Browsing: Business

SEATTLE/SAN FRANCISCO, Nov. 3, 2025: Shares of Amazon Inc. surged to an all-time high on Monday following the announcement of a major cloud services agreement with OpenAI. The agreement is valued at approximately US$38 billion and spans seven years. Under the deal, OpenAI will gain access to hundreds of thousands of high-performance NVIDIA GPUs and an ability to scale to tens of millions of CPUs through Amazon Web Services (AWS) infrastructure. The companies stated that OpenAI will begin utilizing AWS compute resources immediately, with full deployment targeted by the end of 2026 and expansion into 2027 and beyond. Amazon’s stock price rose by roughly 5 percent on the news, reflecting…

Warren Buffett’s Berkshire Hathaway posted strong Q3 earnings with profit up 34% and a record $381.7 billion cash pile amid steady insurance performance.

Amazon reported Q3 net sales of $180.2 billion and raised its 2025 capital forecast to $125 billion as profit rose sharply across cloud and retail units.

Apple reported $102.5B Q4 revenue and $1.85 EPS, beating forecasts as strong iPhone 17 and services sales lifted profit and boosted investor confidence.

Trump and Xi strike a short-term trade deal at APEC, with US cutting tariffs and China continuing rare earth exports. Key issues remain unresolved.

The yen hit an eight-month low after the Bank of Japan held rates steady while the U.S. dollar rose on the Federal Reserve’s stronger policy tone.

US stock futures declined as Meta and Microsoft shares fell after quarterly results, weighing on Wall Street and prompting cautious pre-market trading.

Starbucks posts first same store sales growth in nearly two years with 1% rise driven by strong international performance despite weaker U.S. results.

The Federal Reserve cut its benchmark rate to 3.75-4.00%, the lowest in three years, as job growth slows and inflation remains elevated.

Nvidia nears a historic five trillion dollar valuation after unveiling major U.S. AI supercomputing projects and record $500 billion in processor bookings.