Dow surges 1,500 points, biggest post-midterm rally in 44 years, as Democrats sweep Congress
Equities rallied on bets that a divided Washington will curb policy swings, with cheaper oil adding to the risk-on mood.
Yahoo Finance · +14 outlets
Oil plunges below $90 as midterm results raise hopes for an end to the Iran war
Crude slumped after Vice President JD Vance blamed Republican losses on the Iran conflict, feeding expectations of easing geopolitical risk.
CNBC · +14 outlets
Data center and power stocks tumble as voters rebuff buildout in midterm ballot measures
Democratic wins in Texas and other states raised long-term questions about the AI infrastructure boom, hitting chip, utility and industrial names.
CNBC · +14 outlets
CVS to split off drugstore business in major breakup; shares fall 10%
The move would unwind CVS's $78 billion Aetna acquisition and dismantle the vertically integrated healthcare conglomerate built since 2018.
CNBC · +7 outlets
Democrats flip dozens of GOP seats in historic 2026 midterm rout
Democrats won seven Senate seats, roughly 30 House districts and five governorships, and are preparing an affordability agenda.
CNBC · +14 outlets
Qualcomm falls about 7% on weak outlook as memory costs weigh on smartphone demand
The company beat expectations but guided lower, citing rising component costs and the loss of Apple's modem business.
CNBC · +10 outlets
SpaceX signs multiyear deal with Qualcomm to build Starlink Mobile 5G base stations
The agreement pairs SpaceX's satellite network with Qualcomm network technology for a US mobile service.
CNBC · +9 outlets
Trump Media shares hit a record low after Democrats' midterm sweep
The DJT decline cut into President Trump's net worth and weighed on allied tech billionaires' fortunes.
CNBC · +14 outlets
3M strikes $7 billion settlement over 'forever chemical' firefighting foam claims
The deal resolves personal injury litigation tied to PFAS contamination from its foam products.
Star Tribune · +7 outlets
HP names former GSK chief Emma Walmsley CEO; shares jump over 6%
Walmsley, a restructuring veteran, takes over as the hardware maker pivots toward AI hardware.
Reuters · +11 outlets
AMD data center revenue nearly doubles in Q3, but stock ends flat
The chipmaker beat estimates on AI demand, though valuation concerns capped the share reaction.
Yahoo Finance · +13 outlets
ADP says private sector added 86,000 jobs in October, above expectations
The payrolls report showed slower but still solid hiring heading into the midterms.
Fox Business · +14 outlets
Goldman and Apollo in talks to sell SpaceX's $40 billion AI chip financing deal
The banks are seeking buyers for a large AI chip financing package tied to SpaceX, according to Bloomberg.
Bloomberg.com · +8 outlets
Datadog beats but shares plunge on weak sales outlook and slower AI customer usage
Lower usage from a major AI customer weighed on growth guidance, sending the software stock sharply lower.
Investor's Business Daily · +9 outlets
Anthropic still grappling with the economics of AI compute as demand outpaces supply
The AI lab is racing to secure the processing capacity needed to serve customers.
TechCrunch · +1 outlets
Novo Nordisk shares jump 6% after raising 2026 outlook on Wegovy pill demand
The drugmaker reported pill sales that exceeded expectations and issued an improved full-year forecast.
Yahoo Finance · +14 outlets
Treasury yields and the dollar fall on election results and cheaper oil
Gold held above $4,000 as the dollar and yields slipped following the Democratic sweep.
Investing
Arm beats quarterly targets on data center surge, but shares fall
The chip designer posted 27% sales growth on AI demand while investors fretted about the outlook.
Investor's Business Daily