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Ripple Swell 2025 Live: IPO Talks Ignite with BlackRock and Nasdaq on Stage

Forex 3 Mins Read

The post Ripple Swell 2025 Live: IPO Talks Ignite with BlackRock and Nasdaq on Stage appeared first on Coinpedia Fintech News

Ripple Swell 2025 is underway in New York City, bringing together global financial leaders, blockchain innovators, and institutional partners. At the event, the Nasdaq CEO announced that over 17 crypto companies are waiting for IPO approval once the U.S. government shutdown ends, showing rising institutional demand for digital assets. 

She said this marks the next big wave of crypto listings that could unlock billions in capital. Adding to the excitement, BlackRock executives also took the stage, opening up about the company’s growing focus on blockchain, tokenization, and stablecoin-backed investments.

This year’s Swell comes at a defining moment for Ripple. 

After a series of acquisitions and global partnerships, the company is positioning itself as a bridge between traditional finance and digital assets. Industry insiders expect Ripple to highlight how it plans to scale its institutional services, focusing on liquidity, custody, and on-chain settlement solutions.

Ripple’s launch of Ripple Prime, a new spot prime brokerage service for institutions, will likely take center stage. The service allows clients to trade spot and digital assets under full compliance, marking Ripple’s first step into the prime brokerage sector traditionally dominated by global investment banks.

Focus on Stablecoins and Treasury Integration

Ripple’s RLUSD stablecoin is expected to be a major talking point. RLUSD, designed for enterprise and cross-border use, could serve as a key component in Ripple’s expanding liquidity ecosystem. Experts anticipate new updates on how RLUSD will integrate with Ripple Prime and GTreasury, which provides cash and treasury management tools to Fortune 500 companies.

This integration could signal a deeper move into corporate finance, allowing global firms to manage funds and payments directly on-chain.

New Partnerships and Global Rollouts

Ripple Swell has often been the stage for unveiling major partnerships, and 2025 should be no different. The company is expected to announce new banking collaborations and possibly expand its network in regions like Asia, the Middle East, and Europe.

Given Ripple’s push toward institutional adoption, announcements related to tokenization, cross-border settlement, and treasury automation are likely. The event may also provide updates on how Ripple’s technologies are being integrated into traditional payment systems and regulatory frameworks.

Beyond announcements, Swell 2025 is expected to deliver insights into how Wall Street and blockchain are converging. Panels featuring executives from global financial institutions will discuss blockchain adoption, regulatory clarity, and the next phase of digital finance.

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Economy

Kimberly-Clark to buy Kenvue in $48.7 billion deal

Economy 1 Min Read

Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create one of the biggest consumer health goods companies in the United States.

Shares of Kenvue were up 18% in premarket trading, while Kimberly-Clark‘s shares were down 12.5%.

Kenvue has been under a strategic review, leadership shake-up, and mounting litigation risks. It came under fresh scrutiny following President Donald Trump’s comments linking its popular pain medicine Tylenol to autism.

The deal will bring together brands including Neutrogena, Huggies and Kleenex under a consumer health and personal care company with expected combined annual revenues of roughly $32 billion.

Sources in June told Reuters the strategic review of its operations could include a sale or breakup of the company that had been spun off from healthcare conglomerate Johnson & Johnson JNJ.N in 2023.

Kenvue‘s shareholders will receive $3.50 per share and 0.15 Kimberly-Clark shares for each Kenvue share held. That implies a per-share deal value of $21.01, or an equity value of $40.32 billion, according to Reuters calculations.

This post appeared first on NBC NEWS

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Stocks

Tesla stock down over 2% as Musk pay vote nears: what to expect?

Stocks 4 Mins Read

Tesla stock fell in early trading on Tuesday as investor uncertainty mounted over Chief Executive Elon Musk’s proposed $1 trillion compensation package.

The decline comes just days before shareholders vote on the plan, which has divided major institutional investors and reignited debate over Musk’s influence at the electric-vehicle maker.

