Business News

AM Business Notebook

Categories: Business

For: November 5, 2026

>>Watching Wall Street

(New York, NY) -- The opening bell rings this morning after stocks closed higher on Wall Street Wednesday. Stocks saw a huge surge after Democrats walked away from the midterm elections with control of the House and Senate. President Trump accepted the results and said he would work with Democrats. Shares linked to the economy that could benefit from a less volatile environment have seen gains. At the closing bell, the Dow Jones Industrial Average gained 1,569 points to end the day at 53-356. The S&P 500 rose 119 points to 76-88. The Nasdaq climbed 364 points to 25-736.

 

>>Oil Drops To Lowest Price Since October

(Undated) -- Oil prices extended their slide Wednesday, reaching the lowest level since August 31st. At last check U.S. crude was trading at around 88 dollars a barrel, while Brent crude, the international benchmark, was creeping back up to above 95 dollars a barrel. The drop in price is being driven by the expectation of less conflict with Iran after Republican midterm losses. Recovering oil supplies are also playing a role.

 

>>Winning Powerball Ticket Worth $847M Sold In NJ

(Undated) -- A winning Powerball ticket has been sold in New Jersey, worth 847-million dollars. Should the lucky winner, or winners, take the one-time cash payout option that works out to just over 363-million bucks. Prior to Wednesday night's drawing, there hadn't been a grand prize winner in the Powerball lottery since August when a single winning ticket was sold in Illinois worth more than a billion dollars.

 

>>CVS Plans Major Corporate Split By 2028

(Woonsocket, RI) -- CVS Health plans to split into two publicly traded companies by the first half of 2028. The move would separate its roughly nine-thousand retail pharmacies from its insurance and pharmacy benefit businesses. The split would reverse its 78-billion-dollar acquisition of Aetna in 2018. CEO David Joyner says the move will help improve affordability, efficiency and customer care.

 

>>Meta Acquires Conductor

(Menlo Park, CA) -- Meta has bought Conductor, an AI coding startup founded in 2024. Meta says the acquisition will bolster the company's use of AI in software engineering. The Conductor Cloud, a sandbox used for hosted AI-agents, will go read-only November 13th before shutting down a week later. Financial details of the deal were not disclosed. 

 

On Air Now

KBND Morning News
KBND Morning News
6:00am - 9:00am
KBND Morning News

FlashAlert

KBND ON FACEBOOK

Duck Insider

News Disclaimers