Business
Running the thing: costs, suppliers, staff and the paperwork.
Today
Israeli software company monday.com surges 81% since April after cutting 20% of staff
Israeli software company monday.com saw its stock climb 80% since April. The company cut 20% of its workforce, about 620 employees. A new voice-based AI agent platform helped drive the recent recovery. The stock rose 6.4% on Friday to trade above $100.
Quest Diagnostics suffers cyberattack exposing patient records in Quanum system
Quest Diagnostics just hit a cyberattack. The testing services company found unauthorized access on Wednesday. Hackers reached certain patient records in its system. Quest paused access to stop further damage. Core business operations are still up and running.
American Express cuts 5% of staff to prepare for artificial intelligence
American Express just cut 5% of its global workforce. The credit card giant is taking a $336 million charge. Executives plan to automate internal processes using new technology. Profits topped Wall Street estimates with $4.68 earnings per share.
Yesterday
Elon Musk is exploring a massive merger between Tesla and SpaceX
Tesla delivered 486,532 vehicles in the third quarter, dropping 2 percent from a year ago. Net income fell 43 percent to $787 million as spending on robots and A.I. climbed. Both boards formed special committees to explore a potential tie-up between Tesla and SpaceX.
SpaceX closes $40 billion debt deal for AI chips, Elon Musk says
Elon Musk just secured forty billion dollars in debt. SpaceX will use the funds to buy artificial intelligence chips. The money arrives in early twenty twenty seven. Starlink revenue keeps the credit rating high.
Apple is preparing to release its first touchscreen MacBook Pro as soon as October
Apple could launch touchscreen MacBook Pro models as soon as October. The new laptops are expected to feature touch-enabled OLED screens. Apple resisted touchscreen Macs for sixteen years before this change. The new models may occupy a more expensive tier above regular laptops.
Amazon, Meta, and Microsoft cut 196,000 jobs in Tech layoffs
Tech companies cut 196,349 jobs in 2026. Amazon, Meta, and Microsoft made massive reductions. Amazon eliminated 16,000 corporate positions. Meta cut staff while boosting artificial intelligence. Microsoft reduced about 4,800 workers.
Nvidia CEO Jensen Huang reaffirms a massive $4 trillion AI spending forecast
Jensen Huang, the head of Nvidia, just doubled down on a massive AI forecast. He expects global data center spending to hit up to $4 trillion a year by 2030. That massive build-out could mean huge gains for the chipmaker's future revenue.
Bill Gates says AI and robots could disrupt labor markets for twenty years
Bill Gates warns AI and robots could disrupt labor markets over two decades. Office jobs like telesales and customer service face growing pressure. Humanoid robots could soon build homes and farm food. Companies may cut costs using intelligent systems and automation.
Bill Gates predicts 20 years of AI turmoil before true abundance
Bill Gates warns artificial intelligence will bring twenty years of heavy job disruption. Telesales, accounting, and blue collar tasks will vanish as robots take over. The massive shift could change work as you know it forever.
Watsco just bought plumbing and HVAC distributor The Granite Group for $500 million
Watsco, the largest heating and air-conditioning distributor in North America, just finished buying The Granite Group. The New Hampshire plumbing supplier brings 82 locations across seven Northeast states. The deal adds $500 million in yearly sales to the Miami buyer.
Foreign buyer snaps up Ashkelon penthouse for NIS 7.5 million
A Foreign resident just bought a massive Ashkelon penthouse. The six-room home sits in Afgad's Breeze project. The price hit NIS 7.5 million after a prior deal fell. That matches the tag from two years ago.
OpenAI just cut its funding valuation target by $150 billion
OpenAI lowered its asking price to $1.25 trillion. Investors pushed back as public artificial intelligence stocks dropped. Microsoft shares fell 2.23 percent to $521 on Thursday. The funding round could reach $30 billion soon.
Amazon $5 billion Nvidia AI server racks sit idle in warehouses
Amazon bought billions in Nvidia AI servers for data centers. The facilities lack enough electricity to turn them on. The equipment sits in warehouses until power is ready. This ties up cash and strains massive data projects.