The stock was down 2.6% at $456.40 in early trading. Broader market weakness added pressure, with S&P 500 futures down 1% and Dow Jones Industrial Average futures off 0.7%.

Coming into Tuesday’s session, Tesla stock was up 16% year-to-date and 93% over the past 12 months, reflecting sustained optimism around its long-term growth story despite short-term turbulence.

Norway’s Sovereign Fund rejects Musk’s pay award

The latest headwind came from Norway’s sovereign wealth fund, which said it would vote against the proposed package.

The $1.9 trillion fund, one of Tesla’s largest institutional shareholders with a 1.2% stake, cited concerns about the “total size of the award, dilution, and lack of mitigation of key person risk.”

“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk—consistent with our views on executive compensation,” the fund said in a statement.

The rejection introduces a degree of uncertainty into the outcome of the November 6 shareholder vote.

Musk’s plan would award him about 425 million incentive-linked shares, designed to raise his voting control to 25%, a level he has said is necessary to oversee Tesla’s artificial intelligence initiatives.

The fund had also opposed Musk’s previous pay package in 2024. Earlier this year, leaked messages revealed tensions between Musk and the fund’s chief executive, Nicolai Tangen, after Musk sent a curt message saying, “friends are as friends do.”

Divided investor base

Norway’s fund is the largest institutional investor to publicly declare its vote on Musk’s package.

Other major stakeholders, including CalPERS and the New York State Retirement Fund, have also voiced opposition.

Proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS) have recommended that shareholders reject the plan, prompting Musk to label them “corporate terrorists” during Tesla’s recent earnings call.

Not all major investors share that view. Support has come from the Florida State Board of Administration and ARK Invest’s Cathie Wood, both of whom back Musk’s leadership and the company’s AI ambitions.

The two largest shareholders, Vanguard and BlackRock, have not yet disclosed their votes.

Market sentiment remains tense ahead of the shareholder meeting. Wedbush analyst Dan Ives expects investors to approve the plan, calling it “the smart move by the Board to lay out these incentives/pay package at this key time as the biggest asset for Tesla is Musk.”

Ives rates Tesla shares Buy with a $600 price target.

Tesla sales remain under pressure

Tesla’s China-made electric vehicle sales declined 9.9% in October to 61,497 units from a year earlier, reversing a 2.8% gain in September, according to data from the China Passenger Car Association released Tuesday.

Sales of the Model 3 and Model Y vehicles produced at Tesla’s Shanghai gigafactory — including exports to Europe, India, and other markets — fell 32.3% from September.

The company’s global sales momentum has slowed as demand weakens in Europe and uncertainty lingers in the US market following the expiration of tax credits that had supported record deliveries in the third quarter.

In Europe, Tesla’s sales through September were down 28.5% compared with the same period last year amid intensifying competition from legacy automakers and new Chinese brands.

Analysts point to Tesla’s ageing model lineup and limited vehicle range as key factors behind its recent struggles in an increasingly crowded market.

The post Tesla stock down over 2% as Musk pay vote nears: what to expect? appeared first on Invezz

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Forex

What Is Digitap ($TAP)? The Top Crypto Presale of 2025 Explained

Forex 5 Mins Read

The post What Is Digitap ($TAP)? The Top Crypto Presale of 2025 Explained appeared first on Coinpedia Fintech News

In 2025’s crowded cryptocurrency market, one name is quickly becoming impossible to ignore — Digitap ($TAP). While hundreds of tokens compete for investor attention, Digitap has managed to stand out with a working product and real-world financial use cases. For many analysts and traders, it’s emerging as the best crypto to buy now because it promises something crypto has long needed: true financial utility.

Digitap bridges traditional banking and digital assets, offering users the ability to send, spend, save, and exchange both crypto and fiat in seconds. Digitap’s presale has already raised over $1.3 million, and analysts believe this figure could multiply as awareness spreads. The token’s current price is $0.0268, and it will increase to $0.0297 in the next round, creating a strong incentive for early entry.

