Billionaires and wealthy dynasties have flooded the New York City mayoral race with over $40 million. They support independent candidate Andrew Cuomo and oppose Democratic socialist Zohran Mamdani. Election filings reveal this massive influx of funds. Moreover, it underscores fears among the elite over Mamdani's progressive agenda. Surge in Super PAC Funding Super PACs like Fix the City lead this financial wave.

Comcast executives revealed potential merger ambitions on Thursday. They discussed opportunities during the company's third-quarter earnings call. Leaders believe deals remain possible, even amid widespread skepticism. Comcast joins several parties eyeing Warner Bros. Discovery (WBD). WBD owns key assets like TNT Sports, CNN, HBO, and Warner Bros. studio. CEO David Zaslav announced the sale process last week. He cited interest from multiple suitors.

Chipotle Mexican Grill's stock experienced a sharp decline. Shares tumbled as much as 19% during Thursday's trading. The company cut its full-year same-store sales forecast for the third consecutive quarter. This move triggered investor concerns. Consequently, the stock has fallen 45% this year. Its market value now sits at roughly $43 billion. At least five Wall Street analysts lowered their price targets.

Global automakers prepare for major production disruptions. A potential shortage of automotive semiconductor chips looms large. The Dutch government sparked this issue amid escalating geopolitical tensions between the U.S. and China. Honda Motor leads as the first known victim. It reduced production this week due to problems with chips from Netherlands supplier Nexperia. Wingtech Technology Co., a Chinese firm, owns Nexperia.

The Federal Reserve recently lowered its benchmark interest rate. However, mortgage rates moved in the opposite direction. This unexpected shift surprised many homeowners and buyers. Experts point to market reactions and comments from Fed Chairman Jerome Powell as key factors. The Fed's Rate Cut Announcement On Wednesday, the Federal Reserve announced a reduction in its benchmark interest rate. This action aimed to support the economy amid ongoing uncertainties.

Major airlines press Congress to halt the government shutdown. They demand immediate action to pay air traffic controllers. Delta Air Lines leads the call. United Airlines and American Airlines join in. The shutdown enters its fourth week. No resolution appears in sight. Republican and Democratic senators deadlock on funding. Airlines Demand Quick Resolution Delta Air Lines urges senators to pass a clean continuing resolution right away.

The U.S. Federal Reserve made a anticipated move. It lowered interest rates by 25 basis points. This adjustment brings the benchmark rate to a range of 3.75% to 4%. Traders expected this decision. However, Chair Jerome Powell issued a warning. He stated that a December cut is not guaranteed. Markets priced in over 90% chance for that next reduction. Powell's words cooled investor enthusiasm.

The news cycle moved rapidly today. Key events dominated headlines. U.S. President Donald Trump met Chinese leader Xi Jinping. The Federal Reserve announced a rate cut. Big Tech firms released strong earnings. These developments shaped global markets. Trump and Xi Forge New Trade Agreements President Trump met President Xi in South Korea. This marked their first encounter in six years. Trump announced a one-year rare earths agreement with China.

Meta Platforms experienced its largest single-day stock decline since October 2022. Investors expressed doubts about the returns from the company's heavy investments in artificial intelligence. Despite solid quarterly results, shares fell more than 11%. This reaction overshadowed the positive financial performance. Stock Drop Highlights Investor Concerns The market reacted sharply to Meta's earnings report. Shares tumbled as skepticism grew over aggressive AI spending plans.

Alphabet's stock surged 4% on Thursday. The company released impressive third-quarter financial results. These results exceeded expectations across the board. Additionally, Alphabet increased its capital expenditures for the year. Earnings Exceed Expectations Alphabet, the parent company of Google, reported strong third-quarter performance. The firm achieved adjusted earnings of $3.10 per share. Revenue reached $102.35 billion. This marked Alphabet's first quarter with revenue above $100 billion.

Joe Lonsdale, founder of venture firm 8VC, recently highlighted a critical issue in the artificial intelligence sector. He argues that top executives underestimate the resources they need for ambitious AI goals. This underselling happens because leaders fear alarming investors. As a result, they downplay the capital and energy requirements. Lonsdale shared these insights during a CNBC “Squawk Box” interview on Thursday.

Roblox shares tumbled 15% on Thursday. The gaming giant announced higher capital expenditures. These costs could squeeze margins. Investors reacted swiftly to the news. Meanwhile, the company delivered strong third-quarter results. However, spending concerns dominated headlines. Robust Q3 Earnings Amid Headwinds Roblox reported impressive third-quarter figures. Revenue climbed 48% year-over-year to $1.36 billion. Bookings soared even higher at 70% to $1.92 billion.

Apple reported impressive fiscal fourth-quarter results on Thursday. The company beat analyst forecasts and issued a promising outlook for the December quarter. Shares of the iPhone giant climbed in after-hours trading. Investors reacted positively to the strong performance. Earnings per share reached $1.85, surpassing the LSEG consensus estimate of $1.77. Revenue hit $102.47 billion, edging out the expected $102.24 billion. These figures highlight Apple's resilience in a competitive market.

Amazon shares soared over 13% in extended trading on Thursday. The company delivered third-quarter earnings that surpassed analyst expectations. Strong growth in its cloud-computing unit fueled the rally. Investors cheered the results as a sign of resilience amid competitive pressures. Earnings Highlights Amazon reported earnings per share of $1.95. This figure beat the $1.57 estimate from analysts polled by LSEG. Revenue reached $180.17 billion, topping the $177.8 billion forecast.

Navan experienced a rocky start on the public markets. Shares of the corporate travel and expense management platform plunged 20% on its first trading day on the Nasdaq under the ticker symbol 'NAVN.' Investors reacted swiftly to the debut. The company priced its initial public offering on Wednesday night. It raised $923 million at $25 per share, the midpoint of its deal range.

Amazon announced impressive results for its cloud computing arm. Revenue at Amazon Web Services (AWS) rose 20% in the third quarter. This growth exceeded analysts' expectations. The company reported $33 billion in AWS revenue. Analysts from StreetAccount had forecasted $32.42 billion. That forecast suggested only 18.1% growth from the previous year. AWS also boosted its operating income. The division's income increased 9% year-over-year to $11.4 billion.

Reddit delivered impressive third-quarter results on Thursday. The company exceeded expectations on earnings and revenue. Moreover, it provided robust guidance for the future. Shares surged over 8% in after-hours trading. Investors cheered the strong performance. Earnings Beat and Revenue Surge Reddit reported earnings per share of 80 cents. Analysts expected only 51 cents. Revenue reached $585 million. This topped the $546 million forecast from LSEG.

Coinbase shares rose nearly 3% on Thursday. The digital assets company reported better-than-expected financial results. A resurgence in retail and institutional crypto trading fueled this success. Tokens now form just one part of its broader 'everything exchange' vision. In the quarter ended September 30, Coinbase achieved net income of $432.6 million. This equaled $1.50 per share. Last year, it reported $75.5 million, or 28 cents per share.

San Francisco Mayor Daniel Lurie faces intense national scrutiny. He discussed these pressures during a recent interview with CNBC. Lurie emphasized his daily commitment to improving the conditions of residents. The conversation highlighted ongoing efforts amid debates about big city safety. Navigating National Debates on Urban Safety President Donald Trump recently reversed plans for a federal surge in San Francisco.

Palantir Technologies faces growing internal tensions. The company's head of global communications voiced concerns about its political alignment with the Trump administration. Lisa Gordon highlighted the challenges during an interview. She spoke at The Information’s Women in Tech, Media and Finance summit on Wednesday. Gordon Expresses Democratic Perspective Gordon, a Democrat, shared her unease openly. She previously worked on Walter Mondale’s 1984 presidential campaign.

Dr. Franklin Nobrega leads groundbreaking research at the University of Southampton. His team advances phage therapy to fight antibiotic-resistant bacteria. This innovative approach promises to revolutionize infection treatments. As antibiotic resistance surges into a global crisis, scientists explore unconventional solutions. Phage therapy harnesses bacteriophages. These viruses target bacteria precisely. They spare human cells completely. The University of Southampton researchers achieve a key breakthrough.

Europe charges toward a climate-neutral future. Batteries power this transition. They drive electric vehicles and store renewable energy. However, lithium-ion batteries face limits in safety, cost, and sustainability. The SOLiD project addresses these challenges. This EU-funded initiative develops next-generation solid-state lithium-metal batteries. It combines high performance with recyclability. Launched in September 2022, SOLiD unites 14 partners from nine countries. These include industries, SMEs, and research institutes.

The 6G4Society project pioneers the integration of societal, environmental, and economic values into 6G technology development. It ensures that connectivity advancements align with ethical standards and sustainability principles. Debates on sustainability, digital rights, and responsible innovation highlight a key truth. Technical viability alone no longer suffices. Technologies must gain acceptability and trustworthiness. They should align with ethical expectations and contribute to sustainability.

A groundbreaking study from Duke University scientists clarifies the debate on electric vehicles (EVs) and their climate impact. Researchers published their findings in PLOS Climate. They show that battery-electric vehicles (BEVs) outperform gasoline-powered cars in lifecycle emissions after just two years. Battery production demands high energy. This creates a larger initial carbon footprint for EVs. However, EVs quickly offset this through lower use-phase emissions.

The UK government announces a massive £55 billion funding boost for research and development. This investment targets breakthroughs that enhance lives, create jobs, and drive economic growth. Innovators behind technologies like airport security scanners and groundbreaking medical treatments now receive long-term support. The Department for Science, Innovation and Technology (DSIT) confirms allocations for key research agencies. These funds provide clear visibility into future R&D plans.