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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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1:29

Estée Lauder's Global Beauty Expansion

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

2025/12/05

Estée Lauder plans to grow its business by creating new brands, targeting younger customers, and tailoring products to diverse cultural needs. The company aims to capture a larger share of the beauty market, focusing on the emerging middle class in regions like the Americas and other developing markets. Estée Lauder remains committed to its strong presence in China while exploring new opportunities and maintaining existing successes. This strategy reflects a broader trend in the beauty industry, as

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1:48

Hassett vs. Bessent: Tariffs & Debt

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

2025/12/05

Kevin Hassett and Scott Bessent present contrasting views on tariffs impact on national debt, with Hassett suggesting theyre helping reduce it, while Bessent sees them as a short-term solution. The Congressional Budget Office reports a one trillion dollar reduction in debt savings, largely due to trade changes. Budget watchdogs question Hassetts claim of spending restraint, as the national debt grew by one trillion dollars in two months. The Supreme Court is examining the Presidents use of emergency

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1:59

Coffee Prices Rise on Brazil Weather, Real Strength

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

2025/12/05

Coffee prices experienced a slight uptick today, driven by favorable weather forecasts and a stronger Brazilian currency. However, potential downward pressure comes from increased production estimates in Brazil and a delay in the EUs deforestation law, which could keep global coffee supplies high. Additionally, Vietnam, the worlds largest robusta coffee producer, is expected to increase exports, further contributing to a well-supplied market.The Daily News Now! — Every city. Every story. AI-powered

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1:56

BMO Focuses on Organic Growth in US

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

2025/12/05

BMO Financial Group, a Canadian bank, is prioritizing organic growth in its U.S. business over large acquisitions. CEO Darryl White emphasized this strategy during a recent earnings call, aiming to improve return on equity. BMO has been restructuring its U.S. operations, selling off less profitable ventures and investing in talent, technology, and branch network expansion. They plan to sell underperforming branches and open new ones in high-growth markets, a strategy that has already yielded

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2:06

Crude Oil Prices Rise Amidst Geopolitical Tensions

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

2025/12/05

Crude oil and gasoline prices see a slight uptick due to a weaker US dollar and ongoing geopolitical tensions, particularly the Ukraine conflict. Saudi Arabias Aramco cuts prices for Asian customers, signaling potential weakening demand. Russias oil exports are impacted by attacks and reduced shipments, supporting current prices. OPEC Plus plans to pause production increases, despite a predicted global oil surplus. The market remains watchful as crude oil storage on tankers reaches a near

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1:33

Mizuho & Bank of America Bullish on Nvidia

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

2025/12/05

Mizuho Securities and Bank of America predict a significant increase in Nvidias stock value, with Mizuho setting a price target of $850 and Bank of America at $925. This optimism is driven by Nvidias strong position in the AI sector, particularly its data center business, and the high demand for its GPUs. Nvidias shares have already surged by over 70% this year, reflecting investor confidence. The upcoming earnings report on May 22nd will be closely watched to see if Nvidia meets these high

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1:40

Meta Cuts Metaverse Spending, Shifts Focus to AI

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

2025/12/05

Meta Platforms stock surged by $93 billion after CEO Mark Zuckerberg announced significant spending cuts on the metaverse division, potentially leading to job losses. Zuckerberg has shifted focus to AI, investing $600 billion in data centers and launching AI chatbots and video generation apps.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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1:55

AI Race: Google's Alphabet Outpaces Nvidia

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

2025/12/05

The AI race is heating up, with the US and China vying for dominance, and ChatGPT facing stiff competition from Googles Gemini. OpenAIs user base has dwindled, causing concern for investors. Despite this, Googles Alphabet has seen a remarkable 66% stock increase, driven by strong cloud and search performances, an antitrust win, and potential AI chip sales. Some analysts suggest it might be a good time to hold, rather than buy more, due to the stocks valuation.The Daily News Now! — Every city. Every

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2:04

CNBC Partners with Kalshi for Real-Time Prediction Data

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

2025/12/05

CNBC partners with Kalshi, a prediction market company, for a multi-year agreement. Starting 2026, real-time probability data from Kalshi will be featured on CNBCs television broadcasts and digital platforms. Kalshi, which allows users to trade contracts on real-world event outcomes, secured similar deals with CNN. This collaboration highlights Kalshis expansion into media and growing interest in prediction market data. CNBC plans to incorporate exclusive market insights from Kalshi into popular

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1:57

FCC Approves AT&T's Spectrum Purchase, DEI Programs...

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

2025/12/05

AT&Ts acquisition of UScellulars wireless spectrum licenses, valued at over one billion dollars, has been approved by the FCC. This deal, along with similar moves by T-Mobile US and Verizon Communications, reflects a growing trend of telecom companies ending their DEI programs to secure regulatory approval. The FCCs stance aligns with the current administrations policies, but critics argue that such consolidation harms competition and may lead to higher prices for consumers, particularly in rural

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2:05

Bank of America Embraces Crypto: Advisors Can Now...

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

2025/12/05

Bank of Americas wealth advisors will soon be able to recommend cryptocurrency investments to clients, marking a significant step towards institutional acceptance of digital assets. This move, which includes the recommendation of crypto exchange-traded products, is expected to expand the role of advisors beyond just executing crypto orders. While many investors prefer holding crypto through ETFs and ETPs due to their liquidity, security, and regulatory compliance, its important to note that crypto

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1:47

Bitnomial Launches Spot Crypto Trading in U.S.

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

2025/12/05

Bitnomial, a crypto exchange under CFTC supervision, to launch spot crypto trading in the U.S., marking a significant milestone for the crypto industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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1:59

Stock Markets Mixed: Dollar General Soars, Meta...

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

2025/12/05

Stock markets had a mixed day, with technology stocks thriving and consumer goods companies facing challenges. The Dow dipped slightly, while the S&P and Nasdaq edged up. Dollar Generals stock surged by nearly twelve percent after strong earnings, and Meta Platforms shares jumped by four percent following plans to cut metaverse spending. Krogers stock fell by six percent due to disappointing sales, and Intels stock sank by six percent after retaining its networking segment. Oil and gold futures

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1:46

Harvey AI Raises $160M, Valued at $8B

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

2025/12/05

Harvey, a legal AI startup, secures $160M in funding, valuing it at $8B. This follows a series of successful funding rounds, with investments from Andreessen Horowitz, Sequoia, and others. Harveys language model capabilities make it a strong fit for the legal field. The companys rapid growth and early customer acquisition have positioned it as a leader in the market, with founder Winston Weinberg sharing insights on its initial success.The Daily News Now! — Every city. Every story. AI-powered

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1:49

Meta Cuts Metaverse Spending, Focuses on AI

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

2025/12/05

Meta Platforms, formerly Facebook, plans to cut metaverse project spending by up to 30%, causing a surge in stock prices. The company, which changed its name four years ago to reflect its metaverse ambitions, is now shifting resources towards AI initiatives. The reported cuts, which could include layoffs, are due to lack of progress and competition in the metaverse space. The European Commission is also evaluating a new Meta policy that could block AI companies from reaching users directly through

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1:50

Retail Comeback: Nostalgia Brands Soar in Stock Market

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

2025/12/05

Nostalgia and Strong Business Strategies Fuel Retail Comeback: Iconic Brands See Significant Stock GainsThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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2:24

Battery Recycling Market Booms

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

2025/12/05

The global battery recycling market is projected to surge from $23.29 billion in 2021 to nearly $78 billion by 2032, driven by the shift to electric vehicles and renewable energy. However, the industry faces challenges such as price fluctuations and infrastructure development. The circular battery economy, crucial for national security due to limited raw material supply, is expected to grow by over 16% annually. By 2030, 1.4 million tons of electric vehicle battery waste will enter the recycling

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1:56

BNPL: The Hidden Debt Trap

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

2025/12/05

Buy now, pay later (BNPL) is gaining popularity, especially during holidays, allowing consumers to split purchases into smaller payments. Adobe Business predicts over $10 billion in holiday spending will use BNPL, a 9% increase from last year. However, concerns arise about shadow debt as each BNPL purchase is a separate loan, making it challenging for consumers to manage finances. Six states, including California, are investigating BNPL providers like Affirm, Klarna, and PayPal. Experts advise

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1:56

Nvidia's Huang: Fear Drives Success

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

2025/12/05

Jensen Huang, Nvidias CEO, reveals his persistent fear and anxiety, despite the companys success. He admits to working tirelessly, driven by a near-collapse in the nineties and a desire to avoid failure. Huang believes suffering is essential for resilience and appreciation, even wishing for his children to experience adversity.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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1:54

New Federal Loan Limits for Students

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

2025/12/05

Big changes are coming to federal student loans, specifically impacting Parent PLUS and graduate student loans. The One Big, Beautiful Bill Act will set stricter borrowing limits, but only for new borrowers starting in the fall of 2026. Existing borrowers and those starting before the cutoff will continue under existing rules. Parent PLUS borrowers will face a yearly limit of $20,000 per child, with a total cap of $65,000. Graduate students will no longer be able to take out PLUS loans, and

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