The Aftermath of the Midterm Elections Dealt a Severe Blow to Major Technology Companies
The aftermath of the midterm elections dealt a severe blow to major technology companies.
artificial intelligence infrastructure
US Job Growth Accelerates in October as Unemployment Falls to 4.1%
The labor market is heating up across-the-board and supports our view that the Fed will raise the policy rate again in December, said Kathy Bostjancic, chief economist at Nationwide.
Legrand Raises 2026 Sales Forecast on Data Centre Demand
Legrand raised its 2026 sales growth forecast on Thursday for the second time this year, citing robust demand for data centre infrastructure.
Voters Reject Data Center Expansion in Landmark Election Results
Voters across the United States decisively rejected artificial intelligence infrastructure on Election Day, with seventy-six percent of NBC News poll respondents opposing data centers in their communities while dozens of local ballot measures moved to block or restrict new construction.
AMD Beats Earnings Estimates as Data Center Revenue Grows 97%
Advanced Micro Devices reported third-quarter earnings on Tuesday that beat Wall Street expectations, with adjusted earnings per share of $2.09 compared to the $1.95 consensus estimate.
Wall Street Rises Supported by Crude Oil Price Decline
Global financial markets traded with heightened volatility on Tuesday, November 3, 2026, as voters across the United States headed to the polls for midterm congressional elections.
OpenAI Cuts Funding Target to $20 Billion Amid Market Volatility
ChatGPT maker OpenAI scaled back its funding target to twenty billion dollars at a one-and-a-quarter-trillion-dollar valuation ahead of an October 30 deadline, trimming ambitions…
Amazon Leads Financial Windfall Ahead of Anthropic Public Offering
Anthropic is preparing for an initial public offering with a private valuation reaching $965 billion, while deploying hundreds of billions into cloud infrastructure.
Microsoft Offers Voluntary Exit Packages to Tens of Thousands
Microsoft is offering voluntary departure packages to tens of thousands of employees across four countries, including staff in artificial intelligence and development divisions.
Goldman Sachs Slashes Kospi Target to 9,000 But Sees 60% Upside
Goldman Sachs slashed its 12-month target for South Korea’s benchmark Kospi index from 12,000 to 9,000, responding to a 40 percent drop from record highs and slowing earnings…
Anand Mahindra Praises Rugged Beauty of Gangavaram Beach
Industrialist Anand Mahindra has turned his weekly travel series toward Gangavaram Beach near Visakhapatnam, highlighting its prehistoric rocky cliffs and contrasting the raw…
Global Equities Retreat as Tech Earnings Shake AI Confidence
Global equities retreated on Thursday, October 22, 2026, as disappointing corporate earnings from major technology firms renewed doubts over artificial intelligence spending.