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Markets & Money Today | 2 Min News | The Daily News Now!

The Daily News Now!

Stay informed with the latest business, stock market, and finance headlines, updates, and breaking stories delivered daily in quick, engaging episodes. Subscribe!The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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2:18

OpenAI signs $38 billion compute deal with Amazon,...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

OpenAI partners with Amazon Web Services for a $38 billion cloud computing deal, marking a shift from Microsoft and signaling a move towards independence. The agreement will power OpenAI's AI workloads, expand computing power, and support future AI tools. The deal has sparked discussions about OpenAI's potential IPO and the sustainability of current AI infrastructure.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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2:00

Nvidia Can Hit $8.5 Trillion on ‘Golden Wave’ of AI,...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Nvidia shatters records, becoming the first company to surpass a five trillion dollar market value, with analysts predicting even higher growth due to its dominance in AI and expanding applications across industries. The company's stock price has surged over fifty percent since January, and its massive order backlog and innovative technology have boosted price targets to unprecedented heights. As Nvidia prepares to announce its latest quarterly results, the tech industry's investment in AI projects

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1:46

Cisco launches localized computing device to handle...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Cisco Unified Edge: A Game-Changer for AI in BusinessesCisco Systems has unveiled a new device, Cisco Unified Edge, designed to revolutionize AI for businesses. This platform brings powerful computing tools closer to where data is generated, improving speed and efficiency. By handling AI tasks on-site, it addresses network traffic issues and provides real-time insights for frontline staff in retail, manufacturing, and healthcare. With advanced computing power from Intel and a partnership with

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1:59

Larry Summers said the best thing about the Trump-Xi...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Former Treasury Secretary Larry Summers praises the recent US-China summit in Busan, highlighting the absence of chaos and major confrontations. Despite initial concerns, the leaders agreed on key steps, including reduced tariffs on fentanyl-linked goods and increased trade in soybeans, sorghum, and rare earth minerals. While sensitive topics like technology competition were left off the agenda, the pause on 'reciprocal' tariffs for another year offers breathing room. The overall sentiment is one of

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1:46

Pfizer files second lawsuit against Metsera, Novo...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Pfizer sues Metsera and Novo Nordisk over alleged plot to block competition in weight loss drug market. Pfizer, facing declining COVID revenues and expiring patents, is counting on Metsera's potential $5 billion drugs to enter the $150 billion obesity market. Novo Nordisk's attempt to buy Metsera is accused of being a move to stifle competition, with Pfizer filing two lawsuits to stop the deal.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more

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1:27

One-time meme stock Beyond Meat falls 8% after...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Beyond Meat's Stock Takes a Hit: Delay in Earnings Report & Impairment ChargeBeyond Meat's stock plummeted on November third after the company postponed its third-quarter financial results. The delay is due to a need for more time to assess a significant non-cash impairment charge related to some of its long-lived assets. The stock, which had previously surged to nearly eight dollars, dropped around eight percent in early trading, landing at about one dollar and fifty-two cents. Investors are

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2:29

CG Q3 Deep Dive: Diversification and Credit Momentum...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Carlyle Group's Q3 earnings disappointed Wall Street with a 12% drop in sales and missed profit expectations. The private equity firm attributed the shortfall to fewer exits and unpredictable market conditions. However, its credit and secondary investment platforms performed well. Despite mixed feelings among investors, Carlyle's global wealth management division had its best fundraising quarter ever. The company plans to expand in credit, direct lending, and insurance, and has raised $800 million

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2:40

EIG Q3 Deep Dive: Reserve Strengthening and...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Employers Holdings, a workers' compensation insurance company, reported mixed Q3 results with a 7% revenue increase but a larger loss than expected. The surge in cumulative trauma claims in California led to a $38 million reserve increase. Despite the setback, the company is tightening underwriting standards, expanding into new markets, and boosting shareholder returns. Investors and industry watchers will monitor the company's strategies to restore confidence and balance risks.The Daily News Now! —

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1:59

Britain is doomed under Starmer and Reeves, says...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Ryanair's CEO, Michael O'Leary, warns of a grim economic future for Britain under Labour's leadership, particularly due to their tax hike policies. He criticizes Labour's top leaders, Keir Starmer and Rachel Reeves, for their approach to air passenger duty increases, which he believes hurt the travel industry and could slow down the country's growth. As the government prepares to fill a £30 billion budget gap, O'Leary warns that further tax hikes could push jobs and companies out of the UK, making

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2:31

MTZ Q3 Deep Dive: Diversification Drives Growth Amid...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

MasTec, a leading infrastructure construction company, reported robust Q3 2025 results, with revenue surging 22% to nearly $4B, exceeding analyst expectations. The company raised its full-year outlook and profit forecast, driven by strong performance in Communications, Clean Energy, and Pipeline Infrastructure. Despite steady operating margins, MasTec faces challenges in managing rapid expansion and potential risks like permitting delays and supply chain disruptions. Investors are closely watching

