Polymarket said it will fully reimburse users after it temporarily halted trading on its international platform Thursday afternoon, saying it identified a “compromised” third-party provider.
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Morgan Stanley cuts Seagate stock price target but sees 72% upside
As mentioned in my previous Seagate BofA coverage, I spend a good part of my day on my computer. And between work documents, trading journals, downloaded reports, photos, and backups, I’m constantly adding new files.
I hardly notice how much space they’re taking up, but I know they’re slowly eating into my storage.
While looking into Seagate today, I can’t help but wonder how much more space I’ll need a few years from now. And if I’m using this storage on my own, imagine what businesses and AI data centers need.
Research firm TrendForce said AI is generating so much data that storage infrastructure is struggling to keep up. Demand for nearline hard drives, which are widely used in data centers, has surged beyond what manufacturers can produce.
Western Digital is a Seagate competitor and has validated the massive demand. During the company’s second-quarter earnings call, CEO Irving Tan said Western Digital had already sold out its hard drive capacity for 2026, according to a transcript published by Investing.com.
The shortage is also affecting everyday buyers, with external drive deliveries potentially taking six to 10 weeks longer. According to TrendForce, Western Digital raised hard drive prices, citing unprecedented demand.
Seagate (STX) is one of the companies caught in the middle of this growing storage crunch. In its Oct. 27 fiscal first-quarter 2027 results, it reported $4.2 billion in revenue, non-GAAP EPS of $7.68, and a record $1.5 billion in free cash flow.
CEO Dave Mosley said long-term customer visibility points to a “multi-year growth phase.” However, Seagate shipped less storage than Wall Street expected.
Also Read: BofA sees 80% upside for Seagate stock, but Micron shares look cheaper
Seagate’s reset quarter: fewer exabytes, higher prices
In a note shared with me at TheStreet, Morgan Stanley cut its price target to $1,148 from $1,200. It kept an Overweight rating and a Top Pick designation. The bank sees about 72% upside from the $667.85 close on Oct. 27. BofA sees 80% upside, TheStreet reported.
Here is the miss. Nearline exabytes, the measure of how much data Seagate’s data center drives hold, hit a record 198 but grew just 2% from the prior quarter, short of Morgan Stanley’s 6%.
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December-quarter EPS guidance came in below the $9.50 to $10 some big investors hoped for, though 6% above consensus. Morgan Stanley lowered its fiscal 2027 and 2028 earnings-per-share estimates to $40.84 and $76.64, respectively.
The shares have still returned 154.27% year to date and 214.84% over one year, according to Yahoo Finance. They trade at 8.3 times Morgan Stanley’s 2028 EPS, near the low end of their historical valuation range.
Seagate shipments slipped while prices jumped
Seagate traded a few bits for better pricing. Price per terabyte rose 16% from the prior quarter because demand outran supply. Management says customers are prioritizing storage access over price, with no signs of demand destruction.
Morgan Stanley says technology, yield, and data center power challenges did not hold shipments back. A shift toward smaller enterprise drives and staging new products for customer testing explain much of it.
Related: Seagate’s booming business comes with an unexpected twist
The new high-capacity storage products use HAMR, or heat-assisted magnetic recording, which lets drives hold more data on the same disks. Seagate’s Mozaic 4 line offers 40-terabyte drives, and more cloud and enterprise customers are expected to qualify them in the coming months.
Management expects a meaningful jump in exabytes in December, the key proof point, though it gave no number.
Customers are locking in supply. Most of Seagate’s data center exabytes are allocated through 2028, and customers are signing long-term agreements through 2030.
Rising costs were another disappointment. Cost per terabyte increased 3% from the previous quarter as memory and other externally sourced components became more expensive.
That’s a sharp reversal from a year earlier, when costs were falling by roughly 15%. Pricing offset it, with non-GAAP gross margin at 57.8%, up 5 points, and management guiding to further gains through fiscal 2027.
Management also dismissed headlines that Seagate and Toshiba were competing for TDK’s hard drive business, which Bloomberg reported Oct. 6 and both companies pushed back on.
Seagate says even a doubling of Toshiba’s output would win it only a few points of share. It plans about 25% annual exabyte growth on largely flat unit production, which Morgan Stanley reads as supply discipline.
Seagate’s cost per terabyte increased 3% from the previous quarter as memory and other externally sourced components became more expensive.NurPhoto / Getty Images
Morgan Stanley sees $1,148 as demand outruns supply
Cash is the cushion. Seagate retired $1.2 billion of debt, repurchased $400 million of shares, and raised its dividend about 3% to $0.76.
