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Business News 29 October 2025 - 6 November 2025

Fitell (FTEL) Secures $50M Convertible Note to Launch ‘2F Robotics,’ Will Hold Proceeds in Stablecoins — Nov. 6, 2025

Fitell (FTEL) Secures $50M Convertible Note to Launch ‘2F Robotics,’ Will Hold Proceeds in Stablecoins — Nov. 6, 2025

Fitell Corporation (NASDAQ: FTEL) announced a new $50 million senior secured convertible note and the creation of 2F Robotics, a joint venture focused on AI‑driven robotic systems spanning home, kitchen, fitness, and industrial uses. Net proceeds are slated to be converted into stablecoin assets and kept with a U.S. custodian, giving the company flexibility as it funds the robotics platform and its core fitness operations. GlobeNewswire Key takeaways What happened today (Nov. 6, 2025) Fitell released its announcement at 8:50 a.m. ET, outlining the financing and the 2F Robotics initiative. The company emphasized that converting proceeds to stablecoin assets provides
6 November 2025
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NVIDIA’s Stock Soars to New Highs – Analysts Eye Further Gains

NVIDIA (NVDA) Today — Nov. 6, 2025: Huang clarifies China AI-race remarks; U.K. honor crowns AI leadership; VAST Data–CoreWeave inks $1.17B deal; NVDA trades near $195 ahead of Nov. 19 earnings

Top headlines at a glance What changed today — and why it matters 1) Huang’s China remarks move from sound bite to strategy Reuters reports that Huang’s “China will win” comment—made on the sidelines of the FT Future of AI Summit—was followed hours later by a clarification on X emphasizing that America can win by accelerating innovation and courting global developers, including those in China. He reiterated that policy should avoid ceding half the world’s AI developer base. The report also notes U.S. export controls remain a flashpoint; Nvidia hasn’t sought China licenses, and recent comments by the U.S. president
6 November 2025
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IBM Stock Soars on Quantum Breakthrough and AI Revival – Key Updates (Sept 25, 2025)

IBM layoffs today (Nov. 5, 2025): Big Blue to cut ‘thousands’ of roles as focus shifts to software and AI

IBM said it will reduce a “low single‑digit percentage” of its ~270,000 global workforce in 4Q 2025. Here’s everything confirmed today, what remains uncertain, and how it may affect employees, customers, and investors. Key takeaways (as of Nov. 5, 2025) What’s new today, Nov. 5 How many jobs, and where? Why now? The strategy behind the cuts Timeline of reporting What this means if you’re an IBM employee or customer The open questions Short quote for context “In the fourth quarter we are executing an action that will impact a low single‑digit percentage of our global workforce.” — IBM spokesperson.
5 November 2025
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OpenAI’s DevDay Bombshells: No-Code AgentKit, ChatGPT App Store & Jony Ive’s AI Vision

OpenAI’s AI Power Play: GPT-5 Unveiled, $38B Cloud Deal, and a Global AI Shake-Up

OpenAI’s New Models and Features: GPT-5, Sora, and More OpenAI kicked off October 2025 with a bang at its DevDay 2025 in San Francisco, unveiling a suite of new AI models and tools aimed at developers and consumers. GPT-5 Pro, the company’s latest flagship language model, took center stage techcrunch.com. Billed as the “smartest model in the API” for tasks requiring high precision and reasoning depth openai.com techcrunch.com, GPT-5 Pro is particularly geared toward demanding domains like finance, law, and healthcare where accuracy is paramount techcrunch.com. “[Developers] now have access to the same model that powers Sora 2’s stunning video outputs
3 November 2025
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Sudden Southern Park Mall Shutdown Shocks Community – Safety Scare, Unpaid Bills & Uncertain Future

Sudden Southern Park Mall Shutdown Shocks Community – Safety Scare, Unpaid Bills & Uncertain Future

Forecast: If Kohan Retail remains unwilling to invest in repairs or taxes, Southern Park Mall could face a protracted shutdown and accelerating tenant exodus. The holiday shopping season – normally the busiest period – will be all but lost if the mall stays closed, potentially pushing more retailers to exit. Over the longer term, experts say the best outcome may be for a new owner or new purpose to take over. “It’s best… to embrace what [Kohan is] doing and start to look at what the next generation of that land use could be,” Egelanian advises communities wfmj.com. In other
3 November 2025
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MongoDB’s CEO Shake-Up: 11-Year Veteran Departs as Cloudflare Exec Takes Charge Amid Stock Surge

MongoDB’s CEO Shake-Up: 11-Year Veteran Departs as Cloudflare Exec Takes Charge Amid Stock Surge

