Status Feed

*AMD drops nearly 10% as AI stocks slide.*

Shares traded around *$526.91 at 1:36 PM Eastern*, down 9.98% from Thursday's close. Broadcom, Dell and AI cloud companies also fell in midday trading as concerns spread across the sector.

These are intraday prices, not the closing result.

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*New Jersey wants to pay you to shift your electricity use.*

Regulators approved the framework for *PowerUp NJ* yesterday. The idea: pay participating homes and businesses to use less power when the grid is busiest.

An EV charger could pause until later. A home battery could supply power during peak hours. A business could reduce usage during a utility event. Payments would depend on verified performance and the program's rules.

Participation would be voluntary, with customers choosing which devices and events to include.

*It's not open money you can collect today.* PSE&G, JCP&L, Atlantic City Electric and Rockland Electric must have interim programs running by October 1, 2027. Enrollment details and payouts still matter, so don't buy equipment assuming you'll qualify.

For property owners and businesses already planning energy upgrades, this is worth watching.

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*Kalshi ends Donald Trump Jr.'s advisory role.*

The split follows his investment firm backing rival Polymarket. Kalshi says it was mutual, with talks beginning in August.

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*Bitcoin is below $70,000. Borrowed money can make the drop hurt more.*

At 11:38 AM Eastern, Bitcoin was about *$68,657, down 4.1% over 24 hours*. Ether was around $1,929 (-3.6%), Solana $79.57 (-2.1%) and XRP $1.01 (-0.7%). These are rolling 24-hour changes, not stock-market-session moves.

One company shows the borrowing risk. Publicly traded Bitcoin business *Nakamoto* announced yesterday that Kraken agreed to push a 60 million USDT loan payment from this December to December 2027. USDT is a dollar-linked cryptocurrency.

*More time doesn't mean less debt.* Nakamoto still owes 165 million USDT: 105 million due in June 2027 and 60 million that December.

When Bitcoin backs a loan, a falling price can shrink the lender's safety cushion. Depending on the terms, the borrower may have to add collateral or repay some debt. Nakamoto flags that risk itself.

The extension isn't proof of bankruptcy or an explanation for the whole crypto market's decline. It shows why borrowing against a volatile asset adds another layer of risk.

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*Cars, rockets and satellites. One Musk company?* ITS GETTING REAL PEOPLE

Tesla and SpaceX are moving ahead with merger talks and could announce a deal as soon as December, Bloomberg reports. Early 2027 is also possible.

The idea: combine Tesla's cars and energy business with SpaceX's rockets and satellites under one roof.

The hard part? Deciding what shareholders get, who controls the business, and how Tesla's China operations fit with SpaceX's sensitive U.S. government contracts.

*No merger agreement has been announced.* Terms are still being worked out, and neither company commented in the report. Talks could still fall apart.

https://mybnews.com

*The S&P 500 closes down 0.35% ▼*
The S&P 500, America’s 500 biggest companies, closed at 7,592.40 on Thursday. The Nasdaq fell 0.39% and the Dow fell 0.36%. The index is 3.2% under its high of the past year.

*Nvidia led Thursday’s big moves, down 4.34% ▼*
Alphabet rose the most, 1.79%. The S&P 500 fell 0.35%. 11 of the 34 companies we follow rose, 22 fell.

*WIX shares slide as Bank of America cuts its rating* Bank of America analyst Michael McGovern lowered the price target for WIX to $68 from $75. Third quarter revenue rose 13% to $570.2 million, beating analyst estimates. However, adjusted operating income of $68.7 million missed the $74 million estimate. Growth in the agency site building business is slowing due to competition from artificial intelligence coding tools like Lovable and Cursor. *For the full story* https://mybnews.com/a/wix-shares-slide-as-bank-of-america-cuts-its-rating

*Everyone watches AI chips. Cisco is cashing in on what connects them.*

Cisco just reported *$18.5 billion in quarterly sales, up 24%, and $4.6 billion in net profit*.

What does it do? It sells equipment and software that connect and protect computer networks. Giant AI systems need their computers to talk to each other, not just powerful chips.

Cisco now expects *$9 billion in AI infrastructure sales to the biggest cloud companies this fiscal year*, more than double last year's total. It also raised its overall sales forecast.

*The business lesson: AI spending doesn't stop at Nvidia.* Someone has to build the connections too.

That $9 billion is a forecast, not money already earned. Results released Nov 12 for the quarter ended Oct 24.

*Robinhood margin balances hit $23 billion record* Robinhood Markets, the online brokerage firm, saw its margin loan balances reach $23 billion in October 2026. This is a 39% increase from last year and a 4% rise since the previous month. The growth shows that more customers are borrowing money to trade on the platform. *For the full story* https://mybnews.com/a/robinhood-margin-balances-hit-23-billion-record

*Inbox frozen? Microsoft confirms email trouble.*

Microsoft is investigating problems accessing Exchange Online, the service behind many work email accounts.

The company first flagged the Americas, then warned Microsoft 365 connections could be affected in *any region*. That doesn't mean every user is offline.

*As of 1:17 PM Eastern, the fix was still underway.* Waiting on an urgent email? Call or message the person instead of assuming it went through.

Link to mybnews.com

ANOTHER PERSPECTIVE

*Claude makes billions. So why is it still losing money?*

Imagine selling $100 worth of food but spending $104 making and running the business. You're getting customers, but you're still losing money.

