US stock futures are higher after one of the wildest sessions of the year, with the S&P 500 logging its most significant intraday reversal since the peak of tariff turmoil in 2018 — surging 1.4% early before plunging 1.6% by the close. New York Fed president John Williams helped stabilize sentiment this morning, signaling he “still sees room” for a December rate cut, a notable shift given the stronger-than-expected September jobs report. Williams — part of the influential Fed “troika” alongside Powell and Jefferson — said policy needs to move “closer to neutral,” even as tariffs temporarily stall progress on inflation. Bitcoin (BTC-USD) is extending a brutal decline, sliding below $85,000 after more than $1 billion in liquidations were hit in a single hour. The token is now heading for its worst month since the 2022 crypto crash, down more than 30% from its October record as cross-asset selling accelerates. Analysts warn the next key support sits near $75,000. Retail earnings reinforce the K-shaped consumer story: Walmart (WMT), Ross (ROST), and TJX (TJX) continue to win by delivering price-driven “value” across all income levels, while mid-tier shoppers remain stretched. Gap (GPS) surprised to the upside with strength in Old Navy and Gap brand, helped by lower discounting and viral marketing campaigns like its K-pop-backed “Milkshake” spot. Meanwhile, the bidding war for Warner Bros. Discovery (WBD) is heating up. Paramount (PARA), Comcast (CMCSA), and Netflix (NFLX) have all submitted their initial — non-binding — bids. Paramount is the only suitor pursuing the entire company, while the others are targeting the studio's assets exclusively. Takeaways: Fed’s John Williams signals a December rate cut is “on the table,” lifting futures S&P 500 posts its sharpest intraday reversal in years; markets remain fragile Bitcoin plunges below $85K with $1B liquidated in one hour; worst month since 2022 “Value” retailers like Walmart, Ross, and TJX outperform as consumers hunt for pricing power Warner Bros. Discovery draws bids from Paramount, Comcast, and Netflix as strategic review accelerates Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks push higher as Nvidia’s (NVDA) blowout earnings reset sentiment across global markets and help offset a surprisingly strong September jobs report. Nvidia topped expectations on revenue and profit, guided to $65 billion for the current quarter, and CEO Jensen Huang dismissed AI bubble concerns, saying demand “is through the roof” with a $500 billion order pipeline for 2026 . The results sparked a broad tech rally, with Nasdaq futures jumping as much as 2%. Fresh labor data finally arrived after shutdown delays, showing 119,000 jobs added in September — more than double expectations — while August was revised sharply down to a 4,000 job loss, the first negative reading in months . The unemployment rate ticked up to 4.4%, and wage growth cooled to 0.2% month-over-month. Economists warned the mixed signals strengthen the case for the Fed to hold rates steady in December given the lack of October data and the BLS’ decision to delay the next full report until after the meeting. Walmart (WMT) delivered another strong quarter, raising full-year guidance behind 30% e-commerce growth and continued gains among higher-income shoppers. The retailer reported seven straight quarters of double-digit online growth and highlighted improving delivery speeds, while noting a softening in low-income spending — one of the clearest signs yet of the K-shaped consumer environment . Takeaways: Nvidia beats across the board and guides higher; CEO says AI demand is accelerating, not peaking September payrolls rise 119K with a surprise negative revision for August; unemployment nudges up to 4.4% Fed expected to hold rates in December as missing data limits visibility Walmart raises guidance again as e-commerce and higher-income spending fuel gains Markets extend a multi-day rebound, with Nasdaq futures up nearly 2% on Nvidia-led strength Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks look to snap a four-day losing streak after the S&P 500 (^GSPC) logged its longest slide since August and is now on track for its worst November since 2008. All the major averages — including the Dow (^DJI), Nasdaq 100 (^NDX), Russell 2000 (^RUT), and Philadelphia Semiconductor Index (^SOX) — have slipped below their 50-day moving averages, while the VIX (^VIX) climbs as volatility returns. The big pivot comes after the close when Nvidia (NVDA) reports; options pricing implies roughly a 7% move in either direction and analysts warn the stock faces a “catch-22” where even a beat-and-raise could