Why Digitap Is Being Called the Best Crypto Presale of 2025

Beyond its numbers, what makes Digitap unique is that it’s not selling a promise — it’s selling access to a product that already exists. Unlike most altcoins to buy, which take months or years to build a working platform, Digitap’s mobile app is already live for download on both Android and iOS. 

Users can access crypto and fiat wallets, offshore banking services, debit cards, and instant transfers — all through one simple interface. This makes it one of the most advanced real-world use cases in the crypto presale space right now.

At its core, Digitap’s goal is to simplify global finance. It allows users to manage every aspect of their money under one secure system. The app provides instant borderless transfers, multi-currency accounts, and AI-powered smart routing to ensure the best exchange rates in real time.

It’s designed for both the unbanked and tech-savvy users who want full control over their money without the barriers of traditional banking. With bank-grade encryption, multi-factor authentication, and zero-tracking privacy, it gives users a level of control and safety unmatched by typical DeFi apps.

The Digitap Card: Real-World Utility That Outshines Competitors

One of Digitap’s biggest attractions is the Digitap Card. A real and fully functional payment card that allows users to spend crypto like cash anywhere Visa is accepted. Digitap works with both Apple Pay and Google Pay, letting users tap and pay globally without hassle.

Unlike other crypto cards that require lengthy verification, Digitap offers no-KYC onboarding, meaning users can create a virtual card within minutes while retaining full financial privacy. They can also generate unlimited virtual cards for secure online purchases or order custom-designed physical cards.

With this card, crypto becomes more than an investment as it becomes a spendable currency. It’s one of the reasons many investors now consider Digitap the crypto to buy now, as it’s already delivering real-world usability rather than speculative promises.

Deflationary Tokenomics and Real Rewards

Digitap’s tokenomics are built to support long-term growth and real utility. The $TAP token has a fixed supply of 2 billion, meaning no additional tokens will ever be minted. Its deflationary model burns tokens through platform activity, reducing supply over time and increasing scarcity.

Every transaction in the ecosystem contributes to auto buybacks and burns, while users earn instant cashback and staking rewards. Early adopters can stake during the presale for returns up to 124% APR, depending on lock-up duration (max 5 years).

Importantly, these rewards don’t come from inflation — they’re distributed from a pre-allocated pool, preserving token value. This approach has made Digitap one of the most trusted altcoins to buy among long-term investors.

Global Banking Without Borders

Digitap’s broader ecosystem is engineered for global users. It provides offshore bank accounts, multi-currency IBANs, and instant global withdrawals, making it especially appealing to freelancers, entrepreneurs, and digital nomads. With the app, anyone can move money across borders within seconds, at fees as low as 1% or less, compared to the global remittance average of 6.2%.

The global crypto landscape has expanded faster than ever, with over 580 million active users. At the same time, the total payments industry is going to surpass $250 trillion annually by 2027. These staggering figures reveal the massive financial ecosystem Digitap aims to modernize and connect through its all-in-one app.

Digitap offers anonymous accounts, offshore protection, and no data tracking. Its infrastructure ensures that user data is never shared or sold, and transactions remain private. This privacy-first approach, coupled with global compliance through offshore regulation, positions Digitap as one of the few projects balancing legality with freedom.

Why Digitap Might Lead the Next Generation of Altcoins

The combination of working products, early presale entry, privacy, and user-first design has made Digitap a headline-maker. Analysts predict that its presale could see prices rise steadily through each phase, and possibly see massive listing gains post-launch.

Digitap is where crypto meets convenience, and privacy meets practicality. For anyone exploring the crypto presale in 2025, Digitap stands out as one of the most grounded and promising investments. With its real-world functionality and instant global utility, it’s a movement toward how finance should work in the modern world.

