Logical and Civilized & Business & Economy https://www.cirebontimes.com/en/business-economyrss/category/business-economy Logical and Civilized & Title: Business & Economy en-US Copyright 2026 Cirebon Times & All Rights Reserved. Nasdaq and S&P 500 Rebound After Market Selloff https://www.cirebontimes.com/en/nasdaq-sp500-market-rebound https://www.cirebontimes.com/en/nasdaq-sp500-market-rebound US financial markets regained ground on Friday, November 6, 2026, as technology shares recovered from a sharp selloff and investors evaluated stronger-than-expected employment figures. The Nasdaq Composite led the rebound with a 1.4% gain, while the S&P 500 advanced 0.5%, reflecting renewed buying activity after concerns about artificial intelligence spending unsettled Wall Street.

The Dow Jones Industrial Average (^DJI) edged down 0.1%, according to market data reported by Yahoo Finance. Despite Friday's recovery, major US indexes remained on course for substantial weekly losses following heightened volatility during election week.

Thursday's market rout wiped approximately $2.3 trillion from total market value. Investors were particularly concerned about a potential slowdown in data center construction and reduced spending on artificial intelligence infrastructure.

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Nasdaq and S&P 500 Rebound After Market Selloff Fri, 06 Nov 2026 19:10:13 +0000 Ryan Cooper us stock market, nasdaq composite, s&p 500, dow jones, october jobs report, artificial intelligence stocks, wall street
Hedge Funds Cut Portfolio Managers as Poor Returns Deepen https://www.cirebontimes.com/en/hedge-funds-cut-portfolio-managers https://www.cirebontimes.com/en/hedge-funds-cut-portfolio-managers Hedge funds are accelerating job cuts and closing investment teams across major financial markets as disappointing performance pushes firms to dismiss portfolio managers and return investor capital. The downturn, reported on November 6, 2026, has created a growing pool of unemployed investment professionals and increased uncertainty across the financial industry.

According to Bloomberg performance data cited by eFinancialCareers, numerous hedge funds had fallen below the annual performance threshold associated with Ken Griffin's standard for a viable fund: the risk-free rate plus 4%. Based on the prevailing three-month Treasury yield, that benchmark now exceeds 8%.

November has brought additional pressure, with 108 investment pods reportedly closed, according to Mike Alfaro, chief investment officer of New York-based long-short equity fund Gallo Partners. The closures have intensified competition among displaced portfolio managers seeking new positions.

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Hedge Funds Cut Portfolio Managers as Poor Returns Deepen Fri, 06 Nov 2026 18:47:15 +0000 Brielle Winslow hedge funds, portfolio managers, hedge fund layoffs, investment banking, financial markets, multistrategy funds, trading jobs, gallo partners
Small Retailers Face Rising Shipping Costs Ahead of Holidays https://www.cirebontimes.com/en/small-retailers-shipping-costs https://www.cirebontimes.com/en/small-retailers-shipping-costs Rising transportation expenses are putting pressure on small retailers across the United States as they prepare for the holiday shopping season, with higher fuel prices driving up delivery costs and threatening business profits. Some companies are considering increasing shipping fees or eliminating free delivery to manage the growing expenses.

Jenni Shields, owner of Evie Pearl Handmade, a Kansas-based business selling handmade hair accessories, said shipping one package now costs nearly $6 on average. That compares with approximately $4.50 last year and $2.93 when she started the business eight years ago.

Shields currently charges customers $6 for shipping, including approximately $1.50 for packaging materials. However, the latest increases have left her absorbing additional expenses rather than breaking even on orders.

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An employee moves large boxes of mail at the U.S. Postal Service's Los Angeles Processing and Distribution Center in Los Angeles on Nov. 30, 2022. Fri, 06 Nov 2026 15:37:38 +0000 Ethan Mitchell small businesses, shipping costs, holiday shopping, fuel prices, retail industry, united states postal service, shipping fees
Democratic Midterm Sweep Reshapes Rate Outlook as Stocks Slide https://www.cirebontimes.com/en/democratic-midterm-market-rate-outlook https://www.cirebontimes.com/en/democratic-midterm-market-rate-outlook Democrats' sweeping victories in the November 2026 US midterm elections have changed expectations for interest rates, energy prices, and government policy, while a sharp technology stock sell-off has added pressure to financial markets. Investors are weighing whether the election results could encourage President Donald Trump to pursue an agreement with Iran, reduce oil market disruptions, and ease inflation pressures.