fuel fresh AI bubble fears. Investors will listen closely for updates on Blackwell and Vera Rubin chips, hyperscaler demand from Microsoft (MSFT), Alphabet (GOOG), and Amazon (AMZN), and how rising competition from AMD (AMD) shapes the outlook. On the consumer front, Target (TGT) cut the top end of its profit outlook and reiterated expectations for a low single-digit sales decline in the all-important holiday quarter as “choiceful” shoppers stretch budgets and trade down, even as it leans into a new partnership with OpenAI to power conversational shopping inside ChatGPT. Lowe’s (LOW) beat profit estimates, raised its full-year sales guidance, and posted double-digit online and pro customer growth, offering a more upbeat contrast to Home Depot’s (HD) cautious outlook. In corporate moves, former Treasury secretary Larry Summers resigned from OpenAI’s board following the release of emails with Jeffrey Epstein, while Adobe (ADBE) agreed to buy marketing software firm SEMrush in a $1.9 billion deal, TJX (TJX) rallied on strong results and raised guidance, and Unity Software (U) surged on a new collaboration with Epic Games to bring Unity-built titles into Fortnite. Takeaways: S&P 500 and other major indexes break below 50-day moving averages as volatility picks up Nvidia earnings seen as a key AI stress test, with options pricing a ~$320B market cap swing Target trims outlook and warns of soft holiday sales while launching OpenAI-powered shopping inside ChatGPT Lowe’s raises sales guidance and leans on pro and online strength; Home Depot stays cautious on housing Larry Summers steps down from OpenAI’s board; Adobe buys SEMrush, TJX and Unity jump on earnings and deal news Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks extend their slide for a fourth straight session as both the S&P 500 (^GSPC) and Nasdaq (^IXIC) close below their 50-day moving averages — a technical breakdown that triggered algorithmic selling across major indices. The weakness mirrors global markets, with Tokyo and Seoul each down 3%. Bitcoin (BTC-USD) briefly fell below $90,000 for the first time in seven months, officially wiping out its year-to-date gains and dragging crypto-linked stocks and ETFs lower. Home Depot (HD) cut its full-year profit forecast after missing earnings for the third straight quarter, citing weak housing turnover, cautious consumers, and home improvement demand that “never materialized” during Q3. Shares fell more than 3% as the retailer now expects adjusted earnings to decline about 5% for the year. The results arrive ahead of key retail reports from Lowe’s (LOW), Target (TGT), and Walmart (WMT) later this week. Early economic data from ADP showed private-sector job losses for two consecutive weeks, while delayed government numbers continue to trickle out post-shutdown — including initial jobless claims that remain historically low. Meanwhile, the White House prepares to welcome Saudi Crown Prince Mohammed bin Salman for a high-profile visit expected to produce multi-billion-dollar agreements across AI infrastructure, defense, energy, and critical minerals. Takeaways: S&P 500 and Nasdaq break below 50-day moving averages, triggering algorithmic selling Bitcoin drops under $90K, erasing all 2025 gains; crypto stocks slide in sympathy Home Depot cuts guidance as housing softness and consumer caution hit results ADP shows two weeks of job losses; government data returning slowly after shutdown Saudi Crown Prince meets President Trump as US–Saudi economic and defense ties deepen Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US markets start the week lower after a rough stretch for tech stocks and crypto. Bitcoin (BTC-USD) has erased all its 2025 gains, wiping out more than $600 billion in market value since October as investors brace for Wednesday’s pivotal Nvidia (NVDA) earnings. Analysts expect $54.8 billion in quarterly sales — a 56% year-over-year jump — but warn the setup is “more risk than reward” given sky-high valuations. Nvidia CEO Jensen Huang says the company has $500 billion in orders lined up through 2026. Still, recent 13F filings show billionaire Peter Thiel sold his entire Nvidia stake last quarter, joining SoftBank’s earlier exit. The long-delayed September jobs report finally arrives on Thursday, following the government shutdown, with economists forecasting 50,000 new jobs and closely watching for signs that the Fed can still cut rates in December. Meanwhile, bitcoin’s slump has some strategists calling for another leg down to the $80,000 range, while MicroStrategy (MSTR) doubled down — buying $835 million worth of bitcoin last week, its biggest purchase since