This week in business: Markets, machines, and mosquitoes
This week, tech companies were either melting down in real time or promising a future where computers are smarter than we are. Investors panicked, calmed down, panicked again, and then bought T-shirts for sea otters. We saw a giant internet outage that reminded everyone just how dependent the modern world is on one company. We also saw a stock that most people had basically pronounced dead suddenly rip higher like it was 2021 again.
There was drama in Washington, too. The White House leaned even harder into AI content as a political weapon, raising a question that has been building all year, which is: Are we entering the AI misinformation era for real, or are we already in it and pretending we aren’t? At the same time, Meta cut jobs in the name of moving faster on artificial intelligence, and Apple gave Wall Street something to cheer about by proving that, yes, people will still buy a new iPhone if you make it fast, thin, and expensive.
But the biggest optimism play of the week came from someplace totally different. Taylor Swift wore a vintage aquarium T-shirt, and her fans turned that into millions of dollars for sea otter rescue in a matter of hours. There are very few forces on Earth that can move money that fast. Central banks. Oil markets. Taylor Swift.
AWS outage hits much of the internet
An overnight outage at Amazon Web Services took down big parts of the internet, including apps and sites like Reddit, Lyft, and McDonald’s. The problem was tied to AWS systems in one U.S. region, but because so many companies run through that same infrastructure, the impact went global. Amazon said the root issue was a DNS problem that it has mostly fixed, but a lot of users still saw slowdowns and random errors long after the first alert. The outage was another reminder that a huge amount of the modern economy sits on top of someone else’s server.
Beyond Meat stock suddenly rips higher
Beyond Meat’s stock shot up more than 60 percent after spending the past few weeks in penny stock territory. The spike does not mean the business is suddenly healthy. Demand for plant-based meat has cooled, sales have dropped, and the company is still deep in trouble. What actually happened is a classic short squeeze in which traders who were betting against the stock got forced to buy shares back fast, which pushed the price higher.
Trump responds to protests with AI video
After the nationwide “No Kings” protests, President Trump posted an AI-generated video of himself in a fighter jet dumping sewage on protesters. He also dismissed the nearly 7 million people who showed up, saying they do not represent the country. Vice President JD Vance boosted a matching AI-style meme of Trump in a crown. Critics say this kind of content is basically making the protesters’ point for them and also shows how comfortable the administration is with pushing AI-altered media at scale.
Meta cuts 600 jobs from its AI lab
Meta said it is cutting about 600 jobs in the new AI superintelligence lab that it launched this year. Leadership says the smaller team will be able to move faster and make decisions with less internal debate. The company has been pouring tens of billions of dollars into artificial intelligence and high-end infrastructure, including new data centers and ad tools. The layoff news barely moved the stock, which suggests investors see this as normal cost control for a company that is still planning to spend heavily on AI.
Quantum computing stocks pop on takeover rumors
Shares of several U.S. quantum computing companies jumped after reports that the Commerce Department is talking to them about possible government investments. The basic idea is that Washington may want a financial stake in these firms in exchange for federal funding. Traders read that as a sign that quantum is getting treated like strategic tech, similar to chips and rare earth minerals. The result was a fast rebound for names like IonQ and Rigetti after a rough day in the broader market.
Gold and silver prices fall hard
Gold and silver both dropped sharply after hitting record levels earlier in the week. Prices for gold fell back toward the low $4,100 range per ounce, and silver slid under $50. The pullback suggests investors are feeling slightly less panicked about things like tariffs, inflation, and the government shutdown. In plain terms, money moved out of crisis mode and back toward risk.
Iceland finds mosquitoes for the first time
Scientists confirmed that mosquitoes have now shown up in Iceland, a country that’s basically never had them in human history. Warmer average temperatures are making the island friendlier to insects that could not survive there before. The specific species they found is cold-tolerant, which means it might be able to last through Icelandic winters and stick around. It is a small discovery with big implications because mosquitoes carry disease, and climate change is helping them expand north.
Egg recalls keep growing
More than 6 million eggs have now been pulled over salmonella concerns tied to Black Sheep Egg Company and others. The FDA escalated the recall to its highest risk tier and keeps adding new affected lots and brands. Experts say the spike in recalls is not only about farms doing something wrong. It is also about better, faster testing that can spot contamination earlier and force products off shelves before people get sick.
Apple hits a record high on iPhone 17
Apple stock hit an all-time high, at around $264 a share, after early data suggested the iPhone 17 lineup is selling faster than last year’s iPhone 16 launch. The standout this cycle is the new iPhone Air, which is thinner, lighter, and still priced as a flagship. Strong demand in both the U.S. and China helped fuel the rally and gave investors fresh confidence heading into Apple’s next earnings report.
Taylor Swift raises millions for sea otters
Taylor Swift wore a vintage Monterey Bay Aquarium T-shirt in her latest concert film, and her fans did the rest. The aquarium brought the shirt back, priced it at $65.13, and raised more than $2.3 million for sea otter rescue and rehab. The campaign ran on Tiltify, which let the aquarium process tens of thousands of orders almost instantly. It was a case study in what happens when fandom, nostalgia, and e-commerce all hit at once.
