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Top story Democrats sweep US midterms, take Congress in rebuke to Trump

Democrats flipped both chambers of Congress in the 2026 midterms, marking the third time in 50 years a party lost both at once.

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Stocks and futures slide as Democratic sweep stokes fears for AI buildout

Investors worried a Democratic Congress could slow data center and AI infrastructure spending central to economic growth.

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AMD stock jumps as data center revenue nearly doubles, guidance beats

AMD's upbeat AI chip forecast eased Wall Street fears about the durability of AI spending.

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Disney plans several thousand layoffs, asks managers to cut costs up to 20%

The cuts are the entertainment giant's latest round as it redirects funding to films and television.

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Canva cuts 1,271 jobs, 22% of workforce, in major reorganization

CEO Melanie Perkins called it the company's hardest moment after its toughest year in 13 years.

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Meta seeks to raise up to $25 billion in bond sale to fund AI spending

The debt sale comes as hyperscalers ramp infrastructure spending, increasingly influencing bond markets.

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CrowdStrike launches AI kill switch to stop rogue internal agents

The security feature can block agent relaunches and cut enterprise network access, which CrowdStrike calls a major market opportunity.

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Binance says hackers used fake job interviews and AI to steal $6.3 billion

Binance says it has replenished 98% of affected assets, putting crypto custody at the center of the infrastructure trade.

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Apple Q4 revenue rises 12% to $114.5 billion under new CEO John Ternus

Shares fell after investors balked at gross margin outlook and slowing services growth despite the hardware-driven beat.

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Novo Nordisk raises full-year outlook as Wegovy pill sales impress

The drugmaker posted quarterly earnings ahead of expectations on strong obesity pill demand.

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Booking Holdings takes $1 billion hit to Q3 results tied to FTC action

The charge tied to a US regulator's action weighed on the travel company's third-quarter results.

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Democrats win Texas Senate race as Talarico beats Musk-backed Paxton

James Talarico is the first Democrat to win a Texas Senate seat since 1988 despite heavy spending against him.

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CVS to split pharmacy and insurance businesses into two companies, WSJ says

The reported breakup would separate CVS's retail pharmacy arm from its Aetna insurance unit.

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Democratic governors elected on promises to stop data center building

Ohio ballot measures and gubernatorial wins in Texas, Georgia and Ohio show deep discontent with the AI infrastructure spree.

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Job openings jump to 7.52 million in September, topping forecasts

The BLS figure rose 333,000 from August, a positive sign for the labor market ahead of the payrolls report.

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Fannie Mae, Freddie Mac rally as Ackman presses for conservatorship exit

The investor said the midterm elections could be a turning point for releasing the mortgage giants from government control.

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