July. In trending tickers, Novo Nordisk (NVO) cut the consumer price of Wegovy and Ozempic to $349 a month, Alphabet (GOOG) popped after Warren Buffett’s Berkshire Hathaway disclosed a new $4.3 billion stake, and Aramark (ARMK) fell 8% on weak results despite upbeat guidance. Wall Street continues to debate whether the AI trade is truly in bubble territory or just cooling after record highs, as fund managers warn of fatigue and stretched valuations. Takeaways: Stocks and bitcoin slide as investors await Nvidia earnings and new Fed data Nvidia faces a “catch-22” — beat and risk bubble talk, miss and spook markets Bitcoin down 20% from highs; MicroStrategy adds $835M more to holdings Buffett’s Berkshire takes a $4.3B stake in Alphabet; Novo Nordisk cuts drug prices Analysts split on whether the AI trade is a bubble or a healthy consolidation Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks fell for a second straight day as the post-shutdown market reset collided with doubts about rate cuts and another rout in tech. Nasdaq futures slid more than 1.5% as AI leaders such as Nvidia (NVDA), Microsoft (MSFT), and Alphabet (GOOG) extended losses amid profit-taking and growing concerns about stretched valuations. Bitcoin (BTC-USD) officially entered a bear market, down more than 20% from its October peak. Walmart (WMT) shocked investors by announcing CEO Doug McMillon will retire after more than a decade at the helm, handing the reins to Walmart US chief John Furner in February. McMillon, who modernized the world’s largest retailer through e-commerce expansion and wage growth, leaves the company at record highs. The move comes just ahead of Walmart’s earnings report next week. Meanwhile, Fed officials are sending mixed messages. Minneapolis Fed president Neel Kashkari and St. Louis Fed’s Alberto Salm cautioned against cutting rates too quickly, while Governor Steven Myron continues pushing for a larger 50 bp move. Markets now see just a 50% chance of a December rate cut — down from 85% two weeks ago — as the post-shutdown economic data trickles in. Takeaways: Walmart CEO Doug McMillon to retire; John Furner to take over in February Nasdaq extends losses as AI leaders slide and bitcoin enters bear market Fed officials grow divided on December rate cut amid mixed economic signals Investors brace for Walmart earnings, new inflation data, and the delayed jobs report Palantir (PLTR) CEO Alex Karp defends the company’s mission and AI role in exclusive Yahoo Finance interview Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stock futures rise as the House prepares to vote on ending the 43-day government shutdown, with reopening possible by midnight if the bill passes and the President signs. The data pipeline will take weeks to normalize. Still, Fed watchers will parse remarks from New York Fed’s John Williams, Atlanta’s Raphael Bostic, Governors Steven Myron and Susan Collins for clues on December cuts. AMD (AMD) extends gains after CEO Lisa Su projected data-center revenue could jump ~60% over the next 3–5 years, feeding AI enthusiasm beyond Big Tech. Stablecoin issuer Circle slipped despite a top- and bottom-line beat as investors worry lower rates will dent reserve-income margins; management touted growth in its payments network and testing of its new ARC blockchain (with a potential native token). On consumer names, On Holding (ONON) popped on raised guidance and resilient premium demand, while Infineon (IFNNY) guided back to growth on AI-data-center strength. Chevron (CVX) explored supplying natural-gas power to an AI data center in Texas, and Eli Lilly (LLY) moved employees off CVS’s drug plan amid a GLP-1 coverage spat. Takeaways: House set to vote to end the shutdown; Fed speakers in focus as missing data slowly returns AMD touts multiyear AI data-center surge; AI trade broadens to chip and infrastructure names Circle beats but slides on lower-rate margin fears; pushes payments/ARC blockchain initiatives On Holding raises outlook; Infineon sees AI demand offsetting auto softness Chevron eyes AI-power deals; Eli Lilly reshuffles pharmacy benefits in GLP-1 fight Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks opened mixed as investors weighed the Senate’s passage of a bill to end the government shutdown and a pair of jolting AI headlines. The measure now heads to the House, where a vote is expected within 24 hours before President Trump signs it into law. Lawmakers are racing back to Washington amid widespread flight delays — a fitting symbol of the shutdown’s ripple effects. The bill would reopen the government by week’s end and restore pay to 750,000 furloughed workers. SoftBank (9984.T) sold its entire stake in Nvidia (NVDA) — about 32 million stock worth $5.8 billion — calling the move a “financing measure” to raise capital for new investments, including OpenAI. The sale triggered a modest pullback across AI-linked names. CoreWeave, an Nvidia-backed cloud infrastructure firm, cut its full-year revenue forecast due to construction delays at a key data center, prompting a downgrade from JPMorgan and an 8% stock slide. Has cut its full-year revenue forecast due to construction delays at a key data center, prompting a downgrade from JPMorgan and an 8% stock price decline. Analysts stressed that the supply issue is temporary but noted that it highlights execution risks in the AI supply chain. Elsewhere, corporate buybacks are surging to record highs, with US firms authorizing more than $1.2 trillion so far this year — a 15% increase from 2024 — as executives become more confident in the economy. Analysts say the trend is helping support stocks even at elevated valuations. Takeaways: Shutdown deal moves to the House after Senate passage; government likely to reopen by week’s end SoftBank sells entire $5.8B Nvidia stake to fund new investments, including OpenAI CoreWeave cuts forecast over data center delays; JPMorgan downgrades stock Corporate buybacks top $1.2T this year as confidence and cash flow improve AI enthusiasm faces new tests amid capacity bottlenecks and high valuations Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stock futures climb as Washington inches closer to ending the government shutdown. The Senate advanced a bipartisan bill 60–40 that would reopen the government through January 30, fully fund key programs like SNAP, and add new limits on President Trump’s power to fire federal workers. The House still needs to act, but hopes for a deal are fueling a risk-on rally, with Nasdaq (^IXIC) futures leading after last week’s AI-led selloff. A reopening would also bring long-delayed economic data back online, though the White House has already signaled this week’s CPI report is likely a full casualty of the shutdown. Earnings remain in focus with Disney (DIS) set to report what’s expected to be its first adjusted profit decline in more than two years as revenue growth slows. Investors will be watching strength in parks and cruises, Disney+ pricing power, early demand for the new ESPN streaming service, and any hints on CEO Bob Iger’s successor before his planned 2026 exit. On the deal front, Pfizer (PFE) is buying obesity-drug startup Metsera after Novo Nordisk (NVO) dropped its bid, monday.com (MNDY) slides on tempered guidance, and Instacart (CART) pops on resilient grocery demand. All of it comes as strategists debate whether the AI boom is starting to look a lot like the dot-com bubble — even in blue-chip names. Takeaways: Senate advances shutdown deal that would reopen government through Jan. 30 and fully fund SNAP Markets rally on hopes for a resolution and the eventual return of key economic data, even as this week’s CPI is likely scrapped Disney earnings on deck: parks and cruises strong, streaming margins and ESPN DTC in focus, plus long-running questions about Bob Iger’s successor Pfizer wins Metsera obesity-drug bidding war over Novo Nordisk; monday.com cuts guidance, Instacart beats on steady grocery demand Strategists warn of “bubble-like” AI behavior even in high-quality names as trillion-dollar deals and mega pay packages pile up Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US markets edge lower to close the week as investors digest Elon Musk’s latest triumph — Tesla (TSLA) shareholders approving his $1 trillion pay package with over 75% support. The vote also included conditional approval for Tesla to invest in Musk’s AI startup, xAI, although the board remains undecided amid concerns about overlap. Musk promised to scale up Optimus robot production at Fremont and Austin and teased a 2026 target for its driverless “Cybercab.” Ark Invest’s Brett Winton told Yahoo Finance the robotaxi business could become a “natural monopoly” and that humanoid robots will ultimately be “an order of magnitude larger.” Still, Winton admitted that scaling to 1 million robots by 2030 will be a “hard and steep climb.” Crypto markets remained volatilBTC-USD) fell back toward $100,000 after recent whale selling. At the same time, Ark Invest reiterated its five-year bullish outlook on bitcoin and public blockchains.e as bitcoin (BTC-USD In trending tickers, Constellation Energy (CEG) rose after substantial revenue driven by AI data center demand, Block (SQ) plunged on weak quarterly sales despite higher profit guidance, and Opendoor (OPEN) fell