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Nvidia and Big Tech rally to help Wall Street recover most of last week’s drop

Nvidia and Big Tech rally to help Wall Street recover most of last week’s drop

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Big Tech and other superstars of the U.S. stock market are rallying on Monday, as Wall Street recovers most of its loss from last week.

The S&P 500 climbed 1.3% to claw back three-quarters of its drop from last week, which was its first weekly loss in four. The Dow Jones Industrial Average was up 245 points, or 0.5%, as of 1:15 p.m. Eastern time, and the Nasdaq composite was 2.1% higher.

Nvidia was by far the strongest force lifting the market and rallied 4.8%. It’s a bounceback after Nvidia and other winners in the frenzy around artificial-intelligence technology were at the center of last week’s drop. Critics say their stock prices shot too high and too fast in the mania around AI, drawing comparisons to the 2000 dot-com bubble that ultimately burst.

Taiwan Semiconductor Manufacturing Co., which makes chips for Nvidia and other companies, saw its stock that trades in United States rise 3.1% after reporting that its revenue climbed nearly 17% in October from a year earlier. While such growth is strong compared with other companies, it’s a slowdown from TSMC’s earlier performance. read more

US airlines’ daily cancellations exceed 2,700 as shutdown impact extends

US airlines’ daily cancellations exceed 2,700 as shutdown impact extends

WASHINGTON (AP) — U.S. airlines canceled more than 2,700 flights on Sunday as Transportation Secretary Sean Duffy warned that air traffic across the nation would “slow to a trickle” if the federal government shutdown lingered into the busy Thanksgiving travel holiday season.

The slowdown at 40 of the nation’s busiest airports began to cause more widespread disruptions in its third day. The FAA last week ordered flight cuts at the nation’s busiest airports as some air traffic controllers, who have gone unpaid for nearly a month, have stopped showing up for work.

In addition, nearly 10,000 flight delays were reported on Sunday alone, according to FlightAware, a website that tracks air travel disruptions. More than 1,000 flights were canceled Friday, and more than 1,500 on Saturday.

The FAA reductions started Friday at 4% and were set to increase to 10% by Nov. 14. They are in effect from 6 a.m. to 10 p.m. local time and will impact all commercial airlines.

Hartsfield-Jackson International Airport in Atlanta stood to have the most cancellations Sunday, followed by Chicago O’Hare International, where wintry weather threatened. In Georgia, weather could also be a factor, with the National Weather Service office in Atlanta warning of widespread freezing conditions through Tuesday. read more

Weather, cruise ship, pad issues delay Blue Origin’s New Glenn launch attempt

Weather, cruise ship, pad issues delay Blue Origin’s New Glenn launch attempt

Blue Origin was set to launch its New Glenn rocket with a pair of Mars-bound satellites from the Space Coast on Sunday afternoon, but a series of issues stymied the attempt.

A pod of pelicans fly past as New Glenn NG-2... A pod of pelicans fly past as New Glenn NG-2 sits in the pad at Launch Complex 36A at Cape Canaveral Space Force Station, as the launch is scrubbed, on Sunday, Nov. 9, 2025. (Ricardo Ramirez Buxeda/Orlando Sentinel) Shore birds fly past the New Glenn NG-2 sits in... Shore birds fly past the New Glenn NG-2 sits in the pad at Launch Complex 36A at Cape Canaveral Space Force Station, as the launch is scrubbed, on Sunday, Nov. 9, 2025. (Ricardo Ramirez Buxeda/Orlando Sentinel) New Glenn NG-2 sits in the pad at Launch Complex... New Glenn NG-2 sits in the pad at Launch Complex 36A at Cape Canaveral Space Force Station, as the launch is scrubbed, on Sunday, Nov. 9, 2025. (Ricardo Ramirez Buxeda/Orlando Sentinel) Blue Origin's New Glenn sits on the pad at Cape... Blue Origin’s New Glenn sits on the pad at Cape Canaveral Space Force Station’s Launch Complex 36 ahead of the planned NG-2 launch. (Courtesy/Blue Origin)

The heavy-lift rocket was aiming for its second ever liftoff, but was put in a weather hold for most of the launch window that ran from 2:45-4:13 p.m. from Cape Canaveral Space Force Station’s Launch Complex 36.

Weather was clear at 3:45 p.m. but teams then announced they were working an issue on the pad with the ground systems, but with the countdown clock rolling in the hopes they could get the rocket off in the final minute of the window.

A late poll was go pending solution of that problem, but there was some sort of range violation by a cruise ship, with the Coast Guard trying to contact the vessel, although it was unclear which ship was in violation.

With just under five minutes left on the countdown clock, though, the launch was out on hold again, because of a violation of the cumulus cloud rule, according to Blue Origin. read more

Flight cuts from government shutdown strain a supply chain that’s already stretched thin

Flight cuts from government shutdown strain a supply chain that’s already stretched thin

By MAE ANDERSON

NEW YORK (AP) — The Federal Aviation Administration’s announcement of a 10% reduction in flight capacity across 40 major U.S. airports could put a strain on the air cargo as the peak holiday season approaches.

Several airports with major package distribution centers are on the list of airports that will reduce capacity — FedEx has hubs at the airports in Indianapolis and Memphis, Tennessee. UPS’ biggest hub, Worldport, is in Louisville, Kentucky, the site of this week’s deadly cargo plane crash.

Meanwhile, UPS and FedEx said late Friday they’re grounding their fleets of McDonnell Douglas MD-11 planes “out of an abundance of caution” following a deadly crash at the UPS global aviation hub in Kentucky.

The crash Tuesday at UPS Worldport in Louisville killed 14 people, including the three pilots on the MD-11 that was headed for Honolulu.

MD-11 aircrafts make up about 9% of of the UPS fleet and 4% of the FedEx fleet, the companies said.

Logistics companies say consumers shouldn’t expect delays on their packages due to the reduction in flights — for now. But they put a strain on the supply chain ahead of the all-important holiday shopping season. read more

Early Sunday launch from SpaceX ties Space Coast record

Early Sunday launch from SpaceX ties Space Coast record

After a one-day delay, SpaceX knocked out a routine Starship launch early Sunday to tie the Space Coast’s annual orbital launch record.

A Falcon 9 on the Starlink 10-51 mission carrying 29 satellites launched from Kennedy Space Center’s Launch Pad 39-A at 3:10 a.m.

This was the 28th flight of the first stage booster, which made a recovery landing downrange on the droneship A Shortfall of Gravitas stationed in the Atlantic.

The Saturday launch attempt was scrubbed with under a minute before liftoff because of bad weather in the booster recovery area.

SpaceX has flown all by five of the 93 launches this year, a total that ties the 2024 record.

United Launch Alliance has flown four others while Blue Origin has flown one.

Blue Origin’s New Glenn, which debuted in January, though, is targeting a Sunday afternoon liftoff during a launch window from 2:45-4:13 p.m., and that launch if successful could set a new record on the Space Coast. read more