Today’s topics

• Frontier Airlines’ renewed bid for Spirit Airlines

• Apple slows down Vision Pro production

• The election shopping slump

• Tesla shares skyrocket 22%

• Waymo secures $5.6 billion

• Breakthrough eye implant

• Air taxi soon

  and more…

US stocks ended mixed on Friday as Treasury yields surged, contributing to weekly losses despite a robust earnings season. The S&P 500 hovered just below the flat line after breaking a three-day losing streak, while the Dow Jones fell 0.6%. In contrast, the tech-heavy Nasdaq rose about 0.6%, buoyed by major tech stocks ahead of their earnings reports next week, inching closer to its record of 18,579.

Frontier Airlines considers new bid for Spirit Airlines. Frontier Airlines is reportedly exploring a renewed bid for Spirit Airlines, as detailed by The Wall Street Journal. Following the news, Spirit’s shares surged nearly 30% in premarket trading, while Frontier's rose over 5%. Despite robust travel demand, Spirit has struggled financially, failing to post a profit in five of the last six quarters, leading to concerns about its ability to handle upcoming debt maturities.

Ethereum price may rebound toward $6K. Ethereum is currently testing a crucial support level that previously triggered a remarkable 160% rebound. As the native token, Ether (ETH), trades at $2,475—down 5.40% this month and on track for its first October loss since 2018—multiple factors indicate a potential bullish turnaround. Analysts are closely monitoring these signals as Ethereum aims for a recovery toward the $6,000 mark.

Tesla shares skyrocket 22% after strong earnings report. Tesla shares surged 22% on Thursday, marking the company’s best day in 11 years, thanks to a stronger-than-expected earnings report. The third-quarter profit margins received a significant boost from $739 million in revenue from environmental regulatory credits. CEO Elon Musk also projected vehicle growth of 20% to 30% for next year, surpassing analysts' expectations of 15%. This positive outlook further fueled investor enthusiasm for the electric vehicle giant. Elon Musk's net worth skyrocketed by $33.5 billion on Thursday, fueled by a remarkable 22% surge in Tesla Inc. shares.

Nvidia surpasses Apple as world's most valuable company. In a historic move, Nvidia briefly claimed the top spot as the world’s most valuable company, reaching a staggering $3.53 trillion market value—just ahead of Apple’s $3.52 trillion. The surge is driven by relentless demand for Nvidia’s AI chips, fueling a record-breaking rally in its stock. By the day’s end, Nvidia closed at $3.47 trillion while Apple remained close at $3.52 trillion, underscoring the fierce competition at the top.

Waymo secures $5.6 billion to accelerate robotaxi expansion. Alphabet's self-driving unit, Waymo, has successfully closed a $5.6 billion funding round aimed at expanding its robotaxi service across the U.S. This follows Google parent company Alphabet's announcement in July of a commitment to invest up to $5 billion over multiple years. Co-CEOs Tekedra Mawakana and Dmitri Dolgov stated that the funding will be used to enhance and advance their technology as competition in the robotaxi market intensifies.

US home sales surge to one-year high thanks to lower rates. New home sales in the U.S. surged to their highest level in over a year, with an annualized rate of 738,000 in September—up 4.1% from the previous month. This increase comes as builders offer more incentives and mortgage rates dipped, although they've started to rise again since then. Government figures exceeded economists' median estimate of 720,000, highlighting a robust response from buyers in the housing market.

OpenAI Set to Unveil Next Big AI Model, Orion, by December

OpenAI is gearing up to launch its next flagship model, codenamed Orion, by December, coinciding with the two-year anniversary of ChatGPT. Unlike previous releases, Orion won’t be widely available through ChatGPT at first; instead, OpenAI plans to grant initial access to select partner companies. This strategy aims to allow these partners to develop their own products and features using the new model, according to sources familiar with the plans.

Unlock your potential with free AI courses. NVIDIA has just launched a series of free online AI courses, perfect for those looking to boost their earning potential. It's not too late to dive into this booming field—job and business opportunities are abundant for anyone with ambition and dedication. With no payment required, you can start learning immediately and take your first step toward a successful future in AI. Don’t miss out—get involved and unlock your potential today.

Apple slows down Vision Pro production amidst waning sales. Apple is reportedly scaling back production of its Vision Pro headset and may halt manufacturing of the current model by year-end. Initial excitement following the February launch has diminished, with sales declining due to the headset's high price and competition from more affordable alternatives like Meta’s Quest.

Netflix launches TED Tumblewords: a daily word game. Netflix is introducing a daily word game, TED Tumblewords, inspired by Wordle. Players will slide rows of scrambled letters to form words in this engaging puzzle game from TED. Set to launch on November 19th for Android and iOS, you'll need a Netflix subscription to join in on the fun!

Apple Teases Exciting Week of Mac Announcements. Apple is set to kick off a “week” of Mac announcements starting Monday, as teased by SVP Greg Joswiak. While the company won’t host a formal product event this October, rumors are circulating about updates to its Mac lineup, including new models powered by M4 chips. Bloomberg’s Mark Gurman previously suggested that additional announcements, including a refreshed iPad Mini, could be on the horizon, with anticipation building for what Apple will reveal next week.

Crew-8 Astronauts Return to Earth After Record Space Mission

The Crew-8 astronauts have successfully splashed down in the Gulf of Mexico off the coast of Pensacola, Florida, after the longest mission for a SpaceX Dragon capsule to date. NASA astronauts Matthew Dominick, Michael Barratt, and Jeanette Epps, along with Roscosmos cosmonaut Alexander Grebenkin, landed safely on October 25 at 3:29 a.m. EDT, following a remarkable 235 days in orbit. Their return included a more than two-week wait aboard the International Space Station for favorable weather conditions, marking a historic achievement for their spacecraft.

SpaceX Breaks Records with 73rd Launch. On Saturday, SpaceX successfully launched a Falcon 9 rocket from Cape Canaveral, Florida, carrying 22 Starlink satellites into orbit. This marked a record-setting 73rd orbital rocket launch for the state this year. The Falcon 9 lifted off from Launch Complex 40 right on schedule at 5:47 p.m. EDT, continuing SpaceX's impressive momentum in expanding its satellite internet network.

Amateur Uncovers Largest Known Prime Number—It's Massive. A newcomer to the Great Internet Mersenne Prime Search (GIMPS) has discovered the largest known prime number, breaking a six-year drought in the quest for prime numbers. This colossal number, M136279841, boasts a staggering 41,024,320 decimal digits, making it too lengthy to write out in full—doing so would take months! Luke Durant, a former NVIDIA employee who started contributing last October, harnessed thousands of GPU servers across 24 data center regions in 17 countries to assist in his search. On October 11, a server in Dublin identified M136279841, and the following day, a Texas server confirmed its status as the new mathematical marvel.

Breakthrough eye implant restores vision for the legally blind. Science Corporation's retinal implant is giving hope to those with deteriorated central vision, enabling them to read, play cards, and recognize faces once again. In clinical trials, formerly legally blind participants could complete everyday tasks like reading books and doing crossword puzzles. CEO Max Hodak, ex-Neuralink president, was amazed when he saw a blind patient reading with the implant—prompting his company to acquire the technology from Pixium Vision. This achievement marks a promising advance in restoring sight for visually impaired individuals.

Revolutionary "Blended Wing" Aircraft Could Slash Carbon Emissions

JetZero, a US-based startup, is working on a radical "blended wing" aircraft design inspired by stealth bombers, aiming to reshape commercial aviation. Unlike traditional planes, this innovative design could hit California skies by the decade’s end, promising a breakthrough in reducing carbon emissions. Airlines worldwide are eyeing this technology as they work towards the aviation industry’s ambitious net-zero goal by 2050. If successful, JetZero's model might be the future of eco-friendly air travel.

FAA greenlights air taxis with new regulations. Electric-powered air taxis are closer to launch in the U.S. after the FAA issued a final rule for their operation and pilot training. FAA head Mike Whitaker announced that these new aircrafts, which take off like helicopters and fly like planes, will be integrated into national airspace as a distinct category. This regulatory move prioritizes safety and positions air taxis as a cleaner alternative to traditional planes, primarily for urban transportation of people and cargo.

American Airlines takes on 'gate lice' with new boarding system. American Airlines is testing a new boarding system to tackle the issue of "gate lice"—the term for passengers who crowd terminals in an effort to board before their designated group is called. The airline reports positive results from the initiative, which aims to alleviate congestion and reduce line-jumping, a behavior that has surged as travelers try to avoid hefty fees for checked bags and early boarding. The term "gate lice" gained traction around 2010, reflecting the rise in baggage fees. According to airline industry expert Gary Leff, these crowds are typically seen around leisure destinations, especially on peak travel days like Sundays in Orlando.

Step inside the world of Beetlejuice on Airbnb. Airbnb is resurrecting the gothic charm of Beetlejuice with a real-life version of the hauntingly iconic house in Hillsborough, New Jersey. Part of the platform's "Icons" program, this eerie experience lets fans immerse themselves in the macabre mansion for a three-hour stay.

Washington Post ends presidential endorsements, citing Bezos decision. The Washington Post announced it will no longer endorse presidential candidates, marking a shift from its long-standing tradition. Although editorial staff had prepared an endorsement for Democratic nominee Kamala Harris, the decision not to publish reportedly came from owner Jeff Bezos. This move drew immediate backlash and follows years of tension between former President Trump and Bezos, who has owned the paper since 2013. The Post had previously endorsed Trump’s opponents in both 2016 and 2020, notably criticizing him in its editorials.

The election shopping slump: how elections influence consumer behavior. As general elections approach, consumers often become hesitant to make significant purchases like homes, cars, and weddings, leading to what’s known as the election shopping slump. After the election, regardless of the results, spending typically rebounds as people feel more confident. 

Sleepy bees caught snoozing in a flower. Nature photographer Joe Neely captured a rare, heartwarming moment: two globe mallow bees dozing off inside a vibrant flower. Snuggled close and dusted in pollen, the bees rest together in the orange-crimson bloom, creating a picture-perfect scene straight out of a dream. Neely's snapshot gives a surprising glimpse into the secret lives of bees and reminds us that even the busiest pollinators need a nap.

TikTok of the day: watch here

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