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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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2:33

The Perfect Storm: Why freight brokerages face a wave...

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

2025/11/03

Freight Industry Faces Crisis: Spot Rates Rise, But Profits PlummetThe freight industry is grappling with a severe downturn, as freight volumes plummet and spot rates gradually increase. This unfavorable combination is causing significant challenges for freight brokers, who earn profits from the difference between what they charge shippers and what they pay carriers. The market is becoming increasingly competitive due to the scarcity of goods, and recent federal crackdowns have eliminated the least

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2:00

Stock market today: S&P 500, Nasdaq jump to kick off...

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

2025/11/03

Wall Street kicks off November with a bullish start, as tech stocks drive market gains. Amazon and Nvidia lead the charge, boosting the S&P and Nasdaq. Earnings season continues, with Palantir, Super Micro, and AMD set to report. Meanwhile, Kimberly-Clark's acquisition of Kenvue creates a new health and wellness powerhouse. However, Washington's government shutdown and Supreme Court's tariff hearing cast a shadow of uncertainty over the market.The Daily News Now! — Every city. Every story

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1:46

OpenAI and Amazon sign $38B deal for AI computing power

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

2025/11/03

**Summary:**OpenAI, the creator of ChatGPT, and Amazon have joined forces in a $38 billion deal, leveraging Amazon's cloud computing power to enhance OpenAI's AI systems. This partnership grants OpenAI access to thousands of Nvidia chips via Amazon Web Services, marking a new era in AI collaboration. OpenAI also ended its exclusive partnership with Microsoft, paving the way for Amazon to play a more significant role. Simultaneously, regulators approved OpenAI's new business structure, enabling it to

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1:58

People without kids should make this money move...

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

2025/11/03

On November third, we're exploring a crucial topic for many: who will make decisions for you if you can't? For those without children or unconventional families, proactive planning is vital. Without a clear next-of-kin, healthcare providers or government officials may step in, deciding on life support, medical care, or even pet care. Choosing someone to handle your affairs can be complex, with potential conflicts of interest and trust issues. Some opt for professional fiduciaries, while others build

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2:27

onsemi (NASDAQ:ON) Q3 Sales Beat Estimates, Inventory...

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

2025/11/03

Onsemi's Q3 2025 earnings beat Wall Street expectations with $1.55 billion in revenue and adjusted earnings per share of $0.63. Despite expectations of flat revenue and profit in Q4, inventory days outstanding dropped, indicating a reduction in excess product. However, inventory days are still above the five-year average, and market analysts predict flat growth over the next year unless there's a significant demand surge from tech shifts. Onsemi's future growth hinges on its product adjustments and

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2:24

Earnings live: Berkshire Hathaway profits rise,...

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

2025/11/03

Earnings Season Buzz: AI-Driven Companies Deliver Strong Results, Despite VolatilityThe 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

Eni and Petronas Forge Major Southeast Asia Upstream...

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

2025/11/03

**Summary:**Eni and Petronas form a new joint venture, NewCo, to manage oil and gas operations in Indonesia and Malaysia. The companies plan to invest $15 billion over five years, aiming to increase daily production from 300,000 to over 500,000 barrels and explore up to 10 billion barrels of new resources. This strategic partnership showcases Eni's unique approach to international oil projects and sets the stage for a significant presence in Southeast Asia's energy market.The Daily News Now! — Every

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2:14

LG founder’s grandson, production firm partner up to...

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

2025/11/03

Revolutionizing Entertainment: A New AI-Powered Venture - Two companies, Stock Farm Road and Utopai Studios, have joined forces to create Utopai East, a joint venture aimed at building the necessary computing infrastructure for AI-driven film and television production. With AI tools becoming increasingly important in entertainment, this partnership promises to provide the creative industry with the power it needs to keep pace with technology. The first projects are set to be produced using existing

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1:48

Pagaya, Castlelake reach deal for up to $500 million...

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

2025/11/03

In a major auto loan shakeup, Pagaya Technologies, an AI-driven lending platform, partners with Castlelake, a private credit manager, to sell up to $500 million in auto loans. This forward flow agreement allows Pagaya to continue lending while reducing risk, and Castlelake gains a steady stream of new auto loans. Despite recent auto sector bankruptcies, Pagaya's data-driven approach and new capital from Castlelake position them for continued growth in the unpredictable lending market.The Daily News

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2:05

Microsoft inks $9.7B deal with Australia’s IREN for...

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

2025/11/03

Microsoft secures a $10 billion contract with Australia's IREN for AI services, utilizing Nvidia's GB300 GPUs. This deal expands Microsoft's AI capabilities, enhancing performance and reliability for Azure users. Microsoft also recently signed a similar agreement with Nscale, further expanding its global AI reach.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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2:04

Russia tries to re-stake its claim to China after...

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

2025/11/03

Russia and China strengthen ties amid Western pressure and Ukraine conflict. High-level talks in Hangzhou result in agreements across trade, energy, agriculture, transportation, and space exploration. Both governments emphasize unity and support, with Russia highlighting its strongest alliance with China, despite ongoing sanctions and Western pressure.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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1:38

Hedge fund Millennium sells 15% stake to select...

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

2025/11/03

Big News: Millennium Management Sells Stake to Top InvestorsIn a surprising move, Millennium Management, a major hedge fund founded by billionaire Israel Englander, sold a fifteen percent stake to a group of its biggest institutional investors. This deal, facilitated by Goldman Sachs' Petershill Partners, marks a rare opportunity for outside owners to invest in the fund, which manages over seventy-nine billion dollars and is known for trading stocks, bonds, and commodities worldwide. The sale could

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2:07

Strong demand for iPhone 17 base model continues By...

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

2025/11/03

The iPhone 17 base model is making waves as Apple's best-performing smartphone yet, outshining other versions across major markets. Despite a drop in demand for the iPhone 17 Air in Hong Kong, wait times for the base model in the US have increased, now sitting at about thirteen days. Apple is adjusting production, cutting the iPhone 17 Air by four million units but boosting orders for other versions, particularly the higher-end models. The stability of prices for the Pro and Pro Max versions,

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1:34

ECB’s Kocher says wait-and-see approach best before...

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

2025/11/03

ECB's Martin Kocher: Waiting for More Data on Interest RatesAs the year draws to a close, investors and analysts in Europe are eagerly awaiting the European Central Bank's decision on interest rates. Martin Kocher, head of the Austrian National Bank and a key ECB voice, has shared that it's too early to make firm calls on rates ahead of the December meeting. He emphasizes the importance of waiting for more data, with several key economic indicators expected in the coming weeks. While the ECB feels

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2:04

T. Rowe Price stock ticks up after COO departure,...

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

2025/11/03

T. Rowe Price's COO, Kimberly Johnson, is stepping down, making way for Ramon Richards to lead the new Technology, Data, and Operations team. This shift signifies the firm's commitment to digital efficiency and data-driven decision-making. Analysts respond positively, with adjusted price targets, as T. Rowe Price positions itself to stay competitive in the evolving financial landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more

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1:54

Amazon jumps 5% after AWS and OpenAI announce $38B...

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

2025/11/03

Amazon and OpenAI's $38 Billion Partnership: A Game-Changer for AIAmazon's stock surges as its cloud division, AWS, partners with OpenAI for a $38 billion, seven-year deal. OpenAI gains access to Amazon's powerful servers and CPUs, accelerating AI advancements. The collaboration, which began earlier this year, deepens connections with businesses already using OpenAI's tools through AWS. The new infrastructure is expected to support next-gen AI technologies, making AI more accessible globally. Fully

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2:21

IceCure Medical stock jumps after cryoablation study...

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

2025/11/03

**Summary:**IceCure Medical's cryoablation technology is making waves in the medical community after a promising study showed it significantly improved survival rates for early-stage lung cancer patients. The combined treatment of cryoablation and radiation therapy resulted in a 74% five-year overall survival rate, a substantial improvement over radiation therapy alone. Additionally, 93% of patients experienced full local control of their cancer, and 92% survived without dying from the disease. With

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1:53

ON Semiconductor posts strong Q3 amid AI demand By...

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

2025/11/03

ON Semiconductor exceeded Wall Street expectations with a $1.55 billion revenue and adjusted earnings per share of $0.63 in Q3. The company predicts Q4 revenue between $1.48 and $1.58 billion and earnings per share between $0.57 and $0.67. The strong performance is attributed to stabilizing AI chip market and new demand from AI-focused industries like automotive and manufacturing. ON Semiconductor is expanding its energy-efficient chip lineup to stay competitive in the smart and connected devices

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2:02

Alexander's: Q3 Earnings Snapshot

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

2025/11/03

Alexander's Incorporated, a real estate investment trust, reported its third-quarter results, showing funds from operations of nearly fifteen million dollars, or two dollars and ninety-one cents per share. While net income was six million dollars, or one dollar and sixteen cents per share, total revenue reached fifty-three point four million dollars. Shareholders see a mixed bag, with ten percent growth since January but a slight dip of over two percent in the past year. As real estate trends shift

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2:09

Microsoft Gets U.S. Approval to Export Nvidia Chips...

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

2025/11/03

Microsoft secures U.S. approval to send Nvidia chips to UAE, aiming to boost AI technology and the region's role in the global AI race. Microsoft plans to invest $8 billion over four years in the Gulf state, focusing on cloud computing, data centers, and AI projects. The deal, involving other tech giants, has sparked excitement on Wall Street, but some security experts raise concerns about the UAE's ties with China.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See

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