According to CNBC, international benchmark ICE Brent crude fell 8.7% on Wednesday, closing below $100 per barrel for the first time since September. The decline followed Democratic victories in both chambers of Congress and growing expectations that political pressure could accelerate efforts to end the conflict involving Iran.

However, optimism over a possible diplomatic resolution has not eliminated uncertainty. Brent crude recovered to approximately $98 per barrel, while US benchmark West Texas Intermediate traded near $90, according to Yahoo Finance's November 5 market report.

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ICE Brent crude oil Fri, 06 Nov 2026 14:56:23 +0000 Ryan Cooper us midterm elections, federal reserve interest rates, brent crude oil, wall street stocks, artificial intelligence investments, us economy, inflation
US Adds 165000 Jobs in October as Unemployment Falls to 4.1 Percent https://www.cirebontimes.com/en/us-jobs-growth-october-2026 https://www.cirebontimes.com/en/us-jobs-growth-october-2026 The US labor market delivered stronger-than-expected employment growth in October, with employers adding 165,000 jobs as the unemployment rate declined to 4.1 percent. The Bureau of Labor Statistics released the figures Friday, November 6, 2026, providing evidence of continued hiring momentum despite economic uncertainty, persistent inflation, and concerns about artificial intelligence.

October's payroll increase substantially exceeded economists' expectations. Dow Jones estimated a gain of 59,000 jobs, while FactSet's consensus forecast anticipated 65,000. The unemployment rate also came in below the expected 4.2 percent, according to the employment report.

Earlier employment figures were revised upward by a combined 84,000 jobs. August payroll growth increased by 53,000 to 186,000, while September's total rose by 31,000 to 60,000.

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Pedestrians in the Midtown neighborhood of New York on October 15, 2026. Fri, 06 Nov 2026 13:52:12 +0000 Brielle Winslow us jobs report october 2026, unemployment rate, bureau of labor statistics, us labor market, employment growth, wage growth, federal reserve
Moderna Raises 2026 Revenue Outlook After Strong Third Quarter https://www.cirebontimes.com/en/moderna-raises-revenue-outlook https://www.cirebontimes.com/en/moderna-raises-revenue-outlook Moderna has increased its 2026 revenue growth forecast to 15% to 25% after reporting stronger-than-expected third-quarter results on November 6, 2026. The Cambridge, Massachusetts-based biotechnology company credited growing demand for newer vaccines, stronger international sales, and lower operating costs for its improved financial performance.

The revised forecast represents a significant increase from the company's previous guidance of revenue growth of up to 10%. Moderna also reported quarterly revenue of $1.31 billion, exceeding analyst expectations of $885.1 million in an LSEG survey.

According to the Associated Press report published by 10TV, seven analysts surveyed by Zacks Investment Research had expected revenue of $888.8 million and a loss of $1.10 per share. Moderna instead delivered earnings of 38 cents per share.

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The Moderna facility in Laval, Quebec, Canada, on September 19, 2025. Fri, 06 Nov 2026 13:43:46 +0000 Ethan Mitchell moderna, third quarter earnings, stéphane bancel, vaccine revenue, mrna technology, 2026 revenue outlook, biotechnology
Tech Stock Selloff Costs Elon Musk 27.4 Billion Euros https://www.cirebontimes.com/en/tech-stock-selloff-musk-losses https://www.cirebontimes.com/en/tech-stock-selloff-musk-losses A sharp selloff in US technology stocks has wiped an estimated 27.4 billion euros from Elon Musk's wealth, as declining share prices hit major semiconductor manufacturers and companies linked to artificial intelligence infrastructure following Republican victories in the US midterm elections.

According to a report by en.ara.cat published on November 5, the billionaire's estimated losses reached approximately 30.2 billion dollars. The declines affected shares in Tesla and SpaceX, two companies in which Musk holds substantial ownership stakes.

The Philadelphia Stock Exchange Semiconductor Index, which tracks 30 major semiconductor companies listed in the United States, dropped more than 10% during Thursday's trading session. Most of its components recorded double-digit or nearly double-digit declines.

