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Top story Democrats win control of Congress in historic midterm rout

Democrats flipped seven Senate seats, roughly 30 House districts and five governorships, ending Republican control of both chambers.

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Nasdaq tumbles 6% as AI chip rout deepens after Democrats' midterm sweep

Post-election selling hit semiconductor names hard, with Qualcomm falling 9% after earnings and Arm slipping on soft guidance, even as AMD rose on its own results.

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AI backlash threatens trillion-dollar data center boom, tech leaders warn

Executives at the FT's Future of AI summit acknowledged the industry fueled hostility to its own expansion, as midterm results could slow planned capacity.

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OpenAI proposes data center rules after voters rebuke AI expansion

OpenAI pledged to cover grid costs, solicit community input and disclose water, energy and noise data for its data centers.

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Bank of England raises rates for first time since Iran war, warns inflation near 5%

The BoE lifted its key rate to 4.25% with one policymaker dissenting, as UK inflation pressure persists.

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Crypto industry braces for tougher Washington after Democratic sweep

Democrats in Congress could impose stricter rules on crypto and investigate President Trump's ties to the sector.

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Fed's Barkin sees gradual rate hikes ahead amid inflation concerns

The policymaker said monetary policy will need to adjust as price pressures build.

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European stocks overtake Wall Street for the year after Democratic sweep

The Stoxx 600 moved ahead of the S&P 500 as US stocks fell and investors bet White House policymaking will be constrained.

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Moonshot AI turned to Europe for Nvidia Blackwell access amid US curbs

The Chinese AI lab sought leasing deals with European neoclouds as US export controls restrict chip imports to China.

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Wendy's rejects $1.4 billion takeover proposal from Peltz's Trian

The burger chain said the offer undervalues gains from its turnaround strategy.

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Maersk shares tumble after earnings and guidance disappoint

The shipping giant's results and outlook fell short of expectations.

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Voters rank the economy as top issue and blame Trump, CNBC poll finds

Economy concerns outpaced democracy and immigration as the driving issue in this year's midterms.

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Palo Alto Networks in talks to buy Israeli startup Clutch Security for $500M

The cybersecurity giant is negotiating an acquisition of the Israeli identity-security startup.

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Democrats' sweep revives wealth tax push despite California Proposition 40 loss

Billionaires defeated a California wealth tax, but incoming Democrats are eyeing a national fight and other tax proposals.

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