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Top story Tech stocks log worst day since 2020 as AI trade rout erases over $2 trillion
MarketWatch

A Democratic midterm sweep raised fears of data center restrictions, triggering a broad selloff in AI-linked chip and tech shares.

full coverage →marketsaitech
ReutersBlue tsunami wipes out $2.5 trillion from Nasdaq, as investors fret about AI tradeCNBCMagnificent 7 loses $1 trillion. The most eye-popping stats from Thursday's tech stock plungeFtWall Street sheds $3.2tn as Democratic midterm sweep triggers brutal AI routWptzA brutal sell-off for AI stocks sends Wall Street reeling, and the S&P 500 tumbles 4.4%WralA brutal sell-off for AI stocks sends Wall Street reeling, and the S&P 500 tumbles 4.4%FortuneTech stocks are suffering their biggest selloff since Covid, as investors see premature end to AI datacenter boomDecryptS&P 500 Plunges, Wall Street Fears Circuit Breaker, Just One Day After Trump Celebrated Record HighsYakimaheraldA wipeout for AI stocks sends Wall Street tumbling, and the S&P 500 drops more than 3%InvestingNasdaq closes in correction territory on Wall Street’s worst day since April 2025BloombergUS Stock Futures Diverge as Chip Selloff Extends Into Second DayBusiness InsiderAI stocks are in free-fall as investors panic over the risk of a data center slowdownNbcnewsStocks plunge as election outcome and AI worries crush tech sharesThestreetAI Rout Sends the Tech Sector to Its Worst Day Since the Covid CrashBenzingaVIX Spikes 39% as AI Tech Rout Wipes Out $2.2 Trillion: Stock Market Today
Democrats sweep midterms, win House and Senate and call for data center limits
CNBC

Democratic wins up and down the ballot have put the AI infrastructure buildout under political scrutiny, unsettling investors.

full coverage →politicsaielections
FtWill Democrats stall the AI boom?FortuneHow the Democratic party flipped the House and Senate, in 12 chartsBusiness InsiderBusiness leaders react as a 'blunami' sweeps AmericaThe New York Times2026 Midterm Election Live Updates: Democrats Clear 250 House Seats; Mississippi and Alaska Results NewsCnnDemocrats have ousted at least 30 Republican incumbents, from swing districts to GOP strongholdsForbesMidterm Election Results (Live Updates): Democrats Win A Montana Seat-36th House District FlippedFoxbusinessHow Democrats’ midterm gains could reshape the political landscape for AINbcnewsElection 2026 results live updates: Vote tallies in Alaska, Mississippi and Kansas continue after Democratic sweepThe GuardianHow Democrats used the midterms to turn affordability concerns into ‘green populism’Cbsnews2026 midterm election live updates as Democrats prepare to take Congress, GOP grapples with stunning lossesBloombergAI Data Center Boom Set for Upheaval After US Election RoutReutersWall Street ends higher after Democrats win Congress; data center stocks tumbleGristWhat a historic ‘blue wave’ midterm means for climate actionTimeMississippi and Alaska Senate Races Remain Too Close to Call
Tesla and SpaceX lose more than $420 billion in combined market cap after midterms
CNBC

Investors worried that a divided Washington could complicate Elon Musk's data center and merger plans, deepening a two-day selloff in his companies.

full coverage →marketsteslaspacex
MarketWatchThe ‘Musk selloff’ deepens as Tesla and SpaceX combine for $456 billion two-day wipeoutReutersSpaceX, Tesla extend losses as midterm results cloud data center, merger outlookLufkindailynewsSpaceX, Tesla extend losses as midterm results cloud data center, merger outlookTradingviewSpaceX, Tesla extend losses as midterm results cloud data center, merger outlookStreetinsiderTesla shares fall on election results and merger concernsBusiness InsiderSpaceX and Tesla's midterm stock drop cut Elon Musk's wealth by $33 billionThetimesElon Musk loses billions as AI and data centre shares fall after midtermsEconomictimesMusk stocks lose $120 billion as Democrats’ Texas win rattles investorsGizmodoMusk’s Companies Tank as Tech Stocks Get a Post-Election CorrectionTokenpostTesla and SpaceX Lose More Than $420 Billion After MidtermsGurufocusMarket Today: Nasdaq Plunges, Tesla and Chip Stocks Hit Hard PosBiggoMusk's $446 Million Midterm Gamble Backfires as Tesla and SpaceX Shed $120 BillionNewsWhy Tesla and SpaceX shares are falling after US midtermsBusiness-standardTesla and SpaceX lose $130 billion as Democrats sweep Texas elections
Cloudflare stock rebounds after fastest sales surge in nearly four years
MarketWatch