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Billionaire Elon Musk attended an event at the White House last September. Evelyn Hockstein / Reuters Fri, 06 Nov 2026 12:44:43 +0000 Ethan Mitchell elon musk, us stock market, technology stocks, tesla shares, semiconductor stocks, republican elections, nvidia
Trump Blames Democrats for Wall Street Selloff After Midterms https://www.cirebontimes.com/en/trump-democrats-wall-street-selloff https://www.cirebontimes.com/en/trump-democrats-wall-street-selloff Wall Street suffered a steep decline on Thursday, November 5, 2026, as investors reacted to Democratic victories in the US midterm elections and growing concerns about artificial intelligence regulation. President Donald Trump blamed the election results for the losses, warning that Americans' retirement savings had also been affected.

According to market figures reported by Fox Business, the Dow Jones Industrial Average dropped 1,833.06 points, or 3.44%, to 51,523.06. The S&P 500 declined 4.36% to 7,353.73, while the Nasdaq Composite fell 5.52% to 24,314.99.

The Nasdaq's decline marked its worst session since April 2025. The index also entered correction territory, closing more than 10% below its October record high. Bloomberg reported that the Nasdaq 100 lost 6.4%, wiping out approximately $2.3 trillion in market value.

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Carroll Rhodes, an attorney with the Mississippi NAACP, at the state conference headquarters in Jackson on November 4. Photo by Justin Hardiman for NBC News. Fri, 06 Nov 2026 12:44:10 +0000 Delaney Brooks donald trump, wall street selloff, us midterm elections 2026, nasdaq composite, s&p 500, dow jones, artificial intelligence stocks, democratic party
AI Stock Selloff Deepens as Data Center Fears Hit Nasdaq https://www.cirebontimes.com/en/ai-stock-selloff-data-center-fears https://www.cirebontimes.com/en/ai-stock-selloff-data-center-fears Growing political resistance to artificial intelligence infrastructure triggered a major stock market selloff on Thursday, November 5, 2026, as investors reconsidered the growth prospects of data center companies following the US midterm elections. The Nasdaq Composite fell 5.5%, while semiconductor shares suffered particularly heavy losses.

According to Yahoo Finance, the VanEck Semiconductor ETF dropped 11.2%, while Nvidia lost 9.1%. All 11 stock market sectors finished lower, including traditionally defensive industries such as utilities and consumer staples.

Several other technology companies experienced even steeper declines. CNBC reported that Micron fell 17%, Sandisk plunged 22%, and GE Vernova declined 7% during Thursday's trading session. All three companies had also suffered substantial losses on Wednesday.

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AI Stock Selloff Deepens as Data Center Fears Hit Nasdaq Fri, 06 Nov 2026 11:12:07 +0000 Ryan Cooper ai stocks, nasdaq composite, data centers, jim cramer, semiconductor stocks, nvidia, coreweave, stock market selloff
Singapore Airlines Unveils New Premium Cabin Experience for 2027 https://www.cirebontimes.com/en/singapore-airlines-premium-cabin-upgrade https://www.cirebontimes.com/en/singapore-airlines-premium-cabin-upgrade Singapore Airlines (SIA) is preparing a major upgrade to its premium cabin experience, introducing redesigned first-class and business-class seating, improved entertainment systems and new dining configurations. The changes form part of an investment exceeding S$2 billion ($1.6 billion) aimed at strengthening the airline's international competitiveness.

The new products will progressively enter service on Airbus A350 long-haul and ultra-long-range aircraft starting in mid-2027. They will also be installed on Boeing 777-9 aircraft when those planes eventually join the airline's fleet.

First-class passengers will receive individual 32-inch 4K high-definition screens and Bang & Olufsen noise-canceling headphones. The redesigned seats will also support double-bed configurations and face-to-face dining arrangements for passengers traveling together.

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First-class seats can also be converted into a double bed when adjoining seats are combined. SIA says this is the largest double bed in commercial aviation. Fri, 06 Nov 2026 10:09:30 +0000 Ethan Mitchell singapore airlines, sia cabin upgrades, airbus a350, boeing 777-9, first class seats, business class upgrades, airline investment
Investors Auction 500 Million Dollars in Data Center Loans https://www.cirebontimes.com/en/data-center-loan-auction https://www.cirebontimes.com/en/data-center-loan-auction Approximately $500 million in data center loans linked to major US infrastructure projects has entered the auction market, as an unnamed seller offers 12 loans tied to Stargate, Vantage Data Centers and CyrusOne. Bloomberg reported the sale this week, with bids scheduled for November 19.

