Newscasts - The Week in Numbers: soaring stocks on Fed cut hopes

Bullish

15/08/2025 13:09

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Source: 'Reuters - Business videos'

Description: From the record numbers in global stocks markets to why Norway has stayed loyal to the Tesla brand, we round up the big stories in business and finance. Lauren Anthony reports. 

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Video Transcript:

From global stocks soaring high to why Norway feels no Tesla shame. This is the Week in Numbers. 954.21, a fresh high for the MSCI All Country World Index as global shares soared to record highs. It's on expectations of a US rate cut which has buoyed demand for riskier assets. Japan's Nikkei stock set a fresh peak, and bitcoin reached a record $124,000. Investors are pricing in a 0.25 percentage point cut in September. A $34.5 billion all-cash offer came from Perplexity AI for Alphabet's Chrome browser. A bid far above its own valuation. The startup is reaching for the browser's billions of users pivotal to the AI search race. OpenAI, Yahoo, and private-equity firm Apollo Global Management have also expressed interest in Chrome as regulatory pressure threatens Google's grip on the industry. $13 billion is what crypto exchange operator Bullish was valued at after its shares more than doubled in their NYSE debut. It lifts prospects for future US listings by other digital asset firms. The parent of crypto news website CoinDesk raised over $1 billion in its IPO, valuing the company at $5.4 billion. It's yet another sign of mainstream adoption in a market that recently topped $4 trillion. Tesla sales in Norway in July rose 83%, massively bucking the trend among most other European countries where sales continue to fall. Anger at Elon Musk's right-wing politics has provoked acts of vandalism against Tesla cars and dealerships in recent months, but not in Norway.

Driving a Tesla, owning a Tesla.

Oyvind Solberg Thorsen is head of the country's road federation.

In the beginning of this year, everybody talked about the Tesla shame. We actually warned about that and said that we have to look at the car sales for the first quarter in order to establish if it is a Tesla shame in Norway or it isn't. And we were actually right. There isn't a Tesla shame in Norway, not as we see it in other countries.

In the first half of this year, Tesla sales plunged by half or more in Germany, Sweden, Denmark, and the Netherlands. But in Norway, Tesla has bred brand loyalty that's insulated against blowback.