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Tesla profits plunge 29 percent to $787 million as robot spending surges

Tesla just reported net income dropped to $787 million as spending surged on AI. Automotive revenue fell 3% to $20.56 billion in the quarter. Capital expenditures more than doubled from a year earlier to $3.73 billion.

Jewish billionaire Mark Zuckerberg says 10 million use Meta Muse AI agent

Over 10 million people used Meta Muse in six weeks. Demand forced Meta to work with Stripe to raise credit limits. One quarter of adopters use the shopping agent daily. Average purchase size tops $200 per transaction.

Trader Joe's reveals exact addresses for two new New Jersey stores

Trader Joe's, the neighborhood grocery store chain, just revealed two new spots. They are opening at 55 Hudson St. In Jersey City. Another is coming to 457 Mount Pleasant Ave. In West Orange. Openings usually follow within three to six months. New Jersey currently has 20 stores across the state.

SpaceX hits $4.4 billion profit and Tesla merger talk lifts stock markets

Wall Street finished higher on Wednesday as tech stocks bounced. SpaceX posted a first public profit of $4.4 billion. The Nasdaq gained 1.05 percent to close at 26,702.86.

Elon Musk reportedly invests about $1 billion in Skydance

Elon Musk just put about $1 billion into Skydance. The giant new studio faces a massive debt burden. The funding comes as co-CEOs merge major film units. They plan deep cuts across two huge streaming platforms.

Moderna reveals full Phase 3 data for its customized mRNA melanoma vaccine

Moderna shares a new melanoma vaccine trial. The biotech company built an mRNA shot for tumors. The study met goals with Merck and Keytruda. Doctors will review the full data in Madrid.

Elon Musk says training Tesla's Optimus robot is like raising a toddler

Tesla is building 20,000 humanoid robots at its factory. Elon Musk compared training the machines to raising a toddler. The robots must learn tasks by watching people and practicing. Tesla plans to begin delivering the robots by next year.

Elon Musk could get $110 billion richer from a Tesla and SpaceX merger

Elon Musk could gain over $110 billion from a Tesla and SpaceX merger. Special committees are examining the possible deal now. Musk could unlock 286 million shares ahead of schedule. The final terms are not decided yet.

Amazon just announced 300,000 holiday hires with first-day healthcare

Amazon is hiring 300,000 seasonal workers for the holidays. Seasonal staff will get healthcare coverage on day one. Workers earn an average of $20 an hour.

Florida small businesses have until Nov 4 to apply for federal disaster loans

Small businesses in 21 Florida counties face an upcoming deadline. You have until Nov 4 to apply for federal disaster loans. The funds help businesses hit by frost and high winds earlier this year. Contact the SBA National Support Network Center to get your application started.

Walmart just finalized its Vibe.co purchase as retail giants race into AI shopping

Walmart just finalized its Vibe.co purchase for about $1.4 billion. The deal connects streaming TV ads directly to store purchases. Amazon just hit a $3 trillion valuation milestone this week. Both retail giants are racing to build AI shopping assistants.

Related secures $750 million loan to refinance Manhattan Plaza and extends Section 8

Related Companies just refinanced Manhattan Plaza with a $750 million loan. Wells Fargo, the major bank, provided the money for the huge property. The deal also locks in Section 8 housing for another 20 years. Rents will stay affordable for local artists and musicians living there.

IRS gives Florida taxpayers until February 8, 2027 to file returns

Florida taxpayers get relief after Hurricane Isaias. You now have until February 8, 2027 to file returns and pay. Twenty-seven counties qualify automatically for the extension. Others can call the IRS Special Services line. Check if your business is in a covered area.

Meta ordered to pay $25 billion penalty over Cambridge Analytica case

A New Mexico judge ordered Meta to pay $25 billion. The massive penalty follows a deceptive trade practices trial. A jury found the tech giant committed nearly 50 million violations. Meta called the ruling an impossible tax on speech. The company plans to appeal the decision.

Warren Buffett's Berkshire Hathaway hits record high as Greg Abel deploys $21.3 billion

Berkshire Hathaway Class B shares just hit a record high of $543.06. New CEO Greg Abel deployed over $21.3 billion in less than a year. Investors are cheering his moves after Warren Buffett stepped down. That means confidence is returning to the massive holding company.

