Financial Summary: Tuesday, October 28, 2025

India's market regulator SEBI has initiated an investigation into a trading platform following allegations of insider trading.

Chegg announced a significant 45% workforce reduction due to challenges posed by AI advancements and declining search engine traffic.

Amazon is laying off approximately 14,000 corporate workers as it pivots towards increased investments in AI.

Wayfair's stock surged 10% after reporting earnings that exceeded expectations alongside a notable revenue increase.

Apple's market value has surpassed $4 trillion, fueled by strong demand for its latest iPhone models.

Nvidia has acquired a $1 billion stake in Nokia, resulting in a 26% increase in Nokia's shares.

GlobalFoundries announced a €1.1 billion investment to expand its facility in Germany, signaling growth in the semiconductor sector.

Eli Lilly is stockpiling its weight loss pill while collaborating with Nvidia to develop an AI supercomputer for drug discovery.

Shopify has launched new features aimed at enhancing e-commerce capabilities for small businesses.

AI startup Mercor has reached a $10 billion valuation, showcasing significant advancements in chatbot technology.

Microsoft's stock is nearing a buy point as the company increases its investment in OpenAI, signaling confidence in AI growth.

Nvidia has unveiled a new product that merges AI supercomputing with quantum technology, enhancing performance capabilities.

Lucid Motors is set to lead the automotive industry with its upcoming self-driving car technology, in partnership with Nvidia.

Nvidia has started manufacturing its AI chips in Arizona, moving production from Taiwan to strengthen local operations.

CleanSpark has secured a deal for an AI data center in Wyoming, positioning itself against major tech firms in the bitcoin mining sector.

Take-Two Interactive's CEO states that while AI is impactful, it is not yet capable of creating complex video games like 'Grand Theft Auto'.

Bill Gates advocates for a new climate change strategy that prioritizes improving lives over merely preventing disasters.

South Korea's GDP grew by 1.7% year-on-year in Q3, marking the fastest growth in over a year, fueled by strong exports and manufacturing.

Israeli Prime Minister Netanyahu has ordered an escalation of military attacks on Hamas in Gaza, citing ongoing ceasefire violations.

States are suing the Trump administration to ensure SNAP benefits continue during the government shutdown, impacting over 40 million Americans.

The British Council is facing severe financial challenges, leading to plans for job cuts and closures in 35 countries to ensure its survival.

Air traffic controllers are experiencing heightened stress as they miss their first paychecks due to the government shutdown, raising safety concerns.

All three major U.S. stock indexes reached record highs, fueled by strong earnings and positive trade sentiment with China.

Indian PSU bank stocks rose up to 3% following the government's announcement to increase foreign investment limits.

European shares retreated after a record rally as investors evaluated corporate earnings and trade developments.

Japan's Nikkei index fell from a record high due to profit-taking and a stronger yen affecting market sentiment.

Warren Buffett disclosed a $1 billion investment in the stock market, signaling confidence in current opportunities.

The Federal Reserve is anticipated to announce a rate cut this week, indicating a significant shift in monetary policy.

Many individuals are unknowingly adopting harmful money habits that can jeopardize their financial well-being, with five key practices identified as particularly detrimental.