Newscasts - The Week in Numbers: gold dazzles, Ferrari sputters

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10/10/2025 11:04

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Source: 'Reuters - Business videos'

Description: From dazzling gold prices to what took the shine off Ferrari's electric tech unveiling, we round up the top stories in business and finance over the week to October 10. Ciara Lee reports. 

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Video Transcript:

From how gold dazzled investors to what took the shine off Ferrari's electric reveal, this is the Week in Numbers. $4,000 an ounce was the new record for gold prices. Bullion is considered a safe haven, which investors seek out at times of increasing global uncertainty, and there's no shortage of that right now, according to Reuters metals and mining expert Veronica Brown.

I think an awful lot of what we're seeing is about fear right now. If you think about gold as a mirror onto the rest of the world, you could really describe it as being the sum of all fears, whether they be geopolitical or economic. You can feel there's a lot of angst around what the trajectory is for the dollar, what's going on with interest rates, the impact of tariffs, higher prices that will lead to inflation, and that makes the task of central banks when they're trying to balance inflation risks against interest rates particularly hard.

$5.4 billion is the amount SoftBank has agreed to pay for the robotics business of Swiss engineering group ABB. The Japanese investor is forging ahead with a strategy to fuse robotics and artificial intelligence. It's the latest move by SoftBank as it seeks to become a core player in the development of AI. The $36 billion bid from snacks giant Mars for Kellanova could be about to clear a major hurdle. Sources have said the European Union will give unconditional antitrust approval. The deal, among the biggest in the sector would bring together brands from M&Ms and Snickers to Pop-Tarts and Kellogg's cereals. 12,260 is now the number of Airbus A320s delivered since the type began service just under 40 years ago. That means the European jet maker just hit a major milestone. It's A320 family of planes has overtaken the Boeing 737 to become the most delivered jetliner in history. And 16% was the drop for Ferrari shares amid disappointment over the luxury carmaker's new long term financial targets. The share price drop wiped nearly $15.7 billion off the firm's market capitalization. That took the shine off the unveiling of the technology behind its first electric car. The automaker set a revenue target of around $10.4 billion for 2030, a less ambitious figure than the market had been hoping for.