Financial Summary: Friday, October 3, 2025

USA Rare Earth shares surged 18% to an all-time high amid discussions with the White House on mining projects.

Berkshire Hathaway is acquiring Occidental Petroleum's chemical division, OxyChem, for $9.7 billion, signaling a potential leadership change.

Blackstone has reached its $10 billion target for its latest Asia buyout fund, with expectations to grow to $12.9 billion.

Reliance Industries is entering the ₹30,000 crore packaged water market with its new brand Campa Sure.

Tesla and GM led record U.S. EV sales, surpassing 1 million units sold in the first nine months of the year.

Walmart-backed fintech OnePay is integrating cryptocurrency into its banking app, expanding its financial services.

Regulators approved a $6.2 billion takeover of Minnesota Power by an investment group, marking a significant shift in the energy sector.

Amazon is closing four Fresh grocery stores in Southern California as it shifts its grocery strategy towards Whole Foods and delivery services.

Stocks for General Motors, Ford, and Stellantis rose by 2% to 4% following reports of potential tariff relief for U.S. vehicles.

India's credit growth is expected to rise significantly with new RBI measures potentially unlocking ₹5 lakh crore in demand.

Indian Bank reports a 13% year-on-year increase in advances, marking its highest quarterly growth since FY24.

Prime Minister Modi is set to meet President Trump at the ASEAN summit to discuss trade deals amid ongoing tariff issues.

Tata Motors has reclaimed the No. 2 position in India's passenger vehicle market, driven by a 28% rise in September registrations.

India's real estate sector is poised for a festive sales boom due to stable policies and GST relief, especially in tier-II cities.

India's Index of Industrial Production rose by 4% year-on-year in August 2025, driven by growth in mining and electricity sectors.

The mining sector in India experienced a remarkable recovery, growing by 6% in August 2025 after a previous decline.

India's manufacturing sector saw a growth of 3.8% in August 2025, with significant increases in basic metals and electrical equipment production.

The Indian Meteorological Department has announced the further withdrawal of the southwest monsoon, with seasonal rainfall recorded at 108% of the Long Period Average.

Margin trading in India has surpassed ₹1 lakh crore, with Jio Financial Services leading the way in borrowed funds.

The BSE has launched a new Hospitals Index to track 15 healthcare stocks, expanding investment opportunities in the sector.

U.S. stocks opened higher as optimism for a potential Federal Reserve interest rate cut boosts market sentiment.

Metal stocks rallied in India, with Lloyds Metals and Tata Steel contributing to a positive close in the equity market.

Morgan Stanley and Goldman Sachs warn that the AI stock boom may be losing momentum, raising concerns about potential market drawdowns.

The S&P 500 and Nasdaq reached new intraday records, capping a week of volatility in the U.S. stock market.

Goldman Sachs sold over 1 crore shares of Eternal Limited, indicating strong growth in food delivery despite a profit decline.

Sebi has imposed a market ban on Synoptics Technologies and its promoters amid an investigation into IPO fund diversion.

The Nifty and Sensex indices rose for the second consecutive day, driven by gains in the metals and banking sectors.

Gold is on track for its seventh consecutive weekly gain as uncertainty from the U.S. government shutdown affects interest rates.

The Dow Jones Industrial Average surged by 500 points to a new high, while the Nasdaq index showed mixed performance.

Despite a record close for the S&P 500, investors remain cautious due to stretched valuations and concerns over AI investments.

Amazon's diverse business model continues to attract attention beyond its cloud services, impacting market perceptions.

Young college graduates face challenges in securing jobs as the labor market experiences a slowdown, raising questions about the value of their degrees.

Sean Combs has been sentenced to four years in prison following a trial for serious sexual misconduct allegations.

Singapore's F1 Grand Prix is boosting tourism in the Asia-Pacific region as visitors extend their stays.

A violent attack on the Jewish community in Manchester has raised concerns about rising antisemitism and community safety.

President Trump has set a deadline for Hamas to accept a peace plan for Gaza, warning of severe consequences for non-compliance.

The U.S. government shutdown continues, affecting federal workers and delaying student loan repayments amid economic uncertainty.

The UK Conservative Party faces challenges as leader Kemi Badenoch struggles with low approval ratings.

Meta has introduced Business AI chat tools aimed at enhancing customer interactions on third-party websites with personalized recommendations.

Apple has removed tracking apps used by ICE from its platform following safety concerns raised by Attorney General Pam Bondi.

OpenAI's new video app, Sora 2, is attracting attention for its advanced video generation capabilities and rising valuation.

Quantum computing stocks Rigetti Computing and D-Wave have experienced significant gains, driven by Nvidia's focus on accelerated computing.

Perplexity's CEO claims that the Comet AI browser can boost productivity, potentially reducing the need for additional hiring in companies.

Chicago Fed President Austan Goolsbee acknowledges AI's potential to enhance GDP but cautions against excessive investment in the technology.