MYB News: Today in business news
Costco sells a complete heat-and-serve Thanksgiving dinner for eight for $200
Costco, the warehouse store chain, offered a 5-pound turkey breast and sides shipped in a cooler box. Members paid $200 for the full meal kit. Check if your local Costco or its online delivery has holiday meal kits left. If you are hosting, compare the price to cooking from scratch.
Elon Musk loses billions as tech stock rout triggers market crash fears
Elon Musk saw billions wiped off his fortune as the Nasdaq plunged 6.4 percent in New York. The drop erased £2.2trillion in value from tech giants. Shares in Tesla tumbled 11 percent while SpaceX fell 9 percent.
Jewish billionaire Michael Dell loses over $20 billion in a single day
Dell Technologies shares tumbled after a Barclays downgrade. The drop marks the steepest fall since July. Michael Dell still holds a 40 percent stake in the hardware and server maker.
The rundown
Updated 1:32pm ETNJ Transit pushes 1,000 new homes near train stations in three towns
Treasury and IRS finalize 6,576 new Opportunity Zones through 2036
Palo Alto Networks in talks to buy Israeli startup Clutch Security for $500 million
Criterion Group plans a 321-unit residential building in Bushwick
Ken Griffin's $3B Carnegie Mellon campus in Miami's Wynwood draws praise
Chase adds 10,000 vacation homes to the Edit collection
Apple hits record $5.08 trillion value as investors flee AI hardware
Fidelity card spend bonus offers up to $50 back
More stories
See all- Nvidia shares fall 6 percent as IBM and Supermicro launch AI speed boost
- Massive tech sell-off wipes $2.5 trillion from the stock market
- Elon Musk says Tesla will wind down Cybertruck production next year
- Ralph Lauren shares drop 4 percent as investors demand even faster growth
- Teva Pharmaceutical Industries beats profit forecasts and raises 2026 revenue estimates
- New Jersey utility aid offers monthly energy credits of up to $200
- Intel expects a $600 million hit after an explosion at its Israeli plant
- Atlantic Union Bank launches checking bonus from $400 to $800
- IRS sets 2027 capital gains tax brackets and 0% rate limits
More stories
See allNvidia shares fall 6 percent as IBM and Supermicro launch AI speed boost
Massive tech sell-off wipes $2.5 trillion from the stock market
Elon Musk says Tesla will wind down Cybertruck production next year
Ralph Lauren shares drop 4 percent as investors demand even faster growth
Teva Pharmaceutical Industries beats profit forecasts and raises 2026 revenue estimates
Markets
Change over five daysShabbos
Parshas Chayei Sara| Friday, November 6 | Candles | Havdalah |
|---|---|---|
| Lakewood | 4:30pm | 5:30pm |
| Brooklyn | 4:28pm | 5:28pm |
| Monsey | 4:27pm | 5:28pm |
| Five Towns | 4:27pm | 5:27pm |
| Miami Beach | 5:17pm | 6:11pm |
Candle lighting 18 minutes before sunset. Times from Hebcal.
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Gencom and White Bridge Capital buy Miami InterContinental hotel for about $300 million
Two Miami investment firms just bought the iconic InterContinental hotel. The waterfront landmark changed hands in a deal valued at about $300 million. The 652-room property has anchored the downtown skyline since 1982. Over 400 workers keep the massive hospitality giant running daily.
Todd Boehly leads swap plan to buy Lukoil overseas assets
Todd Boehly is buying foreign assets of Lukoil in a $22 billion deal. A bank bought frozen Lukoil securities from Western funds to swap for the assets. The cashless deal puts shares into an escrow account instead of paying cash to Moscow.
Big tech plans $828 billion AI spend as stocks drop
Tech giants plan spending up to $828 billion on AI. Amazon and Meta join Microsoft in massive infrastructure outlays. Stocks tumbled Friday as markets lost one trillion in value. Heavy borrowing may soon raise capital costs for businesses everywhere.
Oracle shares slide to a four month low as Larry Ellison loses $11 billion
Jewish billionaire Larry Ellison watched his fortune drop by $11 billion on Monday. Oracle shares fell 8.5 percent to a four-month low following a massive new financing plan. The company filed to sell $20 billion in debt and equity. Investors worry about soaring artificial intelligence spending.
Shabbos
Parshas Chayei Sara| Friday, November 6 | Candles | Havdalah |
|---|---|---|
| Lakewood | 4:30pm | 5:30pm |
| Brooklyn | 4:28pm | 5:28pm |
| Monsey | 4:27pm | 5:28pm |
| Five Towns | 4:27pm | 5:27pm |
| Miami Beach | 5:17pm | 6:11pm |
Candle lighting 18 minutes before sunset. Times from Hebcal.
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