Buybacks should step up in the March 2027 quarter, and Morgan Stanley says fewer shares should lift EPS. About $4.4 billion remains authorized.
The $1,148 target is 15 times 2028 EPS of $76.64, against the $59.38 Wall Street consensus. The bank’s verdict is that the story has bent in the short term but is not broken.
For investors, December shipments will show whether Seagate can grow volume without giving up price.
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Walmart’s $200 2-in-1 tablet and keyboard performs ‘just like a computer,’ and it’s 50% off
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.
Why we love this deal
When cozied up on the couch at the end of athe long day, the tablet is my go-to electronic. My eyes are tired, and squinting at the small smartphone screen to browse social media or play mobile games isn’t an option because it fatigues them further. Even smaller tablets are around triple the size of an iPhone, providing a better viewing experience for surfing the web or streaming Netflix. The only area I find the tablet lacking is the cumbersome typing, but this issue is easily resolved by pairing the device with a wireless keyboard. In fact, adding a Bluetooth keyboard to your tablet essentially transforms it into a mini computer to maximize your productivity.
Getting a tablet bundle with all the accessories will often be a better value compared to buying them individually. That’s the case with the Domaton 10-Inch Android 16 Tablet and Keyboard, which is half off and available for just $100 with a Flash deal.
Domaton 10-Inch Android 16 Tablet and Keyboard, $100 (was $200) at Walmart
Courtesy of Walmart
Shop at Walmart
Why do shoppers love it?
The Domaton Android 16 tablet comes with every accessory needed to streamline your setup, including a keyboard, a mouse, a stylus pen, and a protective case. With access to the Google Play Store, you can download productivity software like Google Docs and Sheets, giving you the option to perform basic computing tasks. You can also install all the entertainment apps you know and love, like TikTok, WhatsApp, or ChatGPT. Whatever you download, you’ll get a crisp and clear view thanks to the high-definition 10.1-inch touchscreen display. One shopper raved, “I have been using this tablet daily for 8 hours per day with zero complaints! I really didn’t expect it to run as smoothly and as quickly as it does.”
Related: Amazon is selling an AI-enabled 2-in-1 laptop and tablet for $75
Running on the easy-to-use Android 16 operating system, this tablet is user-friendly and runs smoothly. It’s equipped with 20 gigabytes (GB) of RAM and 128 GB of ROM to keep up with multitasking without lag. If you want to download endless videos and memes, the tablet’s storage is expandable by up to 1 terabyte. You can even take video calls on the device or snap photos with an 8-megapixel front camera and a 13-megapixel rear camera. It’s also constructed with a long-lasting battery, which can play movies up to 8 hours on a single charge.
Details to know
Screen size: 10.1 inches.
Operating system: Android 16.
Memory and storage: 20 GB of RAM and 128 GB of storage space.
With the holidays soon arriving, this tablet would be a thoughtful gift for a special someone in your life. “I bought it for Christmas for my husband — he loves it,” wrote one shopper. They added, “This tablet is just like having a computer! It has a keyboard and everything.”
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Upgrade your entertainment and computing experience with the Domaton 10-Inch Android 16 Tablet and Keyboard. Don’t miss your chance to score it at half off while it’s on sale for only $100.
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What’s the first thing most people do with their 401(k) after they retire? Nothing.
Other tax repercussions crop up down the road because balances build up, and RMDs get complicated
The No. 1 Rule for How Much Cash You Should Keep in Retirement
Cash is a valuable asset for retirees since it offers certainty at a time when you likely need to start tapping your savings, and you can earn interest on it with a high-yield savings account and other cash equivalents.
But if you keep too much cash, you risk falling behind inflation and missing out on potentially high returns in the stock market. That’s why many financial advisors recommend keeping one to two years of cash on hand in retirement, plus some money in bonds, certificates of deposit (CDs) and other low-risk investments.
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Why too much cash is risky
Your cash typically doesn’t earn high interest in a traditional savings account, and usually doesn’t earn anything in a checking account. A high-yield savings account can help, but real returns after accounting for inflation and taxes are much lower than the advertised rate. That’s why it’s essential to keep your money working for you.
While retirees likely aren’t looking for many new investing opportunities, they should still keep ample cash to cover their needs. This buffer can help prepare you for emergencies, and allow you to be less nervous about sharp market fluctuations since the stock market’s performance does not impact your ability to cover living expenses. It’s even easier to stay invested if you are receiving Social Security, dividends and other income sources that make the need to sell assets less likely.
How much cash to keep
Many financial advisors recommend retirees keep at least enough money to cover a year of essential expenses, but that amount will look different for each person. Some retirees have enough cash to cover up to three years of expenses in liquid accounts. If you are more risk averse or want to travel a lot in retirement, you may want to save more. If you have a pension or other forms of income, you may not need to save as much.
Experts at T. Rowe Price recommend holding enough cash to cover one to two years of living expenses beyond predictable Social Security and pension income in addition to what you keep to cover daily needs such as gas and groceries.
What to do with the rest of your money
Having enough cash to cover up to 12 months of living expenses is a good start, but that doesn’t mean you should put all your remaining money into the stock market. A tiered bucket approach can ensure your cash reserves grow at a healthy pace while giving your stock portfolio more time to rally.
Short-term cash constitutes the funds that can cover up to one year of expenses, but there are medium-term assets like bonds that provide cash flow you can turn to. You can pick maturity dates that range from one to three years, so you are never locked out of those funds for too long. Money for long-term goals can still be invested in stocks, depending on your strategy.
While stocks are a popular choice, it may also make sense to invest in inflation hedges like gold and other commodities that can hold steady or gain value when stocks go down. Many experts suggest allocating 5% to 10% of your portfolio to gold.
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What Humanoid Robots Really Mean for Founders Right Now
For most of the last decade, humanoid robots lived in viral videos. They danced, did backflips and occasionally fell over, and most founders reasonably filed them under “interesting, but not my problem.” That is starting to change. Humanoid robots are now clocking real shifts in real warehouses and factories, the companies building them are signing multi-year commercial contracts, and one of the biggest carmakers in the world has started early production of its own robot.
That does not mean a robot is about to walk into your office and take over the job of your operations manager. The truth is more nuanced and, for founders, more useful. Understanding where humanoid robots actually are today, what they can and cannot do and how the economics are shaping up will help you make better decisions about automation, hiring and the opportunities that will open up around this technology over the next few years.
Where Humanoid Robots Are Actually Working Today
The clearest evidence comes from deployments that have been running long enough to produce real numbers. Agility Robotics says its Digit robot has moved more than 100,000 totes at a GXO logistics facility in Georgia since June 2024, a deployment the company describes as the first formal commercial humanoid deployment. In an update released this week, Agility said GXO will expand Digit to sites in North Carolina and Tennessee starting in early 2027. It also listed Toyota Motor Manufacturing Canada, Schaeffler and Mercado Libre among its customers, said three manufacturing customers are in paid programs and reported more than $300 million in committed multi-year orders for its next-generation Digit 5, which is a measure of potential value rather than revenue already earned.
Figure AI has published some of the most detailed results so far. In a report on its BMW deployment, the company said its Figure 02 robots worked ten-hour shifts, Monday through Friday, for about eleven months at BMW’s plant in Spartanburg, South Carolina. Over that time they loaded more than 90,000 sheet-metal parts, logged over 1,250 hours of runtime and contributed to the production of more than 30,000 BMW X3 vehicles. The job demanded placing parts within a 5 millimeter tolerance inside tight cycle times. Figure was also candid that the robot’s forearm was its top hardware failure point, and it is now retiring Figure 02 in favor of a redesigned Figure 03.
To see what this looks like inside a working factory, this 60 Minutes report goes behind the scenes as Boston Dynamics trains its Atlas humanoid to work at a Hyundai plant.
Separating the Signal From the Hype
Every big technology wave comes with bold forecasts, and humanoids are no exception. In October 2026, Tesla said it had started early production of its Optimus robot at its Fremont factory. Elon Musk has claimed production could reach 20,000 units a week by the end of 2027, yet he also described the ramp as “slow and somewhat bumpy” and admitted, according to TechCrunch, that “there’s still quite a lot of work to do with regard to the AI and the robot for it to be truly useful for open-ended tasks.”
That second quote is the one founders should remember. Today’s humanoid robots are proving themselves in structured, repetitive jobs like moving totes, loading parts and feeding machines, often in facilities designed around clear workflows. They are not yet general-purpose workers you can drop into any messy environment and trust to figure things out. The deployments that work share a pattern. The task is well defined, the environment is controlled, success is measurable and humans remain close by to manage exceptions.
The wider robotics market tells a similar story of steady, practical growth rather than a sudden revolution. The Association for Advancing Automation reported that North American companies ordered 10,989 robots worth $723.5 million in the third quarter of 2026, up 24.8% in units from a year earlier. Collaborative robots, the kind built to work safely alongside people, made up about 16.7% of those orders. Most of that demand is for conventional industrial machines, not humanoids, which is a useful reminder that the best automation choice is often the simplest one that gets the job done.
The Business Model Is Changing Faster Than the Robots
One of the most important shifts for smaller companies has nothing to do with legs or hands. It is the move toward paying for robots the way you pay for software. Instead of a large upfront purchase, many providers are offering subscriptions or robots-as-a-service arrangements, where you pay a monthly or hourly rate and the vendor handles maintenance and updates. On the consumer side, 1X lists its NEO home humanoid at $20,000 to buy or $499 a month on subscription, with deliveries tied to the company’s production ramp.
For founders, that pricing model changes the math. A robot you rent by the month can be tested against a specific problem without betting the company on it, and it can be returned or upgraded as the technology improves. It also means the comparison is no longer “robot versus a year of wages” in the abstract. It becomes a practical question of cost per task, uptime, safety and how much management attention the robot requires compared with the alternatives you already have.
Where the Opportunities Are for Founders
Most founders will never build a humanoid robot, and that is fine. Some of the biggest opportunities in every platform shift sit around the core technology rather than inside it. When the personal computer arrived, fortunes were made in software, training, repair and services. When smartphones arrived, the app economy dwarfed the hardware makers in sheer number of businesses created. Robotics is likely to follow a similar path.
Integration and deployment. Companies that buy robots need help mapping workflows, preparing facilities, training staff and measuring results.
Software and data. Robots need task-specific training data, fleet management tools, analytics and safety monitoring, and that work increasingly looks like software.
Maintenance and support. Every robot in the field needs servicing, parts and on-site technicians, which creates local service businesses.
Training and workforce transition. People will need to learn how to supervise, troubleshoot and work alongside robots, and someone has to teach them.
If you run a business with physical operations, such as a warehouse, a production line, a kitchen or a distribution center, your opportunity looks different. You do not need to be first. You need to be informed. The founders who benefit most from new technology are rarely the ones who buy the flashiest version. They are the early adopters who understand the problem well enough to know when the tool is finally ready to solve it.
How to Prepare Without Getting Burned
Start by mapping the physical work inside your business. Write down the tasks that are repetitive, physically demanding, hard to staff or prone to injury, and estimate what each one actually costs you today in wages, turnover, errors and downtime. This exercise is valuable even if you never buy a robot, because it forces you to see your operations clearly and often reveals cheaper fixes, from better layout to simpler equipment.
Then match the problem to the right tool. A conveyor, an autonomous mobile robot or a collaborative arm may solve a task more cheaply and reliably than any humanoid. Humanoids make the most sense where your space, tools and processes were designed for people and redesigning them would be expensive. Before you think about physical robots at all, it is worth working out what to automate with AI agents first, because the software side of your business is usually where the fastest and cheapest gains are hiding.
When you do test a robot, run it like any serious experiment. Choose one narrow task, agree on clear success metrics with the vendor, insist on a pilot before a long contract and ask hard questions about uptime, safety certification, support response times and what happens to your data. And bring your team into the process early. The deployments that work treat robots as a way to remove the worst parts of a job, not as a threat hanging over the people doing it.
Stay Curious, Stay Grounded
Humanoid robots are at an awkward, fascinating stage. They are real enough to be loading car parts and moving totes on paid contracts, but early enough that their makers are still openly redesigning hardware and admitting how much work remains. That is exactly the moment when informed founders gain an edge, because they can learn while the costs of experimenting are falling and before the technology becomes a commodity everyone uses.
You do not need to predict exactly when humanoids will become common in small businesses. You just need to keep watching the real deployments, understand your own operations deeply and be ready to move when the numbers make sense. The future rarely arrives all at once. It shows up one shift, one pilot and one practical use case at a time, and the founders paying attention are the ones who get to shape it.
The post What Humanoid Robots Really Mean for Founders Right Now appeared first on Addicted 2 Success.
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Scott Bessent just reframed the case for a December rate hike
Treasury Secretary Scott Bessent said Oct. 28 that additional Federal Reserve rate hikes would not necessarily represent a policy mistake, signaling the Trump administration may tolerate further tightening if the data requires it.
Bessent’s remarks came hours after the Federal Reserve held interest rates steady at its October meeting, a widely expected decision. The pause followed a rate increase one month earlier, the first hike in three years.
Prediction markets put the odds of a December rate increase at roughly 50-50 ahead of the October decision.
