Business activity lessened in the U.S. service sector in September as costs continued to rise.
Category: 7 October 2025
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SPOTLIGHT: BIGS GETTING BIGGER
The number of mergers and acquisitions topping $10 billion in value has set a record at 14 in this year’s third quarter, the Financial Times reported after analyzing data from the London Stock Exchange Group (LSEG).
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TOP TREND 2024: EV GO FU
A federal tax incentive of as much as $7,500 for the purchase of electric vehicles (EVs) ended 30 September, leaving auto companies and their dealers with an estimated 134,000 cars that suddenly cost thousands of dollars more than they did last month.
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SPOTLIGHT: MONEY GOES DIGITAL
The tokenization of stocks, real estate, and other assets is irreversible, according to Vlad Tenev, CEO of cryptocurrency trading platform Robinhood, who spoke in a CNBC interview.
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SPOTLIGHT: STOCK MARKETS RIDE HIGH ON AI
Chinese equity markets rose and fell in waves in recent months as Beijing announced, then failed to deliver, “bold” stimulus programs to revive the dormant domestic economy.
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RICHEST 1 PERCENT SEES FORTUNE HIT $52 TRILLION
The top 1 percent of American earners saw their net wealth pop to a combined $52 trillion in the second quarter of this year—benefiting from the additional $4 trillion they made in the past year alone, according to new data from the Federal Reserve.
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ELLISONS TAKE CONTROL: PARAMOUNT BUYS THE FREE PRESS FOR $150M IN CASH, STOCK, NAMES ZIONIST BARI WEISS EDITOR-IN-CHIEF OF CBS NEWS
Bari Weiss, the co-founder of The Free Press and staunch Zionist, was named the editor-in-chief of CBS News after Paramount Skydance announced its purchase of the outlet for $150 million.
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UNIPARTY TAKES AIM AT MAMDANI AS ERIC ADAMS BACKS OUT OF NYC MAYORAL RACE
Eric Adams, the New York City mayor, announced earlier this month that he will not seek reelection in November, which helps clear the way for Andrew Cuomo, the disgraced former governor, to take on Zohran Mamdani in a few weeks as the political establishment teams up to beat the pro-Palestinian candidate.
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MERZ’S LATEST COMMENTS ABOUT RUSSIA SHOULD BE SEEN AS A ‘DECLARATION OF WAR,’ WRITES WSWS
German Chancellor Friedrick Merz addressed an audience in Düsseldorf last week and said while Berlin is not technically at war, it should be noted that the country is also “no longer at peace either,” which WSWS said is essentially a “declaration of war.”
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PRESSURED BY PARENT COMPANY, COTY SLIMS DOWN
Coty, the 121-year-old beauty products brand, is investigating the pros and cons of “partnerships, divestitures, and spin-offs” as it looks to unload its consumer beauty product line, the company has announced.