Rising demand for automated AI protection showed up in the company's quarterly results, lifting the shares.

full coverage →earningscloudflareai
SiliconangleCloudflare shares surge as revenue growth accelerates to 39% and outlook risesTs2Stock Market Today: Live Updates 06.08.2026RollingoutCloudflare stock jumps 17% as earnings raise profit outlook againCryptobriefingCloudflare Q3 revenue rises to $782.5 million, beating estimates
IRS unveils 2027 tax brackets, standard deduction and higher capital gains thresholds
CNBC

The inflation-adjusted changes set the terms for Americans' 2027 income, capital gains, estate and health savings tax planning.

full coverage →taxesirspersonal-finance
MarketWatchHere are the 2027 capital-gains tax rates for each income levelKiplingerIRS Updates Capital Gains Tax Thresholds for 2026: Here’s What’s NewForbesIRS Announces 2026 Tax Brackets, Standard Deductions And Other Inflation AdjustmentsJknIRS Lifts Federal Income Tax Brackets and Standard Deductions for 2027 : Economy : JKNMSNIRS unveils higher capital gains tax brackets for 2027YahooThe IRS Releases 2027 Tax Brackets. Here Is What Changed From 2026ThelakewoodscoopIRS Raises Child Tax Credit To $2,300, Standard Deduction To $33,200 For 2027
IREN says $4 billion in annualized revenue delayed at customer's request
CNBC

The neocloud operator said some revenue slips from 2026 into early next year, following a sharp drop in its stock.

full coverage →earningsaidatacenters
MarketWatchHere’s what’s driving Iren’s stock higher after a brutal selloffTechbuzzIREN Delays $4B Revenue as Stock Craters on Customer TimingUaIREN delays more than $4bn in annual recurring revenue until at least January - CNBCTheenergymagIREN AI Cloud Revenue Triples to $200M as $4B ARR Target Slips to 2027StocktitanAI Chip Renter IREN Gets Twice the Price on New Deals for Older Nvidia ChipsGlobenewswireIREN Reports Q1 FY27 ResultsMarketbeatIREN Q1 2027 Earnings Results and ReportTradingviewIREN Stock Faces 3-Month Losing Streak After Q4 Miss, But Analyst Sees ‘Buying Opportunity’BlockspaceIREN AI Cloud revenue hits $200 million as $4 billion ARR target moves to JanuaryFinimizeIREN Beat Revenue Estimates As Microsoft Pushed Back Projects247wallstIREN Drops Nearly 13% in One Session, Testing the $18 LevelBiggoIREN Q1 Revenue Tops Estimates as AI Cloud Sales Nearly Triple; Shares Rise 9%SeekingalphaIREN: $4 Billion Of Contracted ARR Changes The Story (NASDAQ:IREN)TikrIREN Sinks 20% on Report It’s Behind Microsoft’s AI Spending Delay Ahead of Earnings
Nvidia's Huang asked to brief Congress on reported Chinese spy relationship
CNBC

The request follows a New York Times report that President Trump was briefed about the intelligence findings a year ago.

full coverage →nvidiachinaregulation
AxiosNvidia CEO called in by lawmakers over ties to alleged Chinese spyAlarabiyaKey Republicans seek briefing from Nvidia CEO over Chinese spy allegations: DocumentThe New York TimesNvidia Chief, Jensen Huang, Is Seen as Target of Chinese Spy PlotPunchbowlTech: GOP chairs call Nvidia CEO to HillMezhaHouse Republicans ask Nvidia CEO to brief Congress on reported ties to woman accused of spying for China247wallstNvidia Facing Questions As Suspected Chinese Intelligence Asset Got Close to Jensen HuangBenzingaElizabeth Warren Wants Nvidia CEO to Answer Congress on Suspected Spy - NVIDIA (NASDAQ:NVDA)BiggoWarren Demands Answers From Nvidia Over Reported Chinese Spy Ties to HuangAolAlleged Chinese spy had ‘close relationship’ with Nvidia boss Jensen Huang: reportYahooElizabeth Warren Says Nvidia Board and Jensen Huang 'Owe Congress Answers’ Over Reported Spy Ties- Wants AI Technology Kept 'Out of China's Hands'CryptopolitanNvidia spy-plot report revives scrutiny of offshore data centers serving ChinaMSNNvidia's Huang is asked to brief Congress on reported Chinese spy relationship
Canva CEO apologizes and promises no more layoffs this year amid job cuts
Thestreet