Bessent’s comments mark a notable shift in tone from the administration’s typical posture on rates. President Donald Trump has repeatedly called for lower borrowing costs and previously pressured former Fed Chair Jerome Powell over monetary policy.
Bessent said he and Trump have confidence in Fed Chair Kevin Warsh, who was confirmed to the post earlier this year, and that the two believe Warsh is managing the balance between full employment and price stability well.
Bessent handed the December rate call to the Fed
Bessent did not oppose a December rate increase. Rather, he said whether one is warranted depends on what the data show between now and then, and that judgment belongs to the Fed. He said he and Trump have confidence in Warsh and are not pressing the central bank in either direction.
“I think Chair Warsh is off to a great start,” Bessent said. “As I often say, I have great confidence in him.”
Also read: Fed Chair Kevin Warsh reveals October surprise inside interest-rate pause
The Fed’s October hold left the federal funds rate unchanged after the central bank raised borrowing costs in September.
That September move was the first rate increase in three years. The Fed pointed to persistent inflation above its 2% target as the basis for tightening, and December has become the next key decision date markets are watching.
Bessent’s posture allows the Fed more operational independence than Trump-era commentary on monetary policy has typically suggested. Instead of calling for cuts, he characterized Warsh’s stewardship as strong and declined to put pressure on the central bank ahead of December’s meeting.
That restraint distinguishes his Oct. 28 comments from how the administration has talked about the Fed in the past.
The Iran war shock keeping prices above target
Bessent identified the energy-price shock tied to the U.S. conflict with Iran as the main force keeping inflation above the Fed’s 2% target. He asked the central bank to keep an open mind about whether the shock is transitory before deciding how aggressively to respond.
Monetary tightening works through demand. It raises borrowing costs, slows spending, and cools price growth that way. It does not replenish oil fields or reopen supply chains.
If the Iran conflict pushed energy prices up and those costs ease on their own, a rate hike in December addresses the wrong problem. It slows the economy without doing anything about the source of the inflation.
Bessent said he was not forecasting which outcome was more likely. He said the Fed has time to assess it before December. Getting that call wrong carries costs: tightening into a supply-driven price spike means slowing an economy that the energy shock is already straining.
On the Iran front, Bessent described Operation Economic Outcast, the Treasury-led campaign to isolate Iran’s economy, as producing results. Internal estimates, he said, put Iran’s potential economic contraction at 20% to 25%. He said the operation has been “very successful.”
Bessent said he expected the third-quarter GDP report, due Oct. 29, to show strong growth, though he added he had not yet seen the data.Alex Wong / Getty Images
Musk’s neocloud warning didn’t spook Bessent
Bessent also addressed growing concerns about debt financing among neocloud companies, a group of specialized AI infrastructure providers that have faced market pressure in recent weeks.
Musk’s warning that more than 200 neocloud firms could face what he called “guppy-level death and consolidation” weighed on the sector. Bessent said Treasury is monitoring the space but does not view the credit stress as a systemic risk.
“I don’t think it’s problematic at all,” Bessent said. “The neoclouds are a small component of the overall ecosystem, and we’re still seeing the financing getting done. We’re still seeing the deals get done.”
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The Treasury’s assessment tracks with how regulators typically treat a niche sector under strain. Individual companies may fail or consolidate without that stress transmitting to the broader financial system.
Bessent’s comments suggest Treasury is watching for contagion but sees no reason to intervene. Whether that view holds depends on how quickly credit conditions tighten for the firms still actively financing AI infrastructure buildouts.
What the Oct. 29 GDP print could change for December
Bessent said he expected the third-quarter GDP report, due Oct. 29, to show strong growth, though he added he had not yet seen the data. The report will offer the clearest read yet on how the economy held up through a period of rising rates and energy-driven inflation.
A strong number alongside elevated inflation narrows the Fed’s case for holding. The central bank does not need to protect a fragile economy if the data show growth holding up.
A soft print changes that. It puts tightening into a slowing economy at a moment when energy costs are already eating into household and business budgets.
For bond markets, the combination of a strong GDP print and persistent inflation is the scenario most likely to extend the selloff in longer-dated Treasuries.
Mortgage rates, which track the 10-year yield, would follow. Growth stocks and high-debt companies, which are more sensitive to rate expectations, would also face pressure if December’s hike becomes the consensus view.
Bessent’s Oct. 28 comments, taken together, outlined an administration that sees the economy as durable, the Fed as capable and the path to December as data-dependent.
Whether that confidence is tested will depend on what the Oct. 29 GDP figure shows and what the next inflation reading says about how far energy prices have spread into the broader price level.
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