The auction includes a portion of the Stargate campus in New Mexico, alongside debt associated with Vantage Data Centers and CyrusOne. The sale represents an unusual offering because the portfolio consists entirely of data center debt, according to the report.

The transaction comes amid mounting pressure across commercial real estate lending. According to Trepp, $4.42 billion in commercial mortgage-backed securities (CMBS) loans will reach their hard maturity dates in November, with hospitality properties accounting for the largest portion.

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Investors Auction 500 Million Dollars in Data Center Loans Fri, 06 Nov 2026 08:27:48 +0000 Ryan Cooper data center loans, stargate, vantage data centers, cyrusone, commercial real estate debt, cmbs loans, hospitality debt, loan auction
IREN Delays 4 Billion Dollars in AI Revenue Until 2027 https://www.cirebontimes.com/en/iren-delays-ai-revenue-2027 https://www.cirebontimes.com/en/iren-delays-ai-revenue-2027 IREN has postponed more than $4 billion in projected annual recurring revenue from 2026 until at least January 2027 after Microsoft requested changes to network infrastructure supporting artificial intelligence operations. The Australian neocloud company disclosed the delay in its Thursday earnings report, following a sharp decline in its stock price and growing investor concerns about financing requirements across the AI infrastructure industry.

According to IREN, the delayed revenue could extend into February because of customer requirements and supplier scheduling. The company attributed the postponement to "a customer-requested change and supplier timing."

IREN co-CEO Daniel Roberts identified Microsoft as the customer during the company's earnings call. He explained that the requested modifications involve infrastructure supporting 200 megawatts of computing capacity.

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IREN Delays 4 Billion Dollars in AI Revenue Until 2027 Fri, 06 Nov 2026 05:05:10 +0000 Ryan Cooper iren, microsoft, ai cloud revenue, neocloud industry, data centers, artificial intelligence, daniel roberts
Asian Stocks Plunge as AI Investment Fears Shake Markets https://www.cirebontimes.com/en/asian-stocks-ai-market-selloff https://www.cirebontimes.com/en/asian-stocks-ai-market-selloff Growing uncertainty over artificial intelligence investment and potential regulatory restrictions in the United States triggered a sharp selloff across Asian financial markets on Friday, November 6, 2026. Japan, South Korea, and Taiwan experienced substantial stock declines as investors reassessed the prospects of the AI industry following major Democratic victories in US midterm elections.

South Korea's Kospi index fell more than 8% shortly after trading began, prompting an exchange trading halt. Japan's Nikkei 225 dropped approximately 7% at the opening, while Taiwan's benchmark Taiex also declined more than 8%, according to Reuters. Markets subsequently showed signs of stabilization as investors began purchasing shares at lower prices.

The regional losses followed a severe downturn on Wall Street. According to Reuters, the Nasdaq fell 5.5%, while companies listed on the S&P 500 collectively lost approximately $3 trillion in market value. The volatility indicator commonly known as Wall Street's fear gauge also surged.

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Asian Stocks Plunge as AI Investment Fears Shake Markets Fri, 06 Nov 2026 04:51:27 +0000 Brielle Winslow asian stock markets, artificial intelligence, ai investment, nikkei 225, kospi index, taiwan taiex, wall street selloff, us midterm elections
Gulf War Disruptions Threaten Energy Trade and Regional Growth https://www.cirebontimes.com/en/gulf-war-energy-trade-growth https://www.cirebontimes.com/en/gulf-war-energy-trade-growth Military tensions involving Iran are disrupting economic activity across the Persian Gulf, threatening energy exports, investment and international business events. Saudi Arabia, the United Arab Emirates, Qatar, Bahrain and Kuwait face mounting pressure as shipping security concerns and damaged infrastructure complicate regional trade and economic recovery.

The conflict has forced companies and governments to reconsider their operations. Saudi Arabia's Riyadh Air has transported international passengers to an alternative airport approximately four and a half hours from its main hub after strikes damaged the original facility.

