US stocks fell sharply on Thursday, with technology and AI shares taking the worst of it, a day after a post-election rally. The Nasdaq Composite closed down 5.5%, its worst day since the April 2025 tariff crash.
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Voters across the country sided overwhelmingly with limits on data center development in local ballot measures on Tuesday, and candidates who ran against the buildout won governorships and Senate seats in several states. Counts differ by when they were taken and what they include.
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Oil prices fell for a fourth straight session on Thursday as traders bet that Tuesday's midterm elections, in which President Donald Trump's Republicans lost control of Congress, make an end to the US-Israeli war on Iran more likely.
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Advanced Micro Devices reported third-quarter revenue of $13.4 billion on Tuesday, up 45% from a year earlier. That beat the company's own guidance of $13.0 billion and Wall Street's estimate of about $13.1 billion.
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Walt Disney Co. is preparing another round of layoffs that may affect thousands of employees, according to a report that circulated around November 3. Some managers were told to identify annual cost savings of up to about 20%, which could come from job cuts and other expense reductions.
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Apple reported fiscal fourth-quarter results on Monday that beat Wall Street expectations. Revenue came in at $114.48 billion against an estimate of $113.39 billion, and earnings per share were $2.10 against $1.99, according to LSEG data.
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Villa Vie Residences suspended its "never-ending" world cruise on Tuesday, leaving more than 200 passengers and 156 crew members to leave the ship in Sihanoukville, Cambodia. Reports put the passenger count at 200 or slightly more, most of them American.
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US stocks fell sharply on Friday, led by technology shares, as investors worried that spending on artificial intelligence has pushed prices too high. The Nasdaq composite dropped 2.9% to 25,437.00, its worst day since June.
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Binance, the world's largest cryptocurrency exchange, announced a security breach on Thursday in which roughly $6.3 billion was taken, a loss that Reuters reports could be the largest crypto theft on record. The company halted withdrawals, said customer funds are safe, and expects to resume withdrawals within 48 hours.
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Microsoft has offered a voluntary exit package to about 60,000 employees, roughly 27% of its workforce of about 223,000 full-time staff as of the end of June. Chief People Officer Amy Coleman announced the program in a memo to staff on Monday, according to most reports, though one outlet dates the announcement Tuesday.
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Anthropic filed for a Nasdaq listing on Monday. Its prospectus shows revenue of $16.3 billion for the first half of 2026 and a net loss of $80.7 billion, most of it an accounting charge.
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Airbnb will bar hosts from requiring guests to do checkout chores such as washing dishes, stripping beds or taking out the rubbish, under new rules that apply to reservations booked on or after November 20. The company published the rules on Thursday.
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Rising living costs are the main obstacle to getting ahead for 60 percent of Americans, according to a report the McKinsey Institute for Economic Mobility published on Saturday. The report is based on a survey of 30,000 people.
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Small and medium-sized businesses in Malaysia with annual sales below RM50 million will be exempted from the national minimum wage increase to RM2,000, which takes effect in June 2027. But the exemption will not stop smaller firms from feeling the wage increase's effects on hiring, according to Calvin Kwan, chairman of the Small and Medium Enterprises Association of Malaysia's northern region.
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Industry Minister Mélanie Joly has warned Cleveland-Cliffs Inc., the U.S. owner of Stelco, that the company could face financial penalties or be forced to divest its Canadian operations if it proceeds with planned layoffs affecting up to 500 workers at Stelco facilities in Hamilton and Nanticoke, Ontario. Stelco has cited the trade war with the U.S. and an inability to compete in the galvanized steel market as reasons for the cuts, and says the layoffs comply with the Investment Canada Act.
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US industrial output rose 0.7% in September from the previous month and 2.2% from a year earlier, according to ING economists cited in a report published Saturday.
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Chinese automakers made up nearly a third of the 64 brands exhibiting at the Paris Motor Show this year, the clearest sign yet of how quickly they have moved into Europe.
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A commercial court in Orléans has approved a takeover offer for Duralex, the French glassware maker, under terms that save 155 of the company's remaining 220 jobs but wipe out the money of more than 10,000 individual investors.
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Spain's economy grew by roughly 3% in both 2024 and 2025, and the International Monetary Fund projects growth of 2.5% for 2026. Goldman Sachs puts that pace at three times the Eurozone average.
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A market selloff and rising interest rates are pushing companies in the global AI data centre sector to delay fundraising or pay more for capital, according to a Reuters analysis. Investors are demanding proof that firms can absorb higher rates and rising computing-power costs before committing money.
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