Digitap is Live NOW. Learn more about their project here:

Presale https://presale.digitap.app

Website: https://digitap.app 

Social: https://linktr.ee/digitap.app 

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Stocks

MongoDB shares climb on leadership change, strong Q3 outlook

Stocks 3 Mins Read

Database software maker MongoDB announced on Monday the appointment of Chirantan “CJ” Desai as its new chief executive officer, succeeding Dev Ittycheria, who is stepping down after an 11-year tenure.

The leadership transition will take effect on November 10, the company said in a statement.

Shares of MongoDB surged more than 7% in premarket trading following the announcement, as investors welcomed both the company’s upbeat third-quarter outlook and the smooth leadership transition.

However, the stock gave up some of the gains at market open and was trading higher by 3.5%.

Ittycheria will continue to serve on the company’s board.

A planned transition after a decade of growth

Ittycheria, who took over in 2014, led MongoDB through a period of remarkable expansion, including its 2017 IPO and the company’s evolution into a major player in the database software market.

He told CNBC that the succession was part of a long-term plan.

“Earlier this year, as part of normal succession planning, the board asked about my long-term plans,” Ittycheria said. “After discussions with my family and the board, I realized I couldn’t commit to another five years as CEO.”

Before joining MongoDB, Ittycheria co-founded BladeLogic, taking it public in 2007 before selling it to BMC for $854 million the following year.

Under his leadership, MongoDB transformed from a niche developer favorite into a mainstream enterprise software provider competing with giants like Oracle, while shifting its business model toward cloud subscriptions and AI-powered database capabilities.

MongoDB’s stock has risen fifteenfold since its IPO, closing Friday at $359.82 and giving the company a market capitalization of nearly $30 billion.

CJ Desai brings deep cloud and AI experience

Desai joins MongoDB from Cloudflare, where he served as president of product and engineering.

He will officially assume the CEO role on November 10, shortly after stepping down from Cloudflare on November 7.

Previously, Desai held senior positions at ServiceNow, EMC, and Symantec.

His appointment follows what MongoDB described as a “comprehensive CEO search” to identify a next-generation leader experienced in cloud infrastructure, AI, and enterprise software innovation.

Ittycheria said the board felt confident in Desai’s leadership after consulting people familiar with his past work.

“We felt very, very comfortable that CJ is the right person to lead MongoDB in this next era,” he said.

Desai said he intends to build on MongoDB’s momentum: “I look forward to growing MongoDB to $5 billion-plus in a durable, profitable way and to make it the gold standard for modern database technology.”

Upbeat outlook boosts sentiment

Alongside the leadership news, MongoDB said it expects to exceed the high end of its fiscal third-quarter guidance for both revenue and adjusted earnings per share.

The company’s previous forecast had called for revenue of up to $592 million and earnings of 79 cents per share.

Analysts are set to hear more about the leadership change during a scheduled conference call with executives at 10 a.m. ET on Monday.

The post MongoDB shares climb on leadership change, strong Q3 outlook appeared first on Invezz

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Forex

Altcoin Season 2025: Why Analysts Say the Bear Market Is Finally Ending

Forex 3 Mins Read

The post Altcoin Season 2025: Why Analysts Say the Bear Market Is Finally Ending appeared first on Coinpedia Fintech News

The crypto market has faced one of its longest and toughest periods for altcoins. Many investors who held through this phase are sitting on steep losses, with prices struggling to recover despite strong macro signals. Analyst Michael van de Poppe believes this exhaustion phase could be nearing its end.

According to him, the recent correction after the Federal Reserve’s latest meeting has shaken market confidence, but the underlying data shows a shift is coming. The Fed decided to cut rates by 25 basis points and plans to end quantitative tightening by December 1. This move could mean that the tightening phase of the cycle is almost over—a condition that has historically marked the start of new bull markets.

End of Tightening Could Mark a Turning Point

In previous cycles, similar monetary policy changes have triggered massive runs in crypto. In 2020, when the Fed began cutting rates and launched quantitative easing, Bitcoin and altcoins entered a powerful bull phase. On the flip side, the tightening and rate hikes that began in late 2021 started the bear market investors are still feeling today.

This time, conditions again point to a transition. Inflation is no longer the Fed’s main concern; employment and economic growth are taking priority. Weak labor and business data could force the Fed into more rate cuts. That would boost liquidity and create a favorable environment for risk assets, including cryptocurrencies.

Gold Peaks, Risk Assets Prepare to Move

Van de Poppe said that gold, often a signal of risk-off sentiment, has recently peaked and fallen by nearly 10 percent. Historically, when gold cools off after a strong run, money begins flowing back into risk-on assets such as stocks and crypto.

Bitcoin remains in a tight range around the $109,000 level, but its valuation compared to assets like gold and copper suggests it is undervalued. Van de Poppe expects this lag to close as liquidity shifts, potentially sending Bitcoin toward $150,000–$170,000 in the coming quarters.

As Bitcoin regains momentum, altcoins are likely to follow. Many smaller cryptocurrencies are already showing signs of bullish divergence, a pattern that often marks the beginning of a recovery.

The Setup for the Next Altseason

While the market reaction to the Fed meeting was negative in the short term, the longer-term setup looks increasingly favorable. The end of quantitative tightening, possible rate cuts, and a cooling gold market all point toward a return to risk-taking.

This combination could mark the early stages of a new cycle. Altcoins, which have been in deep correction for months, may finally see relief once Bitcoin breaks key resistance around $112,000.

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Stocks

Top S&P 500 and Nasdaq 100 stocks to watch this week

Stocks 3 Mins Read

The S&P 500 and Nasdaq 100 indices will be in the spotlight this week as investors watch key corporate earnings. They will also react to the recent Federal Reserve interest rate decision. This article looks at some of the top S&P 500 and Nasdaq 100 Index stocks to watch this week.

Palantir Technologies (PLTR)

Palantir Technologies’ stock price has been in a strong uptrend in the past few years. It has jumped to a record high of $203, up by 212% above the lowest level this year. This surge has brought its market capitalization to over $475 billion. 

The PLTR stock price has jumped because of its strong financial results, which have demonstrated demand for its software solutions, especially its AIP solution, which helps companies build AI solutions. 

Analysts anticipate the results to show that the company’s revenue jumped by 50% in Q3 to $1.09 billion. Its earnings-per-share is expected to move from $0.1 to $0.17, while its revenue estimate for the year will be $4.16 billion.

Palantir Technologies’ stock will be in the spotlight as investors eye the ongoing artificial intelligence growth. More upside will likely push its market valuation to over $500 billion, making it one of the most overvalued companies.

Read More: Palantir stock price forecast amid heightened valuation risks

Warner Bros. Discovery (WBD)

Warner Bros. Discovery stock price will also be in the spotlight this week as it releases its results. These will be important numbers because of the ongoing performance of its business and potential acquisition.

The company recently announced that it was for sale, and some bidders have come up. Some of these potential bidders are companies like Netflix, Comcast, and Skydance Paramount. 

We believe that Netflix will not make a bid, unless it is for its studios and HBO business. Comcast may also not make a bid because of regulatory issues, since Trump does not like its CEO.

Therefore, the most likely company to buy Warner Bros. Discovery will be Skydance Paramount, which is largely owned by Larry Ellison, whose father, David, has a good relationship with Trump.

AMD and Qualcomm

The other top S&P 500 and Nasdaq 100 Index stocks to watch will be AMD and Qualcomm, which will also release their financial results.

Qualcomm will be in the spotlight as the company recently released a chip to challenge Nvidia in the AI space. As such, its upcoming results will provide more color on its business growth and the strategy to beat Nvidia.