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2:16

RGA Q3 Deep Dive: Strong Revenue Growth Offset by...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Reinsurance Group of America's Q3 results show mixed performance: strong revenue but disappointing profits. The company's sales increased by 9% year-over-year, surpassing analysts' predictions. However, adjusted profits fell short of expectations due to higher claim payouts in the U.S. traditional business and lower variable investment earnings. Despite the profit miss, investors remain optimistic about RGA's growth, particularly in Asia, Europe, and the U.S. The company's recent deals, such as the

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2:39

FHI Q3 Deep Dive: Strong Money Market and MDT...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Federated Hermes' Q3 results show a 15% sales increase, reaching nearly $470 million, with profits of $1.34 per share, surpassing expectations. Growth in money market funds and MDT equity strategies drove this success. The company's assets under management, particularly in money market funds, have reached record levels, attracting new clients during market volatility. The MDT strategies have also gained significant investments, with a new MDT equity fund in Dublin already securing hundreds of

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2:32

TBBK Q3 Deep Dive: Fintech Initiatives and Cost...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

The Bancorp's Q3 results disappointed Wall Street, with sales growth of 40% and profits falling short of expectations. The company's stock plummeted 15% following the announcement. Management attributed the softer results to lower balances in traditional lending and higher loan losses, particularly in their leasing portfolio. In response, The Bancorp is shifting focus away from institutional banking and doubling down on fintech partnerships, such as embedded finance and digital payment programs. The

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2:36

SXI Q3 Deep Dive: Acquisitions, New Products, and...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Standex's Q3 2025 results showcase a robust performance with a 28% sales increase and beating earnings expectations. However, stock dips due to ongoing challenges like core segment shrinkage and plant closures. Despite these, Standex is expanding into fast-growth markets, investing in new facilities, and launching new products, aiming for long-term gains amidst global market shifts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more

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2:20

Is Big Tech’s soaring AI spending creating a bubble?...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

As tech stocks soar, reaching record highs, investors grapple with the question: Is this a sustainable rally or a market bubble? With Big Tech companies like Microsoft, Amazon, Meta, and Alphabet investing heavily in AI, the sector now accounts for over a third of the S and P 500. While supporters see growth potential, skeptics warn of overvalued stocks and dot-com crash parallels. The market's dependence on tech, uncertain interest rate cuts, and trade relations add to the uncertainty. As we await

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2:06

Fed's Miran says he can't base policy stance on...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Federal Reserve officials clash over interest rates, with Governor Stephen Miran advocating for larger cuts to avoid an economic downturn, while Kansas City Fed President Jeffrey Schmid focuses on inflation. Miran argues that financial market strength doesn't necessarily indicate a healthy economy, and that underlying interest rates have been pulled lower by demographic shifts. As the debate intensifies, more officials are set to weigh in, with significant implications for borrowers, businesses, and

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2:18

IR Q3 Deep Dive: Tariffs and Delayed Pricing Weigh on...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Ingersoll Rand's Q3 earnings met expectations, but investors were spooked by tariff impacts and delayed price increases. The company lowered its full-year profit guidance and reported a slight dip in organic revenue. Despite cost-cutting moves and acquisitions in tech and life sciences, near-term profitability concerns persist. Ingersoll Rand aims to recover margins by the second half of next year as pricing changes and cost savings take effect.The Daily News Now! — Every city. Every story

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2:08

Why Target stock is hovering near a 52-week low...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Target's holiday season struggles continue as its stock price plummets, lagging behind competitors like Walmart. The company's in-store operations and online sales performance have been lackluster, with a significant drop in store sales and slower online growth. The appointment of Michael Fiddelke as the new CEO and a large workforce reduction have not boosted confidence. With consumers tightening their wallets and rising prices, Target faces an uncertain future as it prepares to share its

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1:54

IRadimed: Q3 Earnings Snapshot

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

IRadimed Corporation, a leading provider of MRI-safe IV devices, reported strong third-quarter earnings, with a profit of $5.6 million and revenue of $21.2 million. The company's financial performance is encouraging, with a projected earnings per share range of $0.47-$0.51 and total revenue expected to exceed $82.5 million for the full year. IRadimed's specialized medical technology is essential for patient safety in MRI environments, and its optimistic outlook suggests it will continue to meet the

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1:48

Kimberly-Clark to buy Kenvue, maker of Tylenol, in...

Markets & Money Today | 2 Min News | The Daily News Now! ·

2025/11/03

Kimberly-Clark, the maker of Kleenex and Huggies, is acquiring Kenvue, the company behind Tylenol and other health brands, in a $48 billion deal. This merger combines two industry giants, aiming to create a global leader in health and wellness. Despite recent controversies and leadership changes, both companies assure customers that products and prices will remain the same. Analysts predict new products and improved support for consumers worldwide.The Daily News Now! — Every city. Every story

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