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Top story Stock futures surge after Democrats sweep U.S. midterms; Dow futures up about 800-900 points

Wall Street read the Democratic takeover of Congress as reducing policy uncertainty, lifting equities while Treasury yields fell.

full coverage →marketselectionsmacro
CVS Health to split off its drugstore business, unwinding the Aetna-era healthcare conglomerate

The breakup reverses the 2018 Aetna acquisition and dismantles CVS's vertically integrated pharmacy and insurance model.

full coverage →healthcarem&aretail
AI stocks mixed and Musk's Tesla, SpaceX tumble as midterm results raise data center and policy risks

A Democratic sweep added volatility to the AI trade, with data center names falling and renewables rising on expected policy shifts.

full coverage →aielectionsmarkets
AMD stock jumps on big Q3 earnings beat as data center revenue climbs 97%

Strong AI-driven data center sales eased investor fears about hyperscaler spending and lifted chip stocks.

full coverage →earningssemiconductorsai
Meta seeks to raise up to $25 billion in bond sale as AI spending jumps

Meta is tapping debt markets to fund infrastructure and AI model spending, part of a broader rise in Big Tech AI-related borrowing.

full coverage →aidebttech
3M to pay $7.4 billion to settle 'forever chemicals' injury claims

The settlement resolves litigation over PFAS in firefighting foam, a long-running liability for the industrial conglomerate.

full coverage →legalindustrialspfas
Uber beats on revenue but misses on mobility and delivery estimates, Q4 outlook below expectations

Higher overseas fuel costs and tighter driver supply weighed on Uber's mobility unit even as revenue topped forecasts.

full coverage →earningsride-hailingtech
Novo Nordisk shares jump as Wegovy pill sales beat estimates and outlook is raised

Strong oral Wegovy sales bolster Novo's position in the obesity drug market against rival Eli Lilly.

full coverage →earningspharmaglp-1
ADP: private companies added 86,000 jobs in October, slightly above expectations

Private-sector job growth held steady across sectors, a key input ahead of Friday's official employment report.

full coverage →jobsmacroeconomy
McDonald's Q3 earnings beat but U.S. restaurant traffic falls

McDonald's has leaned on discounts to attract budget-conscious diners as visits to U.S. locations decline.

full coverage →earningsrestaurantsconsumer
Disney plans several thousand layoffs and asks managers to cut costs by up to 20%

The cuts mark Disney's largest round of job reductions this year as it seeks cost savings.

full coverage →medialayoffscosts
Oil prices fall as markets weigh midterm results and hopes for de-escalation with Iran

Crude declined for a second day as investors bet a Democratic Congress could reduce the risk of further Iran escalation.

full coverage →oilcommoditiesgeopolitics
Gold, silver and precious metals jump as dollar dips after Democrats take Congress

Metals rallied on a weaker dollar and expectations of shifting fiscal and rate policy under a divided government.

full coverage →goldcommoditiesmacro
Euro zone inflation hits 4% for the first time in three years on energy surge

Energy inflation above 20% in October raises the odds of an ECB rate hike.

full coverage →inflationecbeurope
Judge allows class action McRib lawsuit against McDonald's to proceed

A federal judge ruled the suit alleging the McRib contains no rib meat can move forward.

full coverage →legalrestaurantsconsumer
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