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Norway's $2 trillion wealth fund was frozen out of major defense companies. That may be about to change
Source: CNBC
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Fed's Warsh withholds rate signal, praises recent global tightening
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Phoenix Suns owner Mat Ishbia predicts team will win opening round playoff series — and the NBA season hasn't even started
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CNBC
Elon Musk cash infusion helps GOP Senate super PAC raise record $273 million
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Europe's answer to SpaceX pops 19% as Ukraine's Starshield limits raise concerns
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The Guardian
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,
CNBC
Tesla unveils long-delayed Roadster, showing off its flying-car ambitions
Elon Musk first debuted the Roadster refresh concept in 2017 but Tesla has since missed every targeted delivery date.