Other cities with strong buyer's markets include Nashville, San Antonio, Dallas, Jacksonville, Las Vegas, and Houston.