CEO Melanie Perkins called the cuts the hardest moment in the company's history as tech layoffs continue across the sector.

full coverage →layoffstechcanva
EconomictimesCanva layoffs: CEO Melanie Perkins calls job cuts ‘hardest moment’ in company's history, says ‘deeply sorrYahooTech layoffs tracker 2026: All the job losses across Canva, Squarespace, Amazon, Microsoft, Apple, Meta and othersYahooCanva CEO apologizes to workers, makes unusual promise amid layoffs
Block cuts jobs for the second time this year, offers 90 days pay to laid-off staff
Business Insider

Jack Dorsey's company told staff it is reducing roles and shifting responsibilities across Cash App and other units.

full coverage →layoffsfintechblock
UsnewsTracking Trump's Crackdown on Higher EducationGooglereal-world gen AI use cases from the world's leading organizationsTechCrunchA comprehensive list of 2025 tech layoffsTimeSenate Backs War Powers Measure Intended to Block Trump in VenezuelaEpi100 ways Trump hurt workers in his first 100 daysBiospaceLayoff Tracker: Novartis subsidiary Avidity will lay off 40 in San Diego
Blue Origin delays next New Glenn launch to January 2027 to rebuild damaged pad
CNBC

CEO Dave Limp said repairs after the May New Glenn explosion have been harder than expected.

full coverage →spaceblue-origin
QzBlue Origin is pushing its New Glenn rocket's return to flight to January 2027WeshBlue Origin delays plan to resume New Glenn launches after Florida explosionUsnewsBlue Origin Pushes New Glenn Rocket Launch to January, Sources SayEngadgetBlue Origin's New Glenn Launch Delay Will Continue Into 2027Tech-insiderBlue Origin New Glenn Delayed to Jan 2027 [Updated 2026]InvestingBlue Origin delays New Glenn launches to January 2027TalkoftitusvilleReport: Blue Origin Delays Return To Flight Until 2027DemokratisBlue Origin Delays New Glenn Launch to January 2027GagadgetBlue Origin pushes New Glenn's return to January 2027AolBlue Origin pushes New Glenn rocket launch to January, sources sayShatteredBlue Origin New Glenn Slips to Jan 2027: 3rd Delay [2026]TradersunionBlue Origin delays New Glenn return to 2027 after Florida launchpad blastSuaragarutBlue Origin Delays New Glenn Launch Until January 2027
Wall Street's VIX fear gauge posts biggest one-day move since April
CNBC

The volatility index swung more than 11 points intraday as traders questioned whether it should be higher still.

full coverage →marketsvolatility
YahooWall Street fear gauge jumps most since 'Liberation Day' as AI trade stumblesBenzingaVIX Spikes 39% as AI Tech Rout Wipes Out $2.2 Trillion: Stock Market TodayQzVIX spikes in history: 10 market panics and their causesMarketWatchInvestor 'fear' is leaving the market at the fastest pace in 19 monthsYahooWall Street's Fear Gauge Just Made a Massive MoveNacionaleWhat is the VIX? Wall Street's 'fear gauge' jumped about 70% as tech stocks sankStraitstimesBlue tsunami wipes out US$2.5 trillion from Nasdaq, as investors fret about AI tradeThestreetBlue Wave Sends the Dow to Its Best Day Since April 2025 as AI Beneficiaries SinkReutersWall Street posts biggest daily drop in three months, Trump Greenland tariff threat triggers wide selloffFortuneThe stock market’s ‘fear gauge’ spiked to its highest level since Trump’s ‘Liberation Day’ tariffs caused a global selloffCnnMassive tech sell-off wipes $2.5 trillion from the stock marketThe Wall Street JournalBig Market Swings Are Back, Putting Investors on EdgeTradingviewAs VIX Explodes, Volatility ETFs Ride Wall Street's $2.2 Trillion Meltdown247wallstHyperliquid's Biggest Traders Are Shorting Bitcoin for the First Time Since March. Could BTC Drop Below $75,000?
Wendy's rejects $1.4 billion takeover proposal from Nelson Peltz's Trian
CNBC