AMD will be in the spotlight this week as it also publishes its results. Its numbers will be important as they will provide more color on whether it is succeeding in challenging Nvidia. 

Other top S&P 500 and Nasdaq 100 Index earnings

The other top companies in the S&P 500 and Nasdaq 100 stock to watch will be Uber, Shopify, Pfizer, McDonald’s, Robinhood, and Arm Holdings.

The post Top S&P 500 and Nasdaq 100 stocks to watch this week appeared first on Invezz

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Forex

Cardano Price Prediction November 2025: Whale Accumulation Signals a Rebound to $1

Forex 3 Mins Read

The post Cardano Price Prediction November 2025: Whale Accumulation Signals a Rebound to $1 appeared first on Coinpedia Fintech News

The odds of the ADA/USD price reaching $1 have increased as November begins. The Cardano Price Prediction November 2025 is gaining strong traction, as ADA appears to be gearing up for a potential rebound. 

Despite recent weakness near $0.60, the growing whale accumulation, technical compression, and renewed network achievements hint that Cardano crypto could soon enter a stronger recovery phase.

Whales Quietly Accumulate as ADA Consolidates Near Key Levels

After struggling to sustain recovery attempts, Cardano price today remains under pressure, hovering close to the $0.60 support mark. However, on-chain data paints a different story. Large holders wallets holding between 1 million and 10 million ADA have accumulated roughly 50 million tokens in the past 48 hours, per santiment.

This uptick in buying activity signals that whales may view the current dip as a strong entry zone, hinting at long-term confidence. Historically, such accumulation phases have often preceded broader rallies, reinforcing optimism for a potential turnaround.

From a technical standpoint, the Cardano price chart continues to consolidate. Yet, many traders interpret this compression as the buildup of momentum before a significant price move, one that could unfold within the next 150 days, according to current market structure analysis.

Outlooks Based on ETF Buzz, and Market Cycles

Market sentiment toward Cardano crypto is shaped by several possible scenarios heading into November. The first scenario outlines a base phase, where the Cardano price USD could fluctuate between $0.80 and $1.00 due to increased optimism due to Hydra upgrade and Cardano’s Asia tour, which may strengthen ecosystem visibility.

In a more bullish scenario, the analyst projected that the “bull phase” would see the ADA price reach between $1.20 and $1.50, driven by potential Cardano ETF discussions and a broader Bitcoin-led market rally. 

Conversely, a bearish scenario remains possible if macro conditions worsen then ADA could retreat toward the $0.50–$0.65 range amid BTC corrections and weaker event catalysts.

Decentralization Milestone Strengthens Network Confidence

In parallel, Cardano achieved a significant technical milestone that reinforces its long-term appeal. The network successfully cleared the AWS decentralization test, as posted by Cardano Feed. 

This validation demonstrates Cardano’s ability to meet decentralization benchmarks using Amazon Web Services’ cloud infrastructure.

Such network resilience enhances investor trust and supports the broader Cardano price forecast narrative. Especially as decentralized network verification continues to be a key benchmark for institutional and retail confidence.

As November progresses, the Cardano Price Prediction November 2025 reflects a market balancing between technical consolidation, whale confidence, and groundbreaking network advancements. These all signaling that a strong recovery phase may soon emerge.

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Stocks

Weekly wrap: Trump-Xi truce talks, trillion-dollar milestones, and tech power plays

Stocks 4 Mins Read

This week was packed with historic milestones and high-stakes moves across business and geopolitics.

Trump and Xi finally met after six years to pause their trade war, Nvidia shattered records with a $5 trillion valuation, and Pfizer and Novo Nordisk battled for control of Metsera.

Big Tech posted blockbuster earnings, while Tesla’s upcoming vote on Musk’s $1 trillion pay package stole the spotlight.

A glance at the major developments this week.

Trump-Xi meeting

President Trump and Chinese President Xi Jinping finally met face-to-face in Busan, South Korea, on Thursday, their first in-person meeting since 2019.