Leadership Transition at MongoDB MongoDB’s announcement on November 3, 2025 signaled a major leadership shake-up for the $29 billion database company. Dev Ittycheria, who has served as CEO since 2014, will be stepping down after an 11-year tenure leading MongoDB markets.ft.com. Ittycheria is credited with transforming MongoDB from a startup into a global player – he oversaw the company’s 2017 IPO and the growth of its customer base to nearly 60,000 organizations (including over 75% of the Fortune 100) markets.ft.com investing.com. In the press release, Ittycheria called it “the privilege of a lifetime to lead MongoDB” and said he is “immensely
3 November 2025
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OpenAI’s $500B Overhaul Rocks Tech World: Microsoft Snags $135B Stake and AI ‘Arms Race’ Ignites

OpenAI’s $500B Overhaul Rocks Tech World: Microsoft Snags $135B Stake and AI ‘Arms Race’ Ignites

Mission-Focused Overhaul On Oct. 28, OpenAI announced it had “completed its recapitalization” openai.com, simplifying its complex corporate structure. OpenAI – founded in 2015 as a nonprofit – now has two layers: the OpenAI Foundation (nonprofit) and the OpenAI Group PBC (public benefit corporation for-profit). The Foundation, chaired by Bret Taylor, “holds equity in the for-profit currently valued at approximately $130 billion” openai.com. Legally a public-benefit company, OpenAI Group must consider social good alongside profit, and the Foundation retains super-voting power to appoint the board. Crucially, the Foundation will funnel success back into public causes. It has earmarked $25 billion for two key
30 October 2025
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Metsera Stock Skyrockets as Pfizer-Novo Clash in $9B Bidding War

Metsera Stock Skyrockets as Pfizer-Novo Clash in $9B Bidding War

Bidding War Sends Metsera Shares Higher Metsera’s share price has been on a roller-coaster amid takeover speculation. In late September, Pfizer agreed to buy Metsera for $47.50 per share in cash (about $4.9B) plus up to $22.50 in contingent payments sec.gov. Pfizer CEO Albert Bourla said this deal “propels Pfizer into this key therapeutic area” of obesity treatment sec.gov. Metsera CEO Whit Bernard called the deal “an excellent outcome for our shareholders” and praised the chance to “realize the promise of improved human health at scale” under Pfizer’s wing sec.gov. On Oct. 30, Novo Nordisk dramatically entered the fray with
30 October 2025
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Branson’s Bold Move: Virgin Trains Poised to End Eurostar’s 30-Year Channel Tunnel Monopoly

Branson’s Bold Move: Virgin Trains Poised to End Eurostar’s 30-Year Channel Tunnel Monopoly

Breaking the Monopoly For the first time since 1994, a train company other than Eurostar will be allowed to run passenger services through the Channel Tunnel. On 30 October 2025 the Office of Rail and Road (ORR) announced it had approved Virgin Trains Europe’s depot access application orr.gov.uk. Temple Mills International depot (Leyton, London) – the only UK facility capable of servicing large high-speed trains – had been used exclusively by Eurostar until now. The ORR press release explains that this move “unlocks plans for around £700 mn of investment in new services and the creation of 400 new jobs” orr.gov.uk.
30 October 2025
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Shocking Auto News: Group 1 Automotive Ditches Jaguar Land Rover UK Dealers – Shares Tumble

Shocking Auto News: Group 1 Automotive Ditches Jaguar Land Rover UK Dealers – Shares Tumble

Group 1’s Exit – Company’s View Group 1 Automotive (a Fortune 250 dealer group) said it is divesting its entire UK JLR franchise network. In a statement accompanying its Q3 results, Group 1 explained that “persistent economic headwinds” in the UK have made the market challenging am-online.com. CEO Daryl Kenningham noted that while the U.S. business was “outstanding” in Q3, “the U.K. market remains challenging, with softer industry volumes and continued BEV-related margin pressure” am-online.com. The company’s UK CEO, Mark Raban, told staff the move is aimed at aligning Group 1’s portfolio with its “long-term growth ambitions” – and stressed it is “not a reflection
29 October 2025
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Boeing Scores Asia Mega-Deals Thanks to Trump – But Q3 Earnings Could Reveal a $4 Billion Shock

Boeing Scores Asia Mega-Deals Thanks to Trump – But Q3 Earnings Could Reveal a $4 Billion Shock

Trump’s Asia Tour Boosts Boeing Sales Boeing is riding a wave of major order wins from Asia as it heads into its Q3 earnings announcement. During a late-October trip through Asia, President Trump helped secure several big-ticket aircraft deals as part of new trade agreements. Malaysia, Thailand, and Vietnam committed to buying U.S.-made planes (primarily Boeing), and Cambodia agreed to partner with Boeing to develop its aviation sector flightglobal.com. According to the White House, Vietnam’s flag carrier Vietnam Airlines will purchase 50 Boeing jets (valued at about $8 billion) under a new trade framework flightglobal.com. Likewise, Thailand agreed to procure 80
29 October 2025
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