Elon Musk offers SpaceX employees 20% extra pay to build Memphis supercomputers

SpaceX is offering employees a 20% pay bump. They must move to Memphis for six weeks. Volunteers will help build massive data centers. Elon Musk leads the private rocket and satellite company. Travel expenses and logistics are fully covered.

Elon Musk says AI rivals are hounding SpaceX to rent its compute

SpaceX chief Elon Musk is facing relentless demand for computer power. AI rivals want to rent the company spare processing capacity. Musk says demand is so high they could rent it out several times over. Half the capacity stays inside for Grok and coding startups.

Jamie Dimon warns of 5 economic threats facing the U.S.

Jamie Dimon, the head of JPMorgan Chase, warns of five economic threats. Large deficits, sticky inflation, and high rates threaten U.S. growth. Inflation hit 3.7% in September, beating economists’ forecasts. The federal budget deficit reached roughly $2 trillion for the year.

Elon Musk just promised 72 million SpaceX shares to every kid in America

Anthropic could file for the biggest stock market debut ever

Anthropic, the artificial intelligence company, could file to sell stock to the public as soon as Friday. The deal could become the largest public stock debut in history.

Nvidia unveils 14-day AI factory containers as Jensen Huang pushes Europe

Nvidia just launched a modular AI factory design called DSX POD. It cuts setup time at a prepared site down from six months to 14 days. Dell Technologies and other partners will deliver the units worldwide in early 2027.

Nvidia CEO Jensen Huang says data center builders must be good neighbors

Nvidia chief Jensen Huang warns data center builders to partner with local towns early. New York just placed a one-year freeze on new data centers over grid strain. Texas also paused new connections while studying power use and noise limits.

AI companies are offering $2 million for everyday office data

AI companies are offering up to $2 million to buy everyday office data like emails and spreadsheets. Brokers are sweeping up old Slack messages, PowerPoints, and inbox files to train computer models.

Bankrate reveals first-time homebuyer grants offer up to $30,000 for down payments

Bankrate, the financial services company, published a Guide on first-time homebuyer grants. Grants offer between $2,500 and $30,000 for your down payment. You never pay back the money if you move. Much of the money marketed as a grant is actually a loan.

Jamie Dimon says US economy is doing just fine and times are good

Jamie Dimon says the economy is in good standing right now. He points to strong corporate profits and low unemployment numbers. Sticky inflation and high energy prices still hurt your paycheck. Your grocery and utility bills take a bigger bite each month.

Billionaire Mark Rowan just dropped $30M on a record North Fork land buy

Mark Rowan spent thirty million on land in East Marion. The head of Apollo Global Management bought over one hundred acres. Neighbors saw trucks and wondered if big construction was starting. Rowan says he is only cleaning up old trash and junk. He has no plans to build anything right now.

NJEDA to host small business resource fair in Newark on Tuesday

The NJEDA is hosting a free small business resource fair in Newark. It runs Tuesday from 9 a.m. To noon at NJIT. Business owners can meet experts to find funding and programs. Free parking is available at the NJIT parking deck.

Elon Musk’s SpaceX posts first operating profit as AI revenue nearly triples

SpaceX just posted a quarterly net income of $4.4 billion. Total revenue jumped 161 percent to $14.6 billion in the third quarter. The new Super Intelligence AI segment brought in $7.56 billion alone. Starlink added 1.6 million new consumer subscribers during the quarter.

Bitcoin hovers around $83,000 as SpaceX and Super Micro earnings lift tech

Bitcoin rose to $82,700 during Asian trading hours. ZEC jumped 11% to $1,260 after a major upgrade. SpaceX gained 8% and Super Micro rose 16%. The Fed meets on October 27 and 28. Bitcoin needs $84,000 before then.

New SBA lending rules bring stricter requirements for New Jersey business loans

The U.S. Small Business Administration launched new lending rules on October 1. Smaller 7(a) loans under $350,000 face tougher underwriting standards now. Deals of $3 million or more require independent quality of earnings reports.