Why Most Startups Fail and How Serial Entrepreneurs Beat the Odds
Over 90% of startups fail, but the secret habits of serial entrepreneurs help them beat the odds.
Entrepreneur 
Trump isn’t canceling travel, golf, or his ballroom, even with the government shuttered and 750,000 furloughed federal employees
Only 32% of the staff in the Executive Office of the President were set to be furloughed during the current shutdown, according to data from the White House budget office.
FORTUNE 
Microsoft Increases Investments Amid A.I. Race
The company reported that it spent a higher-than-expected $34.9 billion in capital expenditures during its quarter.
NYT Business 
Vance says 1.3 million U.S. troops will be paid at the end of the week as pressure mounts for Democrats to end the shutdown
“We do think that we can continue paying the troops, at least for now,” Vance told reporters on Tuesday.
F.D.A. Moves to Speed Approvals for Cheaper Copycat Drugs
The agency announced moves to cut regulatory obstacles for the makers of biosimilar drugs, which are akin to generics and may help lower drug costs.
Nvidia Becomes the First Company to Reach a $5 Trillion Market Value, Leaving Apple and Microsoft in the Dust
Nvidia's market capitalization surpasses the combined value of competitors like AMD and Intel.
Mormon women are lining up to purchase new $5 ‘sacred’ garments that symbolize a turning point for the church
“The goal here was to ensure that people are comfortable as they fulfill this aspect of their religion," former professor of Mormon Studies says
Exclusive: Mastercard poised to acquire crypto startup Zerohash for nearly $2 billion, sources say
The move to acquire the crypto company comes after Mastercard was in talks to acquire another stablecoin startup BVNK for around $2 billion.
Candy bars recalled days before Halloween over 'life-threatening' allergen risk
Peanut Butter Crush and Ca$hew Cow bars are being recalled by Zingerman’s Candy Manufactory after the potential presence of undeclared peanuts and cashews.
FOX Business 
Powell warns not to count on a December rate cut just yet—the Fed is extremely divided and a further cut is ‘not a foregone conclusion. Far from it’
The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.
Why So Many Publishers Are Launching Brand Marketing Campaigns Right Now
Publishers are flooding billboards, subways, and screens with ads for themselves—many for the first time in history.
Adweek 
Trump’s decision to sail aircraft carrier to South America will leave the Mideast and Europe with none during a fragile ceasefire between Israel and Hamas
The U.S. joined Israeli strikes on Iran in June and has engaged in some of the most intense combat operations since World War II against Yemen's Houthi rebels in the Red Sea.
Meta Shares Fall as Costs for AI Concern Investors
Meta executives defended soaring AI infrastructure spending, saying Meta remains “underbuilt” for its long-term ambitions.
Nigeria’s 91-year-old Nobel laureate says his visa was revoked after criticizing Trump
Wole Soyinka won the Nobel Prize in Literature in 1986, becoming the first African to do so.
‘Mr. Vedam, where were you born?’: A man who spent 43 years in prison before his conviction was thrown out now faces deportation
Instead of returning to his family, Vedam was instead taken into federal custody over a 1999 deportation order.
Sanctions Lifted on a Putin-Backed Autocrat After Lobbying by Trump Allies
The move benefits the Serbian politician Milorad Dodik, who had received support from Rudolph W. Giuliani, Michael T. Flynn, Laura Loomer and high-priced lobbyists.