Trump came out of it calling the meeting “amazing,” even giving it a “12 out of 10.”

The two leaders agreed to hit pause on their long-running trade war. As part of the deal, China will start buying US soybeans again, loosen export restrictions on rare earth minerals, and ramp up efforts to crack down on fentanyl trafficking.

In return, Trump said the US will cut tariffs on certain China-related fentanyl goods from 20% down to 10%.

They decided to put off tougher conversations, like those about Taiwan, human rights, and cyber-espionage for about a year, focusing instead on keeping the economic relationship steady for now.

Nvidia hits $5 trillion valuation

Nvidia just made history as it became the first company ever to hit a $5 trillion market valuation in October 2025.

The record-breaking milestone came on the back of booming demand for AI tech and a blockbuster announcement from CEO Jensen Huang, who revealed $500 billion worth of AI chip bookings and plans to build seven new supercomputers for the US government.

The company’s market cap jumped from about $4.9 trillion to over $5 trillion, showing just how firmly Nvidia has cemented its lead in the AI chip race.

And when you look at the big picture, the numbers are wild as Nvidia’s stock has skyrocketed more than 44,000% over the past decade, driven by explosive growth in AI and data centers.

Pfizer races against Novo Nordisk for Metsera

Pfizer and Novo Nordisk are clashing over the acquisition of US obesity biotech firm Metsera.

Novo Nordisk launched a bold $8.5 billion bid, outbidding Pfizer’s earlier $7.3 billion offer, aiming to reclaim its lead in the weight-loss drug market.

The deal includes $6 billion upfront plus milestone payments. Pfizer responded by filing a lawsuit to block Novo’s bid, citing antitrust concerns and regulatory risks, arguing that Novo’s offer is unlikely to close.

This high-stakes battle highlights fierce competition in the rapidly growing obesity treatment market, projected to reach $150 billion by 2030.

Big tech wrap blockbuster Q3

Big tech just wrapped up another round of blockbuster quarters, and the numbers tell a pretty clear story: demand is still strong across cloud, ads, devices, and subscriptions.

Apple saw its services revenue climb, helping make up for slower iPhone sales.

Over at Microsoft, Azure jumped 40%, even though the company is feeling some pressure on margins from heavy AI spending.

Alphabet smashed through the $100 billion revenue mark in a single quarter, thanks to strength in search, YouTube ads, and its growing cloud business.

Meta posted over 20% revenue growth, while Amazon delivered a massive $180 billion quarter, driven by retail efficiency and AWS momentum.

But here’s the twist: even with all that success, these companies are cutting jobs. The reason? AI infrastructure costs are soaring.

They’re automating more tasks and moving talent into areas that fuel future growth. In other words, we’re entering a new era for tech, one where growth is powered more by machines than people.

It’s a capital-heavy, labor-light cycle, and it’s reshaping how Big Tech scales.

Musk’s $1 trillion showdown

Tesla’s annual shareholder meeting on November 6 in Austin is shaping up to be one for the history books. It’s where investors will vote on Elon Musk’s jaw-dropping $1 trillion pay package, the largest ever proposed in corporate history.

The vote has split big investors right down the middle. On one side, firms like ARK Invest, the Florida State Board of Administration, and Atreides Management are backing Musk.

On the other hand, heavyweights like CalPERS, New York’s state pension fund, and the American Federation of Teachers (AFT) are firmly against it.

Supporters say the plan rewards Musk for creating long-term value and keeps him focused on Tesla’s growth. Critics counter that it gives him too much control and exposes weaknesses in board oversight.

Still, most analysts think the proposal will pass, and if it does, Musk could become the world’s first trillionaire, cementing his leadership as Tesla leans harder into its AI-driven future.

The post Weekly wrap: Trump-Xi truce talks, trillion-dollar milestones, and tech power plays appeared first on Invezz

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