Month: November 2025
FAA flight cuts squeeze freight capacity in peak shipping season
U.S. Transportation Secretary Sean P. Duffy and FAA Administrator Bryan Bedford hold a press conference at the U.S. Department of Transportation Headquarters on Nov. 5, 2025 in Washington, DC. Tasos Katopodis | Getty Images U.S. logistics companies warned Thursday that the Federal Aviation Administration’s decision to cut flight capacity at 40 major airports by 10% […]
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AI startup Metropolis, biggest parking lot network in U.S., raises $1.6 billion for major retail expansion
Metropolis, which uses AI and computer vision to identify vehicles and take parking lot payments without any physical transaction, has raised $1.6 billion in combined debt and equity in a new fundraising round at a $5 billion valuation. Already the largest parking lot network in the U.S., handling more than 7% of licensed drivers (nearly […]
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Matthew McConaughey, Ryan Reynolds-backed password manager tops $400 million in ARR on AI tail winds
Ryan Reynolds (L), Scarlett Johansson (C), and Matthew McConaughy Reuters Cybersecurity startup 1Password, backed by Ryan Reynolds, Matthew McConaughey and Scarlett Johansson, has topped more than $400 million in annual recurring revenue, the company said Thursday. “We believe we’re at a pretty significant inflection point in our journey,” CEO David Faugno told CNBC. “We’re set […]
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Inside the Gulf’s trillion-dollar AI gamble
With energy and cash to spare, the Middle East’s wealthy Gulf states are attempting to position themselves as the next global AI hub. Source
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Trump announces deals with Eli Lilly, Novo Nordisk to slash weight loss drug prices, offer some Medicare coverage
U.S. President Donald Trump attends an event to make an announcement from the Oval Office at the White House in Washington, D.C., U.S. Nov. 6, 2025. Jonathan Ernst | Reuters President Donald Trump on Thursday announced deals with Eli Lilly and Novo Nordisk to slash the prices of some of their obesity drugs, including upcoming […]
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Stocks making the biggest moves midday: Brighthouse Financial, Duolingo, Datadog, Snap & more
Check out the companies making the biggest moves midday: Brighthouse Financial — The insurance company soared 26% on after it announced it would be bought by Aquarian Capital for $70 per share in cash, or around $4.1 billion. The deal is expected to close next year. Golden Entertainment — The casino operator surged 36% after […]
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Dow drops 400 points as AI stocks resume their decline, Nasdaq falls 1.9%: Live updates
A trader works on the floor of the New York Stock Exchange. NYSE U.S. stocks retreated on Thursday as names in the artificial intelligence trade came under pressure yet again amid worries around eye-watering valuations. The Dow Jones Industrial Average slipped 455 points, or 1%. The S&P 500 traded down by 1.2%, while the Nasdaq […]
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Doordash stock drops 15%, heads for worst day ever on spending concerns
Doordash‘s stock plummeted toward its worst session ever as investors rejected the company’s aggressive spending strategy. The food delivery platform said it plans to shell out “several hundred million dollars” next year on new product initiatives like autonomous delivery and a new global tech stack. These plans will improve its product globally, but involve “direct […]
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This fintech unicorn just launched an AI agent to handle billions of dollars in CRE lending
Zoom In IconArrows pointing outwards Courtesy of Built Technologies A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive […]
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FAA announces flight reductions at 40 airports. Here’s what travelers need to know
A Republic Airways plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025. Samuel Corum | Bloomberg | Getty Images Airlines rushed to provide travelers updates after the Federal Aviation Administration said Wednesday that it would reduce flights across 40 […]
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