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Top story Democrats sweep 2026 midterms, flip Congress in historic blue wave

Democrats flipped seven Senate seats, nearly 30 House districts and five governorships, giving them control of Congress and setting up clashes with President Trump.

full coverage →politicselectionsmacroeconomics
Dow posts biggest gain of the year, up 1,500 points, as oil falls below $95 on peace hopes

Stocks rallied on hopes that Democratic control of Congress and pressure to end the Iran war will ease geopolitical risk and oil prices.

full coverage →marketsoilpolitics
Voters reject data center ballot measures in almost every midterm vote

Democratic wins in data center hotbeds like Texas raise doubts about the pace of the AI infrastructure buildout and threaten expansion plans.

full coverage →aidata-centerspolitics
CVS to split off drugstore business in major breakup, reversing Aetna integration

The separation would dismantle the vertically integrated healthcare conglomerate CVS built with its $78 billion Aetna acquisition in 2018.

full coverage →healthcarem-aretail
Qualcomm stock falls on weak forecast as memory shortage weighs on smartphone sales

Qualcomm beat estimates but guided below expectations, citing rising memory costs and the loss of Apple's business.

full coverage →semiconductorsearningssmartphones
Big Tech's $600mn midterm campaign falls flat as Musk's bet backfires

Tech and billionaire political spending failed to stop a Democratic wave, with Elon Musk losing $474 million and drawing backlash.

full coverage →politicsbig-techelections
Chip stocks slip and hyperscalers surge as election reshapes AI buildout bets

Investors rotated into Apple, Amazon, Microsoft, Meta and Google while selling data-center-tied chipmakers such as Micron.

full coverage →marketsemiconductorsdata-centers
Oil tumbles below $100 as Vance blames Iran war for Republican defeat

Crude prices fell sharply on expectations that a Democratic Congress will press Trump to end the Middle East conflict.

full coverage →oilenergypolitics
CD Projekt or Figma: Figma stock sinks after earnings beat on AI spending

Figma is giving clients more AI features at the same price, a bet on long-term growth that pressured its shares.

full coverage →earningsaisoftware
Snap shares fall over 10% on third-quarter revenue and user miss

Snap missed on both revenue and daily active users, adding to pressure on the social media company.

full coverage →earningssocial-mediaadvertising
SpaceX signs multiyear deal with Qualcomm for Starlink Mobile network technology

The deal covers base stations for SpaceX's Starlink Mobile cellular service, deepening Qualcomm's role in satellite connectivity.

full coverage →satellitetelecompartnerships
Private companies added 86,000 jobs in October, slightly above expectations, ADP says

Private-sector hiring held steady with gains spread across sectors, a key read on the labor market.

full coverage →jobseconomymacro
Arm stock slips as lack of blowout guidance offsets quarterly results

Arm's results met expectations but investors wanted stronger forward guidance on AI chip licensing.

full coverage →semiconductorsearningsai
McDonald's stock rises as earnings beat and U.S. restaurants improve

McDonald's leaned on discounts to attract budget-conscious diners and reported improving domestic performance.

full coverage →earningsretailrestaurants
Uber beats on revenue as CEO says company is 'investing significantly' in drivers

Uber's mobility unit faced higher overseas fuel costs and tighter driver supply even as revenue topped expectations.

full coverage →earningsridesharegig-economy
Flutter names Dan Taylor CEO, bets on FanDuel promotions as profits suffer

Taylor issued his first earnings report as CEO, with Flutter missing EPS estimates while leaning on promotions to win customers.

full coverage →earningsgamblingleadership
LX Semicon posts first quarterly loss since listing, names new CEO

The Korean display chipmaker swung to a loss and appointed a new chief executive.

full coverage →earningssemiconductorsleadership
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