For: October 30, 2025
>>Watching Wall Street
(New York, NY) -- The opening bell rings this morning after stocks closed mixed yesterday on Wall Street. That followed the Federal Reserve's announcement that it was lowering interest rates by a quarter percentage point. However, Federal Reserve Chair Jerome Powell indicated that another interest rate cut is not likely this year. Elsewhere, the Nasdaq closed at a record high. At the closing bell, the Dow Jones Industrial Average dropped 74-points to 47-632. The S&P 500 lost less than a point to 68-90. The Nasdaq gained 130 points to 23-958.
>>Trump Says He's Reached Deal With China
(Undated) -- President Trump says he's reached a one-year-deal with China on critical rare earth minerals and some tariffs. Trump announced the deal after meeting with Chinese President Xi Jinping [[ she jeen-peeng ]] in South Korea. The deal would see fentanyl-linked tariffs on China lowered by ten percent, cutting tariffs on Chinese exports cut from 57 percent to 47 percent. Trump also announced that China will start buying American soybeans again and said he plans to visit there next year.
>>Nvidia Becomes World's First $5 Trillion Company
(Santa Clara, CA) -- Nvidia is now the world's first five-trillion-dollar company. The tech company reached the historic mark as Wall Street opened on Wednesday. It comes just three months after it passed the four-trillion-dollar mark. Nvidia's value has been boosted by the demand for its AI chips. Its stock has risen about 50-percent so far this year.
>>Alphabet, Meta Report Sales Rise
(New York, NY) -- Tech giants Alphabet and Meta are both seeing a big rise in sales. Alphabet beat Wall Street expectations in the third quarter, reporting revenue of over 102-billion dollars. That includes over ten-billion dollars in YouTube advertising revenue and over 15-billion dollars in Google Cloud revenue. Meta, meanwhile, says its third-quarter sales rose 26 percent year-over-year, which is its highest revenue growth since the first quarter of 2024. However, the Facebook parent company says shares dropped nine-percent on Wednesday after President Trump's massive spending bill resulted in a one-time tax charge of nearly 16-billion dollars.
>>Members Of House Armed Services Committee Urge Boeing To End Strike
(St. Louis County, MO) -- Members of the U.S. House Armed Services Committee are urging Boeing to offer striking employees a fair contract so they can get back to work. A letter sent to the aerospace giant this week said the workers are essential to the success of the company and vital to U.S. national security. The more than 32-hundred workers on strike in the St. Louis area are responsible for the production of fighter jets, with the U.S. Air Force acknowledging the work stoppage is causing delays. They've been on strike since early August. The letter was signed by 17 of the 61 House members on the committee.
>>Eli Lilly, Walmart To Sell Zepbound
(Bentonville, AR) -- Eli Lilly and Walmart are working to increase access to the weight loss drug Zepbound. The partnership announced Wednesday will let customers buy the drug directly at retail locations for the first time. Next month, customers with a prescription and paying cash can get single dose vials of the drug over the counter or through home delivery. It will cost about 350-dollars a month for a single-dose vial.
>>AOL To Be Acquired By Italy's Bending Spoons
(Milan, Italy) -- An Italian tech company is acquiring AOL in an acquisition set to close by the end of the year. According to reports from Axios, Bending Spoons is buying AOL from private-equity firm Apollo Global Management for one-point-five-billion-dollars, but terms of the deal were not disclosed. Bending Spoons says AOL currently has about eight-million daily active users and 30 million monthly active users for its news, content and games web portal and email services. Bending Spoons also announced a deal set to close in the fourth quarter of 2025 to acquire Vimeo for one-point-38-billion in cash.
>>Chipotle Stocks Plunge On Weak Earnings Forecast
(New York, NY) -- Chipotle stock is plummeting after the restaurant chain lowered its sales forecast for the third straight quarter. Shares of Chipotle Mexican Grill fell 13 percent on Wednesday. CEO Scott Boatwright is blaming the shrinking sales on "consistent macroeconomic pressures." He said the company's consumer base is pulling back their spending, and dining less often due to concerns about inflation, particularly customers between the ages of 25 and 35.