That's the basic story at Anthropic, the company behind Claude. It brought in *$33.2 BILLION in sales in the first nine months of 2026*, yet recorded about *$1.3 billion in operating losses*. That's a big improvement from a $5.2 billion operating loss a year earlier.

*The expensive part? The computers.* Training AI and answering millions of questions takes enormous computing power. Anthropic rents much of that capacity and has committed to roughly *$900 billion in future computing and infrastructure purchases*. That's future spending, not guaranteed income.

And the scary *$104 billion net-loss headline*? Most of it comes from accounting adjustments tied to earlier financing, not $104 billion of cash disappearing.

Now investors get to put a price on the gamble: Anthropic expects to begin trading *November 19 as ANT*, with its proposed share-price range valuing it around *$1.3-$1.45 trillion*.

*The bet: today's giant computer bills build tomorrow's giant profits. The risk: those profits don't arrive fast enough.*

*Nakash brothers hand over the controls at Arkia.*

Rafi, Joe and Avi Nakash have signed a deal for new investors to take majority control after roughly 20 years.

The group includes Yariv Lerner, Viola Credit, Kidan Dahari, Yaron Adiv and Einav Adiv-Berar. Fresh money would go into the airline, with the Nakash family retaining a minority stake.

*Signed, not yet confirmed closed.* The investment amount and final ownership split remain undisclosed.

*From Apple to Nvidia? Trump wants Tim Cook.*

Trump is backing Cook to replace Jensen Huang, writing on Truth Social: *"A Legend replaces a Legend!"*

*It's a suggestion, not a done deal.* Nvidia's board is searching for a permanent CEO. Colette Kress is interim CEO while continuing as CFO.

Cook became Apple's executive chairman in September, when John Ternus took over as CEO.

Nvidia hasn't announced Cook as a replacement, and there's no confirmed indication he's interested or in talks.

*Why did stocks get hit this morning, and why isn't everything still falling?*

By *11:53 AM Eastern*, the *S&P 500 was up 0.18%, Nasdaq 0.12% and Dow 0.29%*. All three had recovered from early losses, even as stocks including Rivian and Nvidia remained down.

Two pressures have investors on edge:

*Nvidia's leadership shock.* Jensen Huang's resignation created uncertainty around one of the biggest names in AI. Nvidia's size and influence mean its problems can shake confidence well beyond one stock.

*Interest-rate worries.* Investors are concerned the Federal Reserve could raise rates again to fight inflation. Higher borrowing costs squeeze businesses, while higher bond yields give investors an alternative to stocks. Companies spending heavily before becoming profitable can be especially sensitive.

But every red stock has its own story. Earnings, debt, valuation and company news still matter. *The indexes can turn green while your portfolio stays red.*

Today's early sell-off and late-morning recovery both happened. The time on the chart matters as much as the headline.

Link to mybnews.com

*Rivian is selling more vehicles. So why is the stock still struggling?*

RIVN traded at *$13.09 at 11:53 AM Eastern, down 3.32%* from Wednesday's close.

The electric SUV, pickup and delivery-van maker is betting big on its R2 SUV. Third-quarter deliveries reached *19,248, up 46%* from a year earlier, while revenue climbed *38% to $2.155 billion*.

But selling more cars doesn't automatically mean making money. Its vehicle business posted an *$80 million gross loss*. Software and services generated $256 million in gross profit, but after all expenses, Rivian still lost *$913 million attributable to common shareholders* and burned about *$1.12 billion in free cash flow* during the quarter.

*The bull case:* more R2 sales spread factory costs over more vehicles, while software brings in higher-margin income. Rivian raised its 2026 delivery outlook to 67,000-70,000 vehicles.

*The risk:* growth stays expensive. R2 launch costs added about $120 million during the quarter, and the vehicle business still isn't consistently profitable.

Those earnings came out October 29, not today. Today's drop comes during a jumpy market, with no single confirmed new Rivian headline explaining the entire move.

*The big question: can Rivian turn growing sales into a business that pays for itself?*

*Nvidia drops 7.81% so far today ▼* Nvidia is at $160.17 at 9:50 am, down $13.56 from Wednesday’s close. Every $1,000 held in Nvidia went down about $78 so far today. Nvidia is 34.2% below its 52-week high of $243.37.

*Zcash lost about a quarter of its value in seven days.*

The privacy-focused cryptocurrency traded around *$959.41 at 8:34 AM Eastern*, down roughly *26% over the week*, not in a single day.

The slide has come alongside withdrawals from its exchange-traded fund. ZCSH saw about *$14.6 million in net withdrawals on Wednesday*, bringing November's total through November 11 to nearly *$30 million*. Reports also point to leveraged traders being forced out of positions, adding selling pressure.

*What investors are saying:* crypto analyst Altcoin Sherpa is watching $800-$900 as a possible bottom, not a confirmed one. Grayscale's Steve Vanourny argues financial privacy becomes more valuable as AI makes online activity easier to analyze.

Grayscale, which manages the Zcash fund, pledged *$1 million to support the ecosystem*. That's development and education support, not a promise to buy $1 million of ZEC or stop the decline.

*Even a promising idea can have a painful price chart. A bullish story isn't protection against losses.*

NEWS: Tesla has passed Waymo in Texas robotaxi registrations for the first time, 1,302 to 1,297, per the Texas DMV.

That's 573 Cybercabs and 729 Model Ys. In June, Tesla had just 59 registered. Two days ago it was still behind, and now it's in the lead.

Waymo took years to build its Texas fleet, and Tesla caught it in about five months.

With Cybercabs coming off the line, this lead has room to grow. $TSLA

Link to mybnews.com