The burger chain said the offer undervalues its turnaround strategy.

full coverage →retailmergers
NrnWendy’s rejects a buyout offer from its former chairmanPymntsWendy’s Rejects Peltz’s $1.4 Billion Takeover Bid, Adopts Defense PlanQsrmagazineWendy’s Rejects $1.4 Billion Takeover Bid, Adopts Poison PillNypostWendy’s rejects $1.4B takeover bid - ‘substantially undervalues’ company, adopts ‘poison pill’ planThe Wall Street JournalWendy’s Rejects $1.4 Billion Buyout Offer From Nelson Peltz’s TrianYahooWendy's rejects buyout bid from activist investor and adopts 'poison pill' planBarronsWendy’s Rejects Peltz Takeover Bid. It Believes ‘Dave’s Way’ Will Revive Sales.ChainstoreageWendy’s rejects $1.4 billion takeover offer; adopts ‘poison pill’InvestingWendy’s rejects $1.4 billion Trian buyout offer, adopts poison pill defenseBreakingthenewsWendy's rejects Trian-led $1.4B takeover offerBnnbloombergWendy’s adopts ‘poison pill’ plan to block hostile takeoverUaWendy’s rejects Trian’s $1.4 billion buyout offer - CNBCTheglobeandmailWendy’s rejects Trian-led buyout offer, adopts ‘poison pill’ planDemokratisWendys Rejects 1.4 Billion Dollar Takeover Offer From Trian
Democrats to probe JPMorgan's relationship with Jeffrey Epstein under Senate control
CNBC

Senate Democrats plan scrutiny of the bank's decision to keep Epstein as a client for years.

full coverage →bankspoliticsregulation
ReutersDemocrats gearing up to probe JPMorgan's relationship with Epstein, CNBC reportsAaSenate Democrats prepare JPMorgan probe over Epstein ties: ReportEconomictimesJPMorgan’s relationship with Jeffrey Epstein may be probed by Democrats after Senate takeover, says reportSeekingalphaDemocrats plan to probe JPMorgan's banking ties with Epstein when in control of Congress - CNBCNypostDems could grill JPMorgan on Jeffrey Epstein ties once they take control of Congress; committee crows, ‘Let’s f–king go’ThenewsDemocrats plan to investigate JPMorgan’s relationship with Epstein: what to knowCryptonomistJeffrey Epstein JPMorgan Chase Faces Planned Senate ProbeIbtimesJPMorgan Stock Faces Fresh Pressure as Democrats Plan Probing Epstein Banking TiesTipranksJPMorgan Chase Stock (JPM) Falls on Reports Democrats Plan to Probe Its Ties to Jeffrey EpsteinNewsmaxDemocrats Plan JPMorgan Probe Over Epstein TiesNbcnewsTrump directs DOJ to investigate Jeffrey Epstein's relationship with political and other figuresMSNDemocrats to probe JPMorgan's relationship with Jeffrey Epstein when they take Senate control
Democratic sweep puts crypto on the defensive in Washington
CNBC

Tougher rules and investigations of President Trump are expected as Democrats take Congress.

full coverage →cryptoregulationpolitics
ReutersMarkets cheer Democratic win, betting divided Washington means fewer policy shocksYahooClarity Act In Doubt As Democrats Take Control Of U.S. CongressTheblockDemocratic sweep of Congress forces crypto industry to rethink Washington strategyDecryptBitcoin Rebounds After Democratic Midterm Sweep, But Crypto Faces Tougher Fight in WashingtonCoindeskU.S. midterms results won't halt crypto's momentum as 85% of activity is abroad, Grayscale saysBitcoinmagazineTD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible’ThestreetDemocratic sweep leaves crypto bill weeks to liveCryptobriefingDemocratic sweep threatens CLARITY Act as Bitget Wallet expects limited impact on crypto tradingBriefsDemocrats' sweep sets a tougher DC climate for crypto, with Clarity on iceInvestopediaBig Tech Rallies, Defense and Prison Stocks Sink: Here’s What’s Moving After the Democrats’ SweepIndependentThe sectors bracing for a potential shift in balance of power in Washington, D.C.BiggoDemocrats Sweep Both Chambers of Congress; Crypto Prediction Market Puts Odds of Trump Impeachment at 83%CryptonewsDemocratic sweep of Congress forces crypto industry to rethink Washington strategy
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