Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid
Bill Ackman, Ronald Lauder, William Lauder, Barry Diller and Dan Loeb have all made large donations to stop Mamdani. So…
Economy
The biggest takeaways from the Trump-Xi meeting — what the truce covers and what is still unclear
President Donald Trump said the rare earths agreement is a one-year deal that will be "very routinely extended as time…
Chipotle stock craters as Wall Street grows concerned after company cuts forecast
At least five Wall Street analysts have cut their price targets for Chipotle shares after the chain's third-quarter earnings report.…
Meta stock drops 10% as heightened AI spending overshadows strong third-quarter results
Meta's results raised skepticism over the payoff from its aggressive artificial intelligence spending plans and overshadowed strong results. ...
SK Hynix, a critical Nvidia supplier, has already sold out chips for 2026 as AI demand booms
SK Hynix posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in…
UBS CEO says strategic investments are paying off as third-quarter profit surges 74%
Swiss banking giant UBS on Wednesday reported stronger-than-expected third-quarter net profit, citing significant momentum in its core businesses. ...
The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect
The easy part for the Federal Reserve this week will be announcing a rate cut when it wraps up its…
Jensen Huang says Nvidia’s AI chips are now being manufactured in Arizona
Previously, Nvidia's fastest GPUs were solely manufactured in Taiwan. ...
Trump says fentanyl tariff cut, ‘farmers,’ Nvidia chips up for discussion with Xi as China confirms meeting
Trump said he expects to lower fentanyl-linked tariffs on China ahead of a much-anticipated meeting with Chinese Xi Jinping in…