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Jim Cramer says this week's AI sell-off offers a crucial lesson for investors
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I watched Nvidia's Jensen Huang work the room in London. He brought big checks — and a blunt message
Nvidia has a near monopoly over the most powerful AI chips and Huang courts tech execs and world leaders with ease.
Banking tax raid fears hit London lenders' shares ahead of crucial budget
Shares in some U.K. banks fell Friday after reports that the government is considering a higher surcharge on bank profits in the Oct. 28 Budget.

IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid – business live
Rolling coverage of the latest economic and financial news John Healey poised to raise taxes on banks in budget Elsewhere in the markets today, South Korea’s Kospi share index has recorded its biggest weekly loss since October 2008, down 14.5% this week. Although the Kospi did rise today (+2%), it was still a bad week for technology stocks – as investors worried about the borrowing, spending commitments and future profitability of AI companies. The reality is that while companies embraced AI aggressively as it first emerged, now they are figuring out how to use it effectively while keeping AI costs under control. A slowing, more careful, path towards corporate adoption has been missed by the market which remained wildly frothy about valuations. “A UK bank tax risk is now a base case. If it is confirmed on 28 October, it’ll be the size and timing that will be key. If Healey does go ahead,
KFC to switch to Coca-Cola beverages in U.S. restaurants for the first time in decades
KFC is switching from PepsiCo to Coca-Cola as its beverage supplier for U.S. restaurants.

‘We should all be worried’: calls grow to limit London rollout of robotaxis
Protest planned at Wayve HQ as Uber drivers fear for their future and city’s politicians demand TfL should have power over licences For passengers in Britain who want to try the latest ride, robotaxis are eagerly awaited: more than 100,000 are on Uber’s waitlist in London after the first UK services started in September. Others view them with trepidation. “I think we should all be worried,” said Florentina Ghiuzan, an Uber driver from Essex. “I was shocked TfL approved it so soon . I knew change would come. But I thought it would come with a solution for us.” Continue reading...
Nike's India campus is a long-term growth bet amid turnaround
Nike announced earlier this month that it's expanding into India. The retailer has been broadly struggling, especially in the China market.