Financial Summary: Thursday, October 2, 2025

Asian tech shares surged, with South Korea's Kospi reaching a record high amid expectations of Federal Reserve rate cuts.

Gold prices hit a new record high as a weaker dollar and disappointing US labor data fueled speculation on Fed rate cuts.

Wall Street closed higher, led by the healthcare sector, as investors remained optimistic despite weaker jobs data.

India's benchmark indices, Nifty and Sensex, ended an eight-day losing streak, driven by gains in private banks, auto, and IT sectors.

Bitcoin prices surged again, boosting related stocks like Coinbase as the cryptocurrency market continues to gain momentum.

Oil futures fell amid ongoing supply concerns, reflecting market anxieties over global oil demand.

U.S. stocks reached record highs as OpenAI's latest funding deal reignited interest in the AI economy.

The UK government plans to revoke refugees' right to apply for permanent residency after five years under a new immigration policy.

A new peace plan for Gaza has been proposed, but it faces significant challenges in achieving a lasting resolution.

European defense companies are collaborating to develop a drone defense system to counter Russian airspace violations.

Taiwan has rejected a U.S. proposal for a '50-50' chip production arrangement, opting to focus on tariff discussions instead.

Russia's advancements in missile technology are reportedly outpacing Ukraine's air defense systems, leading to lower interception rates.

China has imposed restrictions on the use of Nokia and Ericsson in its telecom networks, affecting European companies amid national security concerns.

A tragic attack at a Manchester synagogue resulted in two deaths, prompting increased security measures at Jewish sites across the UK.

Russia's economy is facing challenges as the Kremlin plans to increase financial contributions from citizens to support the ongoing war in Ukraine.

Japan is on the brink of running out of its popular Asahi Super Dry beer due to a significant cyber attack affecting production facilities.

The U.S. will provide intelligence to assist Ukraine in targeting Russian positions with long-range missile attacks, including discussions on Tomahawk missiles.

Microsoft is launching Copilot Pro, an AI productivity software bundle for consumers, at $20 per month starting in early 2024.

Microsoft announces a $33 billion investment in Neoclouds to enhance AI infrastructure amid rising demand.

Hugging Face co-founder Thomas Wolf raises concerns about the limitations of current AI models in achieving scientific breakthroughs.

Perplexity AI has launched its Comet browser for free worldwide, expanding access beyond its previous subscription model.

Diversified Energy is moving its primary stock listing from London to New York City, following AstraZeneca's recent NYSE transition.

Peloton plans to refresh its product lineup and increase prices for subscriptions and hardware ahead of the holiday season.

Zillow and Redfin are facing a lawsuit from multiple states over alleged antitrust violations in the online rental housing market.

Goldman Sachs reports significant gains in its India portfolio, with stocks rising between 50% and 155% over the past year.

SK Hynix shares hit a 25-year high as the company collaborates with Samsung and OpenAI to enhance memory chip supply.

Universal and Warner Music are nearing AI licensing deals, aiming for a payment structure similar to streaming services.

Berkshire Hathaway is set to acquire Occidental's OxyChem for $9.7 billion, marking Warren Buffett's largest deal in three years.

Tesla reported record deliveries of 497,099 electric vehicles in Q3, driven by consumer rush before tax credits expired.

Amazon is under investigation by the FAA and NTSB after two of its delivery drones crashed into a crane in Arizona.

OpenAI successfully completes a $6.6 billion share sale, achieving a valuation of $500 billion, reinforcing its status as the most valuable private company globally.

Mumbai is developing a luxurious seafront neighborhood to attract ultra-rich residents.

A SEBI survey shows that only 9.5% of Indian households invest in securities despite high awareness.

India has initiated a crackdown on 25 cryptocurrency exchanges for failing to comply with anti-money laundering laws.

Ultra-wealthy millennials and Gen Zers are projected to surpass baby boomers in wealth by 2040, driven by technology and inheritances.

Financial expert Dave Ramsey highlights the risks of carrying a $1 million debt and its potential impact on personal relationships.