sharply after cutting volume growth targets. Investors also eye the AI sector amid talk of an “innovation bubble,” with experts noting valuations are stretched but structural gains from generative AI remain strong. Takeaways: Tesla shareholders approve Elon Musk’s $1T pay package and xAI investment plan Musk promises 2026 Cybercab rollout and mass Optimus robot production Ark Invest sees robotaxi cash flow hitting “hundreds of billions” by 2030 bitcoin wobbles near $100K after whale selling, but Ark stays long-term bullish Analysts warn AI valuations are overheated but not yet a true bubble Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stock futures are little changed as investors weigh lofty valuations, strong earnings, and fresh signs of labor market stress. Qualcomm (QCOM) is the latest big-tech name to get punished despite a solid quarter and upbeat forecast after unveiling a new data center chip. The FAA is reducing US flight traffic by 10% as the government shutdown enters its 37th day, moving to relieve unpaid air traffic controllers amid growing delays and cancellations. New data from Challenger, Gray & Christmas shows that more than 150,000 job cuts were announced in October — the highest for that month since 2003 — with technology, warehousing, and retail leading the way, and year-to-date layoffs now topping 1 million amid cost-cutting and AI-driven restructuring. Federal officials, including Governor Steven Myron and New York Fed president John Williams, speak today as markets continue to price in a December rate cut without official job data. The AI trade remains central, with Nvidia (NVDA), Intel (INTC), Alphabet (GOOG), Meta (META), and Micron (MU) in focus. At the Supreme Court, justices sounded skeptical of President Trump’s use of emergency powers to impose key “Liberation Day” tariffs. This ruling could upend nearly $200 billion in tariff revenue and reshape his economic agenda. Auto stocks like General Motors (GM), Ford (F), Stellantis (STLA), and Tesla (TSLA) have been climbing on hopes for tariff relief as Tesla shareholders prepare to vote this afternoon on Elon Musk’s proposed $1 trillion pay package and a potential investment in his xAI startup. In trending tickers, Marvell Technology (MRVL) jumps on reports SoftBank weighed a takeover and Arm combo, Duolingo (DUOL) slumps on a weak bookings outlook, and ConocoPhillips (COP) rises after beating earnings, hiking its dividend, and boosting its production forecast. Takeaways: October layoffs hit 150,000 — the highest since 2003 — with tech, warehousing, and retail leading more than 1 million cuts year to date FAA to cut flight volume by 10% as the government shutdown reaches day 37 and air traffic staffing strains worsen Fed officials Myron, Hammack, Williams, and others speak as markets bet on a December rate cut without an official jobs report Supreme Court hears challenge to Trump’s emergency tariffs, putting nearly $200B in revenue and key trade pillars at risk Tesla shareholders vote today on Elon Musk’s $1T pay package and a proposed xAI investment; Marvell, Duolingo, and ConocoPhillips move on deal and earnings headlines Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks are bouncing off session lows after a sharp tech and chip sell-off wiped about $500 billion in market value from the Philadelphia Semiconductor Index. AMD (AMD) is under pressure even after beating on revenue, profit, and guidance across data center, client, and gaming, as Wall Street questions lofty AI valuations following blockbuster deals with OpenAI and Oracle. Super Micro Computer (SMCI) sinks after missing earnings despite already cutting guidance, adding to worries that AI infrastructure demand isn’t translating into the blowout server sales investors expected. A fresh read on the labor market from ADP showed 42,000 private payrolls added last month, while September was revised to 29,000 jobs lost, underscoring a still-fragile hiring backdrop. On the consumer front, McDonald’s (MCD) reported another quarter of strong US same-store sales, powered by the return of its $3.99 Snack Wrap and new $5 and $8 value meals — but the “K-shaped” economy is in full view, with lower-income traffic falling nearly double digits. At the same time, visits from higher-income individuals rise by a similar amount. Cava (CAVA) also saw comps rise but cut its full-year outlook as 25–35 year-old diners pull back under the weight of student loans, housing, and healthcare costs. Bitcoin (BTC-USD) is trading back above $100,000 after briefly breaking below the key level for the first time since June, still down roughly 20% from last month’s record as “whales” — long-term holders — dump as much as 400,000 coins in a month. In trending tickers, Novo Nordisk (NVO) cut its obesity-drug outlook again while battling Pfizer (PFE) for startup Metsera, IBM (IBM) plans thousands of job cuts as it leans harder into software and services, and Pinterest (PINS) slumps on a soft revenue outlook and AI-ad worries despite launching its new Pinterest Assistant shopping tool. Wall Street also digests the election of Democratic Socialist Zoran Momani as New York City mayor, with leaders like Bill Ackman, Jane Fraser, and Jamie Dimon pledging to work with City Hall, and investors tuning in for Fed Governor Steven Myron’s interview on the path of interest rates. Takeaways: AMD beats across the board but slides as investors reassess lofty AI chip valuations; Super Micro misses again and deepens AI hardware jitters Bitcoin drops below $100,000 as long-term “whales” dump holdings, with support eyed near $95,000 and catalysts tied to liquidity and the shutdown McDonald’s Snack Wrap and value deals drive US comps, but lower-income visits fall sharply as higher-income traffic powers a K-shaped consumer Cava trims same-store sales guidance as younger diners feel the pinch from loans, housing, and inflation Novo Nordisk, IBM, and Pinterest move on guidance cuts, layoffs, and AI advertising concerns amid broader questions about market concentration and bubble risk Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stock futures are under pressure as Palantir (PLTR) slides despite beating on earnings and raising its full-year outlook, with investors balking at its lofty valuation after a 170% year-to-date run. The AI favorite is also under fresh scrutiny after “Big Short” hedge fund manager Michael Burry disclosed prominent put positions against both Palantir and Nvidia (NVDA), stoking fears of an AI bubble and a broader tech pullback. Uber (UBER) stock fell after missing on operating income and issuing softer guidance, while Pfizer (⁠PFE⁠) raised its 2025 profit forecast but faces a challenge to its planned Metsera obesity-drug deal from Novo Nordisk (NVO). In Washington, the government shutdown has now tied the record at 35 days, with 40 million low-income Americans at risk of losing SNAP benefits before a judge-ordered round of partial payments, and the Supreme Court is set to hear a significant case on the legality of Trump-era tariffs. Voters head to the polls in key state elections in Virginia, New Jersey, and New York as the political landscape for tariffs and the broader economic agenda takes shape. Takeaways: Palantir stock sinks on valuation fears despite strong earnings and guidance Michael Burry takes prominent bearish options positions against Nvidia and Palantir, flashing an AI bubble warning Uber misses on operating income; Pfizer lifts 2025 outlook as Novo Nordisk contests its Metsera deal Government shutdown hits day 35, threatening SNAP benefits and setting records Supreme Court tariff case and state elections could reshape Trump’s economic and trade agenda Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks kick off November on a positive note after October marked a sixth straight month of gains, with futures higher ahead of a big week for earnings from AMD (AMD), Palantir (PLTR), and Qualcomm (QCOM). Berkshire Hathaway (BRK-B) reported strong insurance results and a record $381.7 billion cash pile, but no share buybacks — a sign Warren Buffett may still see the stock as expensive as he prepares to step down as CEO at year-end, handing the role to Greg Abel while remaining chairman. In consumer staples, Kimberly-Clark (KMB) is buying Tylenol maker Kenvue (KVUE) for $40 billion in a deal that would vault it past Unilever (UL) as the No. 2 global health-and-wellness player. Fed officials remain sharply divided on whether to cut rates again in December after two straight moves, with hawks warning about sticky inflation and doves arguing for more easing. Meanwhile, Tesla (TSLA) shareholders prepare to vote Thursday on Elon Musk’s proposed $1 trillion pay package, and breaking news hit that OpenAI has signed a $38 billion cloud deal with Amazon (AMZN) Web Services to tap Nvidia GPUs as part of a broader AI capex boom that already tops $400 billion for 2025. In trending tickers, Australia-based AI data center operator Iris Energy (IREN) struck a $9.7 billion cloud capacity deal with Microsoft (MSFT), and Pfizer (PFE) is suing to block Novo Nordisk’s (NVO) bid for obesity-drug startup Metsera. Takeaways: Berkshire’s cash hoard hits a record $381.7B with no buybacks as Buffett prepares CEO handoff to Greg Abel Kimberly-Clark to buy Kenvue for $40B, aiming to leapfrog Unilever in health and wellness Fed officials split on a December rate cut after two straight moves lower OpenAI signs $38B cloud deal with AWS; Microsoft inks $9.7B AI capacity pact with Iris Energy Tesla faces high-stakes shareholder vote on Elon Musk’s proposed $1T pay package Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks edge lower after a busy night of earnings and policy headlines. President Trump and China’s Xi Jinping agreed to a one-year trade truce at their meeting in South Korea, cutting fentanyl-related tariffs in half while China resumes rare-earth exports and soybean purchases worth 12 million metric tons — about 10% of the U.S. annual crop. The deal pauses further escalation but keeps the average U.S. tariff rate near 47%. Markets reacted coolly as investors stayed focused on Big Tech earnings and Fed policy. Alphabet (GOOG) jumped after a surge in AI-driven cloud revenue, while Meta (META) fell as its CapEx outlook ballooned to up to $72B for 2025. Microsoft (MSFT) rose after CFO Amy Hood said demand remains “capacity constrained,” even after billions in AI infrastructure spend. Meanwhile, Fed Chair Jerome Powell signaled caution after delivering another 25 bp rate cut, warning that “a further reduction in December is not a foregone conclusion.” The market slashed odds of another cut to 60% as internal Fed divisions widen. Takeaways: US and China reach one-year trade truce; tariffs cut on fentanyl goods, soybean purchases resume Fed cuts rates but warns no preset path; December cut odds fall sharply Big Tech CapEx explodes 89% year-over-year — AI spending dominates Q3 Alphabet rallies on strong cloud results; Meta sinks on CapEx surge Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks rose as Nvidia (⁠NVDA⁠) became the first company to hit a $5 trillion market cap, driven by record AI chip demand and bullish guidance from CEO Jensen Huang following the company’s GTC event. Analysts at Bernstein say Nvidia’s next-generation Blackwell and Rubin chips could generate over $500B in data center revenue over the next six quarters. The milestone comes ahead of a massive week for Big Tech earnings, with Alphabet (GOOG), Meta (META), and Microsoft (MSFT) set to report after today’s close, followed by Apple (AAPL) and Amazon (AMZN) on Thursday. On the macro front, the Federal Reserve is expected to cut rates by 25 basis points this afternoon, with Chair Jerome Powell’s press conference focusing on signals on future policy moves. Boeing (BA) fell after posting a wider-than-expected loss and taking a $4.9B charge on its delayed 777X jet program, now pushed to 2027. Meanwhile, Verizon (VZ) posted modest subscriber losses under new CEO Dan Schulman, Caterpillar (CAT) beat estimates on surging AI-related energy equipment demand, and Fiserv (FI) plunged after slashing guidance and announcing a board shake-up. Takeaways: Nvidia becomes the first company ever to hit $5 trillion market cap Fed expected to cut rates by 25 bps; investors eye Powell’s tone Boeing posts $4.9B charge, delays 777X to 2027 Verizon, Caterpillar, and Fiserv move on earnings results Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks edge higher as the Federal Reserve kicks off its two-day policy meeting and Big Tech earnings loom. Amazon (AMZN) announced it will cut 14,000 jobs across logistics, cloud, payments, and gaming — its most extensive layoffs since 2022 — as CEO Andy Jassy pushes to make the company “leaner and faster” through AI-driven automation. UPS (UPS) also said it will cut 34,000 positions as part of a massive restructuring, closing nearly 100 facilities to reduce costs. Meanwhile, PayPal (PYPL) rallied after strong earnings and news of a significant partnership with OpenAI to integrate its digital wallet directly into ChatGPT, allowing in-app payments starting in 2026. In breaking news, OpenAI finalized its recapitalization with Microsoft (MSFT), creating a new $130B for-profit entity under the OpenAI Foundation and granting Microsoft a 27% stake valued at $135B. The agreement includes a $250B Azure commitment and exclusive IP rights until artificial general intelligence is achieved. Microsoft stock rose 3.7% on the news. Takeaways: Amazon to cut 14,000 jobs across multiple divisions in biggest layoffs since 2022 UPS to eliminate 34,000 positions as part of primary transformation strategy PayPal surges on strong earnings and new ChatGPT payment integration OpenAI finalizes recapitalization; Microsoft gains 27% stake valued at $135B Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks open higher as hopes rise for a U.S.