Eli Lilly weight-loss drug tirzepatide recalled by Apothecary Pharma over sterility
Check your medicine cabinet. Apothecary Pharma just recalled 22 vials of tirzepatide over sterility concerns. The FDA flagged serious production flaws at the North Carolina facility. The recall carries a moderate risk of temporary health issues.
Crypto custody company BitGo goes public on the New York Stock Exchange
BitGo went public on the New York Stock Exchange with a $2.59 billion valuation. The crypto custody company also secured an unconditional national trust charter in December. Regional banks are exploring stablecoins to keep up with industry rivals.
Millions of seniors on Medicare will get a $90 rebate in October 2026
A one-time $90 Medicare rebate is coming this fall. Most standard Part B enrollees living in the U.S. qualify. You do not need to fill out an application. The money arrives automatically by direct deposit or check.
New York HEAP heating aid applications open Nov 2 with higher fuel benefits
New York is reopening the Home Energy Assistance Program on November 2. A family of four qualifies with a gross annual income up to $82,230. Benefits for oil and propane heat have increased by $90 up to $990. Many households enrolled in SNAP will receive assistance automatically.
Airbnb boss Brian Chesky warns pure managers and rigid workers won’t survive AI
Brian Chesky runs Airbnb, the short-term rental giant. He says pure people managers have no future value. Bosses must now stay hands-on with actual work. Workers who refuse to change will also fall behind.
Terreno Realty sells East Rutherford industrial warehouse for $25 million
Terreno Realty Corporation just sold an 86,000-square-foot warehouse for $25 million. The property sits at 180 Manor Road in East Rutherford. The buyer operates nearby and will use it as headquarters. Lee & Associates New Jersey Office arranged the deal.
Ex-PepsiCo CEO Indra Nooyi worked midnight shifts as a Yale receptionist to pay tuition
Indra Nooyi arrived at Yale from India in the late 1970s. She worked from midnight until 5 a.m. To pay for school. Annual tuition then was equivalent to about $20,000 in today money. Her parents told her they could not help her out financially. She later led PepsiCo as chief executive officer.
CMS and states launch $275 million initiative for Nursing home workforce
The Centers for Medicare and Medicaid Services, the federal agency running Medicare and Medicaid, launched a $275 million fund. Nurses can get up to $40,000 for student loans and $10,000 in stipends. You must commit to three years in a qualifying rural or short-staffed facility.
Apple is just $42 billion away from passing Nvidia as world's most valuable company
Apple just hit a record close. Nvidia shed billions in a brutal sector selloff. The gap between them is now $42 billion. Apple needs a gain of about 0.83% to take the top spot. A small move in either stock could flip the order.
Blackstone scores $3.3 billion for 350 Park Avenue tower development
Blackstone just landed $3.3 billion in construction money. The massive tower stands 66 stories tall in Manhattan. Profits dipped 9 percent as higher bond yields hit markets. Higher borrowing costs mean tighter margins for commercial real estate deals.
Florida launches $10M zero-interest emergency bridge loans for small businesses
Florida activated a ten million dollar emergency loan fund with zero interest. Eligible businesses can receive up to one hundred thousand dollars. Borrowers must repay every dollar within a strict twelve-month period. Applications close on November twenty-fifth, 2026.
London Stock Exchange Group buys Octus in $3.5 billion data deal
The London Stock Exchange Group just agreed to buy Octus. The deal is worth about $3.54 billion in external debt. Octus provides financial data on credit markets and distressed companies. LSEG shares rose about 2 percent in early trading.
Goldman Sachs says just 49% of Gen X savers are on track
Goldman Sachs, the giant Wall Street bank, just published a new survey. Only 49 percent of Gen X workers feel ready for retirement. That is the lowest of any living generation today. Fifty-seven percent take side jobs just to pay bills.
NASA engineer turns voiceover side hustle into $227,000 business
Eryn Andrews needed two hundred dollars a month for her daughter. She built a bedroom closet studio for corporate voiceover work. The side hustle brought in two hundred twenty-seven thousand dollars this year. That is a massive return on a simple evening job.
Visa in advanced talks to buy Israeli fintech company Fireblocks for $2.5 billion
Visa is in talks to buy Fireblocks for $2.5 billion. Fireblocks is a digital asset security firm that denies the report. If finished, it would be Visa's second large Israeli deal in months. Visa also agreed to buy BioCatch for $2.4 billion in August.