Saudi Arabia has also postponed its flagship Future Investment Initiative conference until next year. Meanwhile, attacks have targeted the headquarters of state-owned oil company Saudi Aramco and a critical pipeline, while commercial vessels continue to face missile and drone threats in the Strait of Hormuz, according to The New York Times.

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Yuri Gripas/Reuters Fri, 06 Nov 2026 04:14:56 +0000 Brielle Winslow gulf economies, iran war, strait of hormuz, middle east economy, energy exports, imf economic forecast, gulf cooperation council
New York Times Pursues 330 Million Dollar Letterboxd Acquisition https://www.cirebontimes.com/en/new-york-times-letterboxd-acquisition https://www.cirebontimes.com/en/new-york-times-letterboxd-acquisition The New York Times Company is in exclusive negotiations to acquire Letterboxd, a popular online film community, in a transaction valued at approximately $330 million. The proposed deal, reported on November 5, 2026, would expand the publisher's entertainment portfolio and strengthen its subscription-based business.

Two people familiar with the negotiations confirmed the discussions to The New York Times on condition of anonymity because the talks remain confidential. They said the acquisition has not been finalized and could still collapse.

The proposed valuation represents more than 20 times Letterboxd's projected earnings of approximately $15 million this year, according to the same sources.

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Letterboxd attracts movie enthusiasts who use the platform to review and recommend films, curate personal filmographies, and complete viewing challenges. Credit: Sebastian Gollnow/picture alliance, via Getty Images. Fri, 06 Nov 2026 03:28:33 +0000 Delaney Brooks new york times, letterboxd acquisition, $330 million deal, film industry, digital subscriptions, entertainment business, movie reviews
Carney Unveils 2026 Budget With C$142 Billion in New Spending https://www.cirebontimes.com/en/carney-2026-budget-investment-spending https://www.cirebontimes.com/en/carney-2026-budget-investment-spending Canada is committing C$142 billion in additional spending over five years as Prime Minister Mark Carney uses stronger oil revenues to reshape the country's economy, strengthen national independence and address housing affordability. Presented on Thursday, November 5, 2026, the government's second federal budget combines business investment incentives with expanded social assistance and infrastructure development.

Titled Masters of Our Destiny, the budget seeks to reduce Canada's economic dependence on the United States while improving domestic productivity. According to the BBC, higher-than-expected oil revenues, supported by rising global energy prices during the Iran War, have helped finance the spending expansion.

However, the federal deficit remains substantial. CBC News reports that the government projects a C$53.4 billion deficit in 2029, while annual debt-servicing costs could reach C$78.4 billion that year.

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Prime Minister Mark Carney unveiled the second budget of his term on Thursday. Fri, 06 Nov 2026 01:21:16 +0000 Delaney Brooks canada federal budget 2026, mark carney, canadian economy, government spending, homelessness, affordable housing, national sovereignty, business investment
Retail Investors Sell 265 Million Dollars in Stocks https://www.cirebontimes.com/en/retail-investors-record-stock-selling https://www.cirebontimes.com/en/retail-investors-record-stock-selling Individual investors sharply reduced their exposure to US stocks on Thursday, November 5, 2026, as a major technology sector selloff rattled financial markets. Retail traders recorded their largest single-day net withdrawal from individual stocks since the COVID-19 market crash in March 2020, according to Vanda Research.

Vanda Research reported that retail investors sold a net 265 million dollars in individual US stocks during Thursday's session. The outflow represented the biggest daily net selling since March 17, 2020, when individual investors withdrew 502 million dollars from the market.

Separate figures published by CNBC showed that net selling had reached 338 million dollars with less than an hour remaining before the closing bell. Vanda's figures subsequently reflected a reduction in selling as some individual investors returned toward the end of the session.

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Yahoo Finance Thu, 05 Nov 2026 23:43:56 +0000 Delaney Brooks retail investors, us stock market, vanda research, nasdaq composite, stock market selloff, technology stocks, institutional investors
Democratic Midterm Sweep Sends AI Infrastructure Stocks Lower https://www.cirebontimes.com/en/democratic-midterm-ai-stock-selloff https://www.cirebontimes.com/en/democratic-midterm-ai-stock-selloff Concerns about tighter regulation and the future of artificial intelligence investment triggered a selloff in US AI infrastructure stocks on Thursday, November 5, 2026, after Democrats secured major victories in the midterm elections. Investors reassessed data center construction plans, electricity demand and technology spending as the political shift raised uncertainty over the industry's expansion.