–China trade truce. Treasury Secretary Scott Bessant told NBC’s Meet the Press that the two countries have reached a “very successful framework” for a deal ahead of President Trump’s Thursday meeting with President Xi Jinping. Futures rallied on the comments, with all three major indexes set to open at record highs. Meanwhile, the Federal Reserve is expected to cut rates by 25 basis points on Wednesday — the second consecutive meeting with a cut — even as policymakers continue to operate without complete government data amid the ongoing shutdown. Big Tech takes center stage this week, with five of the Magnificent Seven — Meta (META), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), and Apple (AAPL) — all set to report earnings. Investors will closely watch AI spending, ad revenue, and capital expenditures trends as companies continue massive data center buildouts. In trending tickers, Novartis (NVS) agreed to acquire Avidity Biosciences (RNA) for $12B, expanding its rare disease pipeline. Huntington Bancshares (HBAN) announced a $7.4B deal to acquire Cadence Bank (CADE), extending its footprint across the South. And Keurig Dr Pepper (KDP) raised its full-year forecast while revealing plans to spin off its coffee business after acquiring Peet’s Coffee from JAB Holdings. Takeaways: US–China trade truce talks lift markets; tariff hikes may be delayed Fed expected to cut rates again as officials operate without complete data Meta, Microsoft, Alphabet, Amazon, and Apple headline tech earnings week Novartis buys Avidity for $12B; Huntington to buy Cadence Bank; Keurig to spin off coffee unit Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks surged after September CPI came in cooler than expected, rising 3.0% yearly versus the 3.1% forecast by economists. The report, the first major economic release in 23 days due to the government shutdown, cements expectations for an October rate cut, with futures now pricing in a 99% probability. Investors cheered the data as the S&P 500 (^GSPC) and Nasdaq (^IXIC) hit new all-time highs. The bond market also rallied, with the 10-year yield dipping below 4% for the first time since April. Meanwhile, President Trump abruptly canceled trade talks with Canada after an anti-tariff ad featuring Ronald Reagan aired there, calling it “an insult to American workers.” Intel (INTC) jumped 6% after beating on both revenue and earnings, citing stronger PC demand and narrowing foundry losses. CEO Pat Gelsinger said Intel is “making steady progress to rebuild,” but cautioned there’s still a long road ahead. Target (TGT) announced an 8% corporate headcount cut, Deckers (DECK) sank on weak guidance, and Procter & Gamble (PG) rose after topping estimates while warning the consumer environment remains “stable but not great.” Takeaways: CPI rises 3.0% vs. 3.1% expected, cementing odds of an October Fed rate cut Intel beats on earnings and revenue as PC and data center sales improve Trump cancels trade talks with Canada over anti-tariff ad flap Target cuts 8% of corporate staff; P&G beats, Deckers slumps on outlook Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks open slightly lower as Tesla (TSLA) shares slide following mixed Q3 results. Revenue topped expectations at $28B, but operating profit plunged 40% year over year as price cuts weighed on margins. CEO Elon Musk urged shareholders to approve his proposed $1T pay package, calling proxy advisors “corporate terrorists” while reiterating his need for 20% voting control. Tesla also revealed plans to expand its robotaxi service to up to 10 metro areas by year-end, though Musk struck a cautious tone on progress. Oil prices spiked after the Trump administration imposed new sanctions on Russian energy giants Rosneft and Lukoil, barring many foreign entities from doing business with them. Meanwhile, the bond market remained in flux as traders awaited missing labor data due to the government shutdown, with the 10-year Treasury yield hovering below 4%. In corporate news, American Airlines (AAL) posted a surprise profit, Honeywell (HON) raised guidance, and Dow (DOW) narrowed losses. Southwest Airlines (LUV) also posted an unexpected profit and reaffirmed record holiday demand — CFO Tom Doxey told Yahoo Finance the carrier’s new bag fees, seat assignments, and premium upgrades are “on track and working.” Takeaways: Tesla profit drops 40% as price cuts squeeze margins; Musk defends $1T pay plan Oil surges after new US sanctions on Russian energy majors Bond market stabilizes below 4% yield amid ongoing data blackout Southwest CFO says bag fees, seat changes driving profits and record holiday outlook Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices