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

US stocks open mixed as earnings season heats up and Netflix (NFLX) shares tumble 8% after the streaming giant missed expectations on both revenue and profit. The company blamed an unexpected tax hit in Brazil but reaffirmed its full-year guidance and projected stronger ad-tier growth heading into 2025. Netflix executives said the platform will more than double advertising revenue next year, helped by new deals with Amazon (AMZN) and Spotify (SPOT), while ruling out interest in acquiring legacy media networks like Warner Bros. Discovery (WBD). Gold prices extended declines after suffering their worst one-day drop in over a decade, falling nearly 8% from record highs. Analysts at UBS said the pullback is likely technical after a massive 60% year-to-date rally. Meanwhile, Tesla (TSLA) reports after the bell, with analysts watching margins, EV demand, and CEO Elon Musk’s proposed pay package. Investors expect Tesla to highlight growth opportunities in robotaxi and AI infrastructure after the expiration of key EV tax credits. In trending tickers, AT&T (T) gained on strong subscriber growth, Texas Instruments (TXN) slipped on weak chip guidance, and Beyond Meat (BYND) surged 1,300% in four days amid a new meme stock frenzy. Takeaways: Netflix plunges after Q3 miss but touts ad-tier and streaming growth Gold drops 8% from record highs after decade-best rally Tesla earnings ahead: investors eye margins, demand, and robotaxi updates Meme stocks roar back as Beyond Meat skyrockets 1,300% 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 open mixed as earnings season heats up, with General Motors (GM) and Coca-Cola (KO) topping estimates while warning of tariffs and shifting consumer demand. GM stock jumped more than 10% after raising full-year guidance, driven by strong truck sales and tariff relief measures that offset $4.5B in costs. CEO Mary Barra struck an optimistic tone, calling new policies “a win for American manufacturers.” Coca-Cola beat expectations but noted slowing demand for soft drinks, while its zero-sugar and sports drink lines showed double-digit growth. Aerospace and defense stocks, including General Electric (GE), RTX (RTX), and Lockheed Martin (LMT), rose after strong commercial and defense demand prompted guidance hikes. Meanwhile, Warner Bros. Discovery (WBD) confirmed it’s reviewing strategic alternatives following takeover interest from multiple parties, including Paramount Global (PARA). The company said it remains committed to splitting into two divisions by mid-2025 but is open to offers for its studio business. Takeaways: GM raises full-year outlook; truck and SUV sales offset tariff costs Coca-Cola beats expectations but warns of softening demand Aerospace stocks rally on record orders; GE and RTX lift guidance Warner Bros. Discovery explores potential breakup or sale amid takeover interest 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 markets open higher as stocks rebound from last week’s volatility despite a major Amazon Web Services (AMZN) outage that took down large portions of the internet overnight, including platforms like Coinbase (COIN), Robinhood (HOOD), and Disney+ (DIS). Amazon says the issue has been mitigated and services are returning to normal. Investors now turn their focus to a packed week of corporate earnings — with Tesla (TSLA), Netflix (NFLX), Coca-Cola (KO), and Intel (INTC) all set to report. The long-delayed September CPI report is also finally due Friday, giving the Fed its first real data point in weeks amid the government shutdown. On Wall Street, traders expect the reading to show inflation holding at 3.1% year over year, still well above the Fed’s 2% target. Meanwhile, luxury giant Kering (KER.PA) sold its beauty division to L’Oréal (OR.PA) for $4.7B, and Apple (AAPL) climbed after a Loop Capital upgrade on stronger-than-expected iPhone 17 sales. Takeaways: Massive AWS outage briefly takes down major sites like Coinbase, Robinhood, and Disney+ Tesla, Netflix, Coca-Cola, and Intel headline a busy week for earnings September CPI finally set for release after shutdown delays; Fed in focus Kering sells beauty arm to L’Oréal for $4.7B; Apple upgraded on strong iPhone demand 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 open mixed after President Trump told Fox Business the 100% tariff on China “won’t stand,” calling high tariffs “not sustainable.” Futures turned higher on hopes of easing trade tensions ahead of a planned Trump–Xi meeting in two weeks. The optimism comes after a turbulent Thursday that saw credit fears hit regional lenders. Zions Bancorporation (⁠ZION⁠) and Western Alliance (⁠WAL⁠) disclosed fraud-related loan losses that sparked a sell-off in bank stock. The 10-year Treasury yield fell below 4% for the first time since April as investors fled to safety. Gold continued its record run, nearing $4,400 an ounce — its best week since 2020 — while bitcoin (BTC-USD) dropped 8% amid liquidations and shifting risk sentiment. The White House is also preparing to ease tariffs on automakers, extending duty relief on imported car parts for five years after heavy lobbying from Ford (F) and General Motors (GM). Meanwhile, American Express (AXP) beat earnings expectations as affluent spending remained strong, and EssilorLuxottica (EL.PA) hit record highs on robust eyewear sales and AI-powered smart glasses developed with Meta (META). Takeaways: Trump says 100% China tariff “won’t stand,” easing trade tensions Regional banks slide after fraud losses at Zions and Western Alliance Gold heads for best week since 2020; bitcoin sinks 8% Automakers win tariff relief; AmEx and EssilorLuxottica report strong 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 open higher as the AI trade reignites on record results from Taiwan Semiconductor (TSM), which posted record quarterly profit and raised its 2025 outlook for the second time this year. The chipmaker expects mid-30% revenue growth next year and plans to expand production in Arizona with a new $40B investment. The news lifted Nvidia (NVDA), Broadcom (AVGO), and ASML (ASML) stock, while analysts warned the AI boom could be entering bubble territory. Bank of America’s latest fund manager survey cited AI as the top investor risk for the first time. Oil prices climbed after President Trump said India had agreed to halt imports of Russian crude oil, although New Delhi had not confirmed the claim. United Airlines (UAL) stock dipped after mixed results but rose in early trading on a stronger-than-expected holiday forecast. Meanwhile, Fed Governor Christopher Waller called for one more 25 bp rate cut this month but urged caution afterward. Meanwhile, newly appointed Governor Steven Myron pushed for a deeper 50 bp cut, underscoring growing divisions within the central bank. Takeaways: Taiwan Semiconductor lifts AI trade with blowout results and raised outlook Fed split: Waller calls for caution, Myron pushes for deeper cut United Airlines forecasts strong Q4 despite mixed Q3 results Oil rises on Trump’s claim India will stop Russian imports 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 rebound as investors digest another wave of strong bank earnings and rising geopolitical tension. Gold hits a new record above $4,200 an ounce, extending its 60% year-to-date surge amid fears over trade escalation and ongoing Fed easing. Bank of America (BAC) and Morgan Stanley (MS) topped expectations, boosted by a 40%+ jump in investment banking fees and robust trading revenue. Dutch chipmaker ASML (ASML) rallied after reporting $6.3B in quarterly bookings, fueled by AI infrastructure demand, even as it warned that US export restrictions to China could limit sales. Meanwhile, President Trump threatened to ban imports of Chinese cooking oil in retaliation for Beijing halting US soybean purchases, adding fresh uncertainty to trade talks ahead of a potential meeting with Xi Jinping. On the commodities front, silver soared alongside gold, now up 75% year-to-date, while analysts at Goldman Sachs and Bank of America forecast gold could hit $10,000 by 2030. Takeaways: Bank of America and Morgan Stanley beat estimates as dealmaking rebounds Gold surges past $4,200; analysts see $5,000—$10,000 potential long term Trump threatens Chinese cooking oil embargo amid worsening trade rift ASML beats earnings on AI demand but warns of China sales 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 stocks fall as tensions with China escalate after Beijing sanctioned the US subsidiaries of a major South Korean shipping company in retaliation for new American port fees. Investors are flocking to Treasuries while crypto tumbles, with traders bracing for more trade volatility heading into November. JPMorgan Chase (JPM), Goldman Sachs (GS), Citigroup (C), and Wells Fargo (WFC) all reported strong Q3 results, with JPMorgan posting record market revenue and BlackRock (BLK) seeing $205B in quarterly net inflows. Jamie Dimon called the US economy “resilient” but warned of rising risks from tariffs and geopolitics. Johnson & Johnson (JNJ) beat earnings estimates and raised its full-year guidance while announcing plans to spin off its orthopedics division within two years to streamline operations. Meanwhile, Oracle (ORCL) will deploy 50,000 AMD (AMD) GPUs as AI chip demand accelerates, and General Motors (GM) will take a $1.6B charge as EV subsidies expire. Finally, Oura CEO Tom Hale joined Yahoo Finance to discuss the company’s new $900M Series E round valuing the wearable tech firm at $11B and its push into AI-driven health insights. Takeaways: China sanctions US subsidiaries of South Korean shipper; trade tensions reignite JPMorgan, Goldman, Citi, and Wells Fargo all post strong Q3 earnings Johnson & Johnson to spin off orthopedics unit within 24 months Oracle to deploy 50K AMD GPUs; GM takes $1.6B EV charge 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 rally as President Trump strikes a conciliatory tone toward China after threatening new tariffs last week. Futures and European markets surged after Trump said “all will be fine” between Washington and Beijing, reassuring investors following a $2 trillion market sell-off on Friday. Chip and rare-earth stocks led gains as traders bet on a trade deescalation. Broadcom (AVGO) jumped after announcing a multiyear AI chip partnership with OpenAI, adding 10 gigawatts of computing capacity beginning in 2026. Meanwhile, JPMorgan Chase (JPM) launched a $10B initiative to invest in critical US industries like energy, aerospace, and defense, ahead of Tuesday’s big-bank earnings kickoff that also includes Citigroup (C), Wells Fargo (WFC), and Goldman Sachs (GS). Rare-earth miner MP Materials (MP) and fuel-cell firm Bloom Energy (BE) both rallied on new deals tied to AI infrastructure, while Fastenal (FAST) fell on weak construction activity. Takeaways: Trump eases tone on China; markets rebound after $2T sell-off Broadcom surges on new multiyear AI chip deal with OpenAI JPMorgan launches $10B investment push into US industrial sectors MP Materials and Bloom Energy rise on trade and AI tailwinds 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 “buy-everything” rally stretches into another session. Gold hits fresh records, crypto surges, and the dollar posts its best week of the year as investors juggle the so-called debasement trade narrative. The Bureau of Labor Statistics is recalling furloughed workers to release September CPI data despite the government shutdown, after the White House ordered the report’s completion to calculate next year’s Social Security cost-of-living adjustment. Levi Strauss (LEVI) tumbled 11% after warning of a soft holiday quarter even as profits beat expectations and full-year guidance was raised. Qualcomm (QCOM) fell after China opened an antitrust probe into its AutoTalks acquisition, while Applied Digital (APLD) jumped on stronger-than-expected revenue tied to AI data center builds for CoreWeave. Rare earth stocks rallied after the Trump administration took a 10% stake in Trilogy Metals (TMQ) to secure US access to critical minerals. Takeaways: Stocks extend “buy-everything” rally as gold, crypto, and dollar surge BLS recalls workers to finish CPI report amid government shutdown Levi’s beats but warns of tariff headwinds and weak Q4 outlook Qualcomm faces China antitrust probe; rare earths rally on US investment 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 hold near record highs after the S&P 500 (^GSPC) and Nasdaq (^IXIC) both closed at all-time highs. Gold remains near $4,000 an ounce, driven by safe-haven demand and central bank buying, even as Fed minutes showed policymakers divided on the pace of rate cuts. Chair Jerome Powell delivers remarks today at a community banking conference but is not expected to comment on monetary policy. Delta Air Lines (DAL) jumped after a strong Q3 earnings beat, reporting $15.2B in revenue and raising guidance for the rest of the year. CEO Ed Bastian said Delta could see its most profitable Q4 ever, fueled by strength in premium and business travel. PepsiCo (PEP) also topped estimates, with beverage sales offsetting weaker snacks as activist investor Elliott Management pushes for a portfolio review. Intel (INTC) rose on new chip rollout plans, Taiwan Semiconductor (TSM) reported a 30% quarterly sales jump, and Nvidia (NVDA) got a fresh price target hike to $300 from Cantor Fitzgerald. Takeaways: Delta beats big and raises guidance; premium and business travel soar PepsiCo tops estimates as beverage strength offsets snack weakness Gold holds near $4,000; Fed minutes show divided policymakers Intel, TSMC, and Nvidia rise on new AI chip optimism 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 rebound after a rare pullback, with futures pointing higher ahead of the Federal Reserve’s September meeting minutes. Gold surges past $4,000 an ounce for the first time as billionaire investor Ray Dalio calls it a stronger haven than the dollar, citing echoes of the 1970s inflation era. Nvidia (NVDA) reportedly invests up to $2B in Elon Musk’s xAI as the startup raises $20B to fund its Colossus 2 supercomputer project. The move follows OpenAI’s blockbuster AMD (⁠AMD⁠) deal, intensifying the AI arms race. Meanwhile, investors await Fed commentary for clues on future rate cuts amid a data vacuum caused by the government shutdown. In trending tickers, Verizon (VZ) partners with AST SpaceMobile (ASTS) to launch satellite-to-phone service, Penguin Solutions (AVCTQ) sinks on weak sales guidance, and Jefferies (JEF) slides after revealing $161M exposure to bankrupt auto supplier First Brands Group. Takeaways: Gold tops $4,000 as investors seek safety from inflation and a weak dollar Nvidia to invest up to $2B in Elon Musk’s xAI, fueling AI competition Fed Minutes expected to show division on pace of rate cuts amid shutdown Verizon expands space partnership, Jefferies discloses bankruptcy exposure 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 rise to new records as OpenAI and AMD (AMD) announce a massive AI computing partnership that includes OpenAI taking a 10% stake in the chipmaker. The deal cements AMD’s position as Nvidia’s (NVDA) top challenger in the race for AI dominance, with OpenAI agreeing to purchase six gigawatts of AMD’s Instinct GPUs over several years. Fifth Third Bancorp (FITB) will acquire Comerica (CMA) in an all-stock deal valued at $10.9 billion, creating the nation’s ninth-largest bank by assets. Bitcoin (BTC-USD) topped $125,000 and gold surged to record highs as investors hedge against the ongoing US government shutdown. In corporate shakeups, Verizon (VZ) named former PayPal CEO Dan Schulman as its new chief executive, replacing Hans Vestberg. Abroad, France’s prime minister abruptly resigned after less than a month on the job, while Japan prepares to swear in its first female prime minister, sparking a 4.7% surge in the Nikkei. Takeaways: OpenAI buys 10% of AMD in landmark AI chip partnership Fifth Third to acquire Comerica in $10.9B regional bank merger Gold and bitcoin rally to all-time highs amid US shutdown Verizon names Dan Schulman CEO; Japan elects first female prime minister 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 Wall Street extends its record run despite the government shutdown entering day three. Economic data remains frozen, with the September jobs report delayed, but investors continue to ride the AI wave as Nvidia (NVDA) and OpenAI unveil new partnerships. President Trump is reportedly preparing a $10B bailout package for US farmers hit by China tariffs, with soybean producers set to benefit most. Fifth Third Bancorp (FITB) and Comerica (CMA) shares remain in focus after their $10.9B merger announcement, while Bitcoin (BTC-USD) and gold hover near record highs. In trending tickers, Applied Materials (AMAT) slides after a $600M revenue hit tied to China export rules, Chevron (CVX) investigates a refinery fire in Los Angeles, and Cracker Barrel (CBRL) falls after reversing its controversial logo redesign following backlash from President Trump. Takeaways: Government shutdown extends into day three; September jobs data delayed Nvidia and OpenAI strike new partnerships, fueling AI momentum Trump proposes $10B farmer bailout amid ongoing China tariffs Applied Materials, Chevron, and Cracker Barrel move on headlines 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

Tech stocks powered futures higher after OpenAI’s valuation jumped to $500B in a secondary share sale, igniting fresh momentum in AI names. Nvidia (NVDA), AMD (AMD), Intel (INTC), and Qualcomm (QCOM) all rallied, while Samsung and SK Hynix surged in Asia on news that they signed supply deals with OpenAI. The US government shutdown entered its second day with no resolution as President Trump threatened permanent federal worker layoffs, while Treasury Secretary Scott Bessant warned of growth risks. Meanwhile, Warren Buffett’s Berkshire Hathaway (BRK-B) agreed to buy Occidental Petroleum’s (OXY) petrochemical business for $9.7B, deepening his bet on the energy giant. Tesla (TSLA) topped delivery estimates at 497,000, easing concerns about slowing sales. In trending tickers, REIT Fermi ([FERMI]) surged 55% in its IPO, and credit reporting firms Equifax (EFX) and TransUnion (TRU) tumbled after FICO (FICO) launched a new direct-to-lender scoring model. Takeaways: OpenAI hits $500B valuation, fueling global AI chip rally US shutdown enters day two; Trump threatens mass federal layoffs Buffett’s Berkshire buys OXY petrochemical unit for $9.7B Tesla beats Q3 deliveries; Fermi IPO surges, Equifax/TransUnion sink on FICO move 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