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AI & Enterprise

Q3 semiconductors slide, software stocks rise; which stock Jim Cramer says can climb more

U.S. corporate software stocks posted the most notable rebound in the third quarter, CNBC reported, citing Jim Cramer’s review of the market. He said software shares returned to leadership as selling tied to artificial intelligence worries faded. The iShares Expanded Tech-Software Sector ETF rose 17 percent in the quarter, while the iShares Semiconductor ETF fell 11 percent. Cramer highlighted Salesforce and Microsoft and flagged rate hikes as his top concern for the new quarter.

AI & Enterprise

U.S. FTC opens probe into OpenAI, Anthropic to check risks of AI products

The U.S. Federal Trade Commission has opened an investigation into AI companies including OpenAI and Anthropic over potential product risks, CNBC reported. The probe is aimed at examining dangers AI products could cause. An FTC spokesperson confirmed the investigation to CNBC but did not name other companies. The New York Post first reported the probe. OpenAI and Anthropic have faced controversy over safety practices.

Industry

Ford CEO warns of China car push, says Europe is already too late

Ford CEO Jim Farley said the United States should take time and act cautiously on Chinese automakers entering the U.S. market, pointing to Europe where their presence expanded rapidly. He said low prices and long driving ranges are helping Chinese EVs gain share, and he raised national security concerns about data collection. Farley said Ford can both cooperate and compete with Chinese firms, even as U.S. policy remains unsettled.