According to Euronews, technology shares declined even as broader financial markets advanced following the Republican Party's historic electoral defeat. The Dow Jones Industrial Average gained more than 3%, reflecting investor optimism about potential changes in economic, trade and foreign policy.

AI-related companies faced particular pressure because Democratic victories could bring greater congressional oversight of data centers, construction approvals and the substantial capital investments required to develop artificial intelligence infrastructure.

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Democratic Midterm Sweep Sends AI Infrastructure Stocks Lower Thu, 05 Nov 2026 23:16:01 +0000 Ethan Mitchell ai infrastructure stocks, us midterm elections 2026, data centers, democratic congress, vistra, artificial intelligence regulation, technology stocks, semiconductor market
Wonder Files for IPO as Food Business Expands Across US https://www.cirebontimes.com/en/wonder-files-ipo-food-expansion https://www.cirebontimes.com/en/wonder-files-ipo-food-expansion US food technology company Wonder has taken a major step toward entering the public stock market by confidentially filing for an initial public offering (IPO) on November 5, 2026. Founded by entrepreneur Marc Lore, the company plans to offer Class A common shares as it pursues further expansion across the American food industry.

Wonder Group, Inc. confirmed that it submitted a draft registration statement on Form S-1 to the US Securities and Exchange Commission (SEC). According to its announcement, the number of shares and proposed offering price have not yet been determined. The IPO remains subject to market conditions and regulatory review.

The filing follows substantial financial growth and an aggressive acquisition strategy. According to CNBC, Wonder has raised more than $3 billion in venture funding and spent at least $1 billion acquiring businesses. Its Series D funding round earlier in 2026 valued the company at approximately $9 billion before the investment.

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Array of prepared food on plates Thu, 05 Nov 2026 21:54:02 +0000 Ethan Mitchell wonder ipo, marc lore, food delivery startup, wonder group, initial public offering, food technology, us food industry
Micron Shares Slide as Memory Shortages Pressure Chip Market https://www.cirebontimes.com/en/micron-shares-memory-shortages-pressure https://www.cirebontimes.com/en/micron-shares-memory-shortages-pressure Micron Technology shares faced renewed selling pressure in November as concerns about memory-chip pricing and future profitability overshadowed strong financial results and growing demand. The semiconductor manufacturer has experienced a significant stock decline despite expectations of higher earnings in fiscal 2027 and plans for a substantial share repurchase program.

According to Investors.com, Micron shares dropped during Thursday's trading session, November 5, amid broader market movements following the postelection rally. The report also highlighted declines among other companies, including Cava and Dutch Bros, after their earnings announcements.

Separate analysis published by 24/7 Wall St. on November 3 reported that Micron closed at $833.59 after falling 5.78% in Monday's session. The stock had declined 31.3% from its record closing price and reached its lowest closing level since early August.

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(Micron) Thu, 05 Nov 2026 21:36:03 +0000 Ethan Mitchell micron technology, memory chip shortage, semiconductor market, micron stock, share buyback, fiscal 2027 earnings, memory prices
IRS Raises 2027 Tax Brackets and Standard Deductions https://www.cirebontimes.com/en/irs-2027-tax-bracket-adjustments https://www.cirebontimes.com/en/irs-2027-tax-bracket-adjustments Higher income thresholds and larger deductions will change how Americans calculate their federal tax liabilities in 2027, following an Internal Revenue Service announcement on November 5, 2026. The adjustments affect individual taxpayers, married couples, investors, and estate holders as inflation continues to influence household expenses and financial planning.

According to the IRS announcement reported by CNBC, the revised income thresholds apply to the 2027 tax year, with taxpayers filing their corresponding returns in 2028. The changes cover seven federal income tax brackets, ranging from 10% to 37%.

The highest marginal rate of 37% will apply to individuals with taxable income exceeding $661,375 and married couples filing jointly with taxable income above $793,650.

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IRS Raises 2027 Tax Brackets and Standