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Business News News 23 October 2025 - 25 October 2025

DraftKings Bets Big: Railbird Acquisition and NBC Deal Ignite Investor Frenzy

DraftKings Bets Big: Railbird Acquisition and NBC Deal Ignite Investor Frenzy

Record Revenue, Rising Margins Drive Optimism In early August, DraftKings reported blowout Q2 results – revenue of $1.51 billion (up 37% YoY) and adjusted EBITDA of $301 million, more than double the prior record investing.com. Management noted strong sportsbook hold and growth in monthly active users. CEO Jason Robins said, “We set records for revenue, net income and Adjusted EBITDA in the second quarter” investing.com. The company reaffirmed its full-year outlook, expecting to hit the high end of $6.2–6.4B revenue and roughly $850M EBITDA investing.com. The upbeat results lifted DraftKings shares (they rose ~4% immediately after release investing.com) and helped narrow the
25 October 2025
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Spotify’s Hi‑Res Lossless Streaming Is Finally Here – How It Compares to Apple Music and Amazon Music HD

Spotify Stock Skyrockets After CEO Shake-Up and Bold New Moves

Key Facts: Spotify founder Daniel Ek will step down as CEO on Jan 1, 2026 (becoming Executive Chairman) with Alex Norström and Gustav Söderström named co-CEOs reuters.com. The news briefly knocked the stock ~5% lower, after a year-to-date gain of over 60% reuters.com. In September, Spotify raised its Premium price to €11.99 (from €10.99) in many markets – a change that sent shares up ~8% on the announcement ts2.tech. Subscriber counts remain high: in Q1 2025 premium members were up 12% to 268 million, with ~678 million monthly active users reuters.com. New initiatives include a “Lossless” hi-fi audio tier launched
25 October 2025
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Newegg Commerce (NEGG) Stock Rockets on AI & “Meme” Hype — 688% YTD Gains, CEO Upgraded to Board

Newegg Commerce (NEGG) Stock Rockets on AI & “Meme” Hype — 688% YTD Gains, CEO Upgraded to Board

Stock Price & Trading Trends Newegg has been on a wild ride. From a mid-Aug high near $133 investing.com, shares drifted down into the $40s–50s in October before exploding higher this week. On Oct 23 NEGG closed $47.37 (up +7.03% on the day) stockinvest.us, bouncing off a low of $43.00 and high of $47.54 intraday. Trading volume that day was about 1.0 million shares (~$58.1M) stockinvest.us, far above its recent average. The very next day (Oct 24) the stock jumped 40.8% to close at $66.72 stockanalysis.com, a 44% intraday rally from the open ainvest.com. This kind of surge – with volume
25 October 2025
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Strive’s Bitcoin Bonanza: $1.3B Merger, 11K BTC and a Wild Stock Ride

ASST Stock Surges on Bitcoin Deals – Strive’s Bold Strategy Explained

Stock Rally on Major Bitcoin Deals Strive’s stock has seen wild swings recently. After trading in the 30s–90s cents for most of 2025, ASST spiked over $1 on Oct 24 stockanalysis.com. This jump came as investors digest several blockbuster moves. In late September the company announced it would acquire medical-tech firm Semler Scientific in an all-stock merger – a deal valuing Semler at about $90.52 per share (a ~210% premium) globenewswire.com. At the same time Strive bought 5,816 Bitcoin (about $675 million worth) to add to its corporate treasury globenewswire.com. CEO Matt Cole hailed this as a game-changing tie-up: “This
24 October 2025
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2025 Porsche 911 S/T: Legend Reborn – The Ultimate Analog 911 Driving Machine

Porsche Crashes: 96% Profit Plunge Triggers €1B Quarterly Loss – What’s Next?

Why Profits Cratered: Apart from tariffs, Porsche cited a sudden about-face on its EV strategy. In September the company scaled back its electrification plan, shelving plans for a proprietary battery factory and slowing EV projects. These moves triggered one-time charges and raised doubt about future growth. CEO Blume (soon to step down) had to admit that Porsche’s “shift to electric vehicles” is slowing, at a time when rivals are racing ahead reuters.com. At the same time, luxury buyers in China – a key market – are tightening their belts; CFO Breckner noted “general market conditions will not improve in the
24 October 2025
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Western Union Stock Edges Up on Q3 Beat – CEO Calls Crypto an “Opportunity”

Western Union Stock Edges Up on Q3 Beat – CEO Calls Crypto an “Opportunity”

Investors will be watching WU’s short-term outlook as it delivers Q4 results and commentary. Wolfe notes management’s plan to stabilize its core retail business, re-accelerate digital growth, and diversify into new financial services investing.com. In the near term, stock momentum may hinge on whether retail volumes recover after a 2024 slump, and whether earnings forecasts hold up under higher interest costs. In the long term, Western Union’s global brand, broad agent network and high dividend yield could appeal to conservative investors if the company succeeds in its turnaround. “Our goal is to provide more and better solutions…to give our customers
24 October 2025
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P&G Earnings Smash Estimates – Beauty Boom and Razors Fly Off Shelves in Q1

P&G Earnings Smash Estimates – Beauty Boom and Razors Fly Off Shelves in Q1

Procter & Gamble’s Q1 report beat expectations across the board. Revenue of $22.39 billion (vs. ~$22.17B forecast) and core EPS of $1.99 (vs. $1.90) both topped consensus marketscreener.com. In a statement, P&G credited resilient consumer demand for premium brands. For example, its beauty brands (Pantene, Olay, etc.) delivered roughly 6% organic growth finimize.com – a bright spot after weaker quarters. Grooming and personal care also held up; Bloomberg reports shoppers “brushed off price increases and snapped up the company’s Gillette razors and Secret deodorant,” underpinning the beat bloomberg.com. Overall volumes were flat, but higher pricing and cost savings boosted results.
24 October 2025
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Palantir-Lumen AI Deal Sparks Stock Rally – CEO Warns of “Arms Race”

Palantir-Lumen AI Deal Sparks Stock Rally – CEO Warns of “Arms Race”

Palantir and Lumen Forge a New AI Infrastructure Alliance On Oct. 23, Palantir Technologies and Lumen Technologies unveiled a “multi-year, multi-million-dollar” strategic partnership to fuse Palantir’s AI/data platform with Lumen’s high-speed networking. According to the official release, the alliance will help enterprises “deploy AI faster and more securely” by combining Palantir’s Foundry/AIP software with Lumen’s next-generation “Connectivity Fabric” businesswire.com. Bloomberg News had reported Lumen would spend over $200 million on Palantir software aimmediahouse.com reuters.com, making this one of Palantir’s largest commercial deals to date. In a joint Fox Business interview, Palantir CEO Alex Karp stressed the national security stakes: “We’re in
24 October 2025
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Target Shocks Workers: 1,000 HQ Jobs Cut Before Christmas – Retail Giant’s Woes Deepen

Target Shocks Workers: 1,000 HQ Jobs Cut Before Christmas – Retail Giant’s Woes Deepen

Layoffs Details & Rationale Target announced on Oct. 23 that its Twin Cities headquarters will shed about 1,000 corporate positions and close another 800 open jobs axios.com foxbusiness.com. About 80% of the cuts are U.S.-based, mostly managers foxbusiness.com. The company says this eliminates roughly 8% of HQ staff and is aimed at speeding up decision-making. “To better serve our guests, we’re prioritizing the need to work faster and reduce the complexity that has been created over time,” Fiddelke told employees foxbusiness.com axios.com. He wrote that “the truth is, the complexity we’ve created over time has been holding us back” –
24 October 2025
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AI Alliance Ignites Lumen (LUMN) Stock Surge Amid Bold Turnaround Moves

Lumen Stock Surges on AI Deal – Can the 2x Rally Last?

Stock Performance & Recent Moves LUMN stock traded around $7.79 on Oct. 24, 2025 reuters.com (as shown by Reuters pricing), near the high end of its recent range. That follows a 10.65% jump on Oct. 23 (closing at $7.79) investing.com, after the Palantir deal was announced. Earlier in the week it had been trading in the low-$7’s (about $7.04 on Oct. 22 investing.com), and it was roughly $6.90 on Oct. 20 investing.com. In other words, the stock has been volatile but mostly up over the past week. For perspective, LUMN had languished at around $3.02 per share in early 2025
24 October 2025
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Target Stock Crash: Shares Dive to Multi-Year Lows Amid CEO Shakeup and Retail Woes

Target Stock Crash: Shares Dive to Multi-Year Lows Amid CEO Shakeup and Retail Woes

Market Snapshot: Price and Performance As of mid‑October 2025, Target’s stock remains under heavy pressure. At the close on Oct. 22, 2025, TGT was about $94 stockinvest.us, with the stock hovering just above its 52-week low (≈$85). TradingView reports TGT at $94.25 USD on Oct. 23, up ~0.2% on the day tradingview.com, but still far below last year’s highs. This leaves TGT down roughly 35% for 2025 nasdaq.com. By comparison, Walmart’s stock has climbed about +18% year‑to‑date nasdaq.com and Costco’s about +3% reuters.com, underscoring Target’s relative weakness. Target’s forward P/E is near 12–13x, well below historical norms and peers investing.com
23 October 2025
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Ford (F) Stock Plunges After Supplier Fire and EV Slump — Can It Rebound?

Ford’s Wild Stock Ride: $1B Fire, Tariffs & EV Woes Rock Investors

Ford’s Recent News and Performance In the days leading up to Oct. 23, Ford’s news cycle was dominated by mixed developments. A mid-September fire at a Novelis aluminum plant (a key F-150 supplier) is expected to shave $0.5–$1 billion off Ford’s 2025 profit ts2.tech. When this hit became public, Ford’s stock plunged ~6–7% on Oct. 7, briefly dipping from the high-$12s into the high-$11s ts2.tech. However, value investors quickly stepped in, and by mid-October the shares had recovered to around $11.90 ts2.tech. By Oct. 23 the stock was “essentially flat” versus a week prior, holding in the mid-$11s (~$12) ts2.tech. (For comparison, Ford is
23 October 2025
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