The Daily News Now! Business

The freight game is heating up as big players snap up rivals and investors see a potential supercycle brewing—trucking demand could surge, flipping the script on asset-heavy vs. asset-light carriers, with M&A fever gripping some sectors while others cool off. Experts are watching closely to see who’s making smart moves and who’s getting left behind in this fast-evolving market. Listen in comfort:...

California’s throwing down $135 million to supercharge EV adoption with instant point-of-sale rebates — a lifeline as federal tax credits shrink. Rivian’s new R2 models, priced around $45K, land perfectly in the state’s $50K cap (with a $25K cap for used cars), while Tesla’s pricier lineup gets skipped. Bonus: since Rivian’s based in California, it’s exempt from the price limit — a direct shot in...

Strategy, a major Bitcoin holder, is selling billions in Bitcoin to fund preferred stock dividends, sparking crypto market jitters—but Standard Chartered downplays the move, calling it background noise and reaffirming its $100K Bitcoin price target by 2026. The company’s business model has stalled, with Bitcoin’s value dropping from $63B to $54B, forcing a $1.25B sale. Analysts say clear communica...

Consumer discretionary stocks are lagging badly, barely gaining 1.6% over six months while the broader market surges — a red flag that demand for non-essentials is cooling. Disney’s growth trails peers and cash flow is tight, Lindblad Expeditions struggles with low margins and weak sales, and US Foods moves tons of product but gets crushed by expenses and poor cash flow. Together, these three show...

While the AI frenzy dominates headlines, three overlooked S&P 500 giants are trading at bargain prices—Copart, Rollins, and Otis. Copart, a veteran in totaled vehicle auctions, is bouncing back as car repair costs soar, despite recent hurricane-driven sales dips and leadership changes. Rollins, pest control’s undisputed leader, faces short-term jitters from a FTC ruling on non-competes, but its ma...

Microsoft’s emissions surged 25% in FY2025 as AI-driven data center expansion outpaced green energy solutions, pushing total emissions to 34 million metric tons—down to 20 million after carbon credits. With only four years left to hit their 2030 carbon-negative goal, the company shifted away from short-term renewable certificates, focusing instead on grid-adding clean energy projects. Scope 2 emis...

Goldman Sachs is set to unveil its second-quarter earnings on July 14, with markets watching closely to see if its explosive first-quarter M&A surge can sustain momentum — a 50% global deal volume spike that propelled Goldman’s investment banking revenue up 48%. While Q2 typically slows from Q1’s budget-driven peak, the firm remains in strong shape, thanks to its role as lead underwriter for the m...

Wall Street’s latest moves reveal a market buzzing with bets on AI, housing, and tech disruption: Shopify and Twilio get bullish upgrades as analysts see them riding the AI wave, while Citi sees Toll Brothers as a housing rebound play. But not all giants are winning—PepsiCo and Travelers face downgrades amid regional struggles and slowing growth, and Public Storage gets sidelined by Barclays. New...

Alan Greenspan, later Fed chair, penned a 1966 essay blasting the Fed’s own policies for fueling bubbles and crashes through easy money and low rates — a stark irony given his later role enforcing those very policies. He warned that artificial stimulus lets governments spend recklessly, shielding taxpayers from the cost — a critique that now feels hauntingly prescient as we grapple with today’s ec...

Abivax just landed $920 million in fresh funding, giving them the firepower to launch their bowel disease drug in the U.S. without needing a big pharma partner. With enough cash to last until 2029, they’re focused on getting obefazimod ready for market and advancing trials for ulcerative colitis and Crohn’s. CEO Marc de Garidel is shutting down takeover talk, confident their financial strength let...

Rigetti’s government-backed $100M deal signals major validation, but with stock now trading under $20, investors face a tough call: is it a buy? The company’s 108-qubit system and strong cash reserves offer promise, but the funding is conditional, comes with equity dilution, and their error rates still lag behind classical systems. With rising burn rates and looming capital needs, the real test is...

Trump refuses to sign a major bipartisan housing bill — the biggest effort in decades to combat soaring costs and boost construction — as a protest against the Senate’s failure to pass his favored voter ID law. Despite his veto threat, the bill will become law automatically under constitutional rules, showcasing Congress’s power to act even without presidential approval. His move underscores deepe...

Volkswagen is slashing its global car production by half, cutting models and options to focus on high-margin segments, amid plummeting sales and rising costs — especially in China — while avoiding immediate job cuts thanks to union resistance, and boosting cash with a major stake sale to shore up its finances. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn....

Parents can now stash money for kids’ futures through a special “Trump account” — employers can contribute up to $2,500 per child annually, tax-deductible for the company. When kids turn 18, they can roll it into their own retirement accounts, locking in lower tax rates and letting compound growth work its magic. While tweaks like easier access or more flexibility are worth discussing, don’t let c...

Tech execs are flooding the market with insider stock buys — 28 in six months, double since early 2026 — betting big on their own companies despite a sluggish tech market and rising interest rates. While investors pause amid AI hype and profit doubts, insiders like those in the “Magnificent Seven” are confidently adding to their stakes, signaling confidence where others hesitate — and pointing to...

Ukraine’s National Bank is launching its largest-ever banknote: a blue 2000-hryvnia bill hitting stores September 4, designed to ease cash transactions amid war, inflation, and digital payment hiccups. With inflation soaring and millions displaced, the central bank says higher-denomination cash remains vital—especially for frontline communities. The new note, featuring dissident poet Vasyl Stus, r...

Jet fuel prices dropped 36%, but Delta Air Lines says don’t expect cheaper flights—fares are rising instead. Why? Strong travel demand, especially from wealthier passengers, is outpacing falling fuel costs. Premium cabin revenue jumped 17% while main cabin rose just 8%, showing travelers with disposable income are flying—and keeping prices high. Though earlier fuel spikes cost Delta $358M, higher...

Micron’s stock took a hit despite strong earnings, but the dip is likely due to broader AI chip market shifts—not company-specific issues. With solid revenue and earnings growth, new long-term deals with price floors, and a forward P/E of just 6.4 (vs. 25-50 for peers like Nvidia), Micron is quietly building a profitable, high-growth position in AI infrastructure—making this dip a potentially smar...

Micron is pouring over $250 billion into U.S. semiconductor manufacturing by 2035—$50 billion more than planned—fueling a massive AI-driven chip boom. The company aims to produce 40% of America’s DRAM domestically, creating over 90,000 jobs nationwide. Their New York facility, near Syracuse, is already ahead of schedule and will be the largest semiconductor plant in U.S. history, bringing 50,000 j...

AI’s explosive growth is hitting a major roadblock: skyrocketing costs. Palo Alto Networks CEO Nikesh Arora warns that token prices must drop 90% for AI to truly scale in enterprises, predicting 80% cuts within a year and 10% the next. While OpenAI’s new model is 54% more efficient for coding, overall enterprise AI spending has tripled—because apps are calling models so often, costs pile up faster...

Trump refuses to sign a bipartisan housing affordability bill as a protest over the failed SAVE America Act — but the bill will still become law automatically this Saturday, turning his veto into a political spectacle with real-world consequences for renters and homeowners. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai...

Want to play it safe with stocks? Focus on the $10–$50 sweet spot—solid, established companies with growth potential and less risk than penny stocks. But beware: not all look-alikes are created equal. Varonis Systems, Bally’s, and Ingram Micro may seem tempting, but deeper dives reveal troubling signs—slow growth, wasted marketing spend, flat sales, falling earnings, and thin cash flow. These red...

Circle just snagged federal approval to launch Circle National Trust — a new national bank charter designed to bring its $73 billion stablecoin, USDC, under one unified federal roof. While it won’t take deposits or issue loans, this move centralizes custody of USDC’s reserves, previously held by third-party banks, directly under federal oversight. The bank, officially named First National Digital...

Bitcoin and Ethereum surge past $64K and $1,790 respectively, fueled by ETF inflows and optimism around the CLARITY Act—crypto’s rebound after a brutal June. But the real game-changer? The Federal Housing Finance Agency now says crypto counts as collateral for mortgages. Fannie Mae and Freddie Mac are gearing up to accept it, with pilot deals already closing in Michigan. This could be the moment c...

Investors are chasing hot assets like bitcoin ETFs, pouring money in hoping to cash in—but the funds themselves are outperforming their owners, leaving many with less than expected returns. This classic “chasing performance” trap, fueled by FOMO and herd mentality, often leads to disappointment. The real lesson? Emotions, not strategy, are driving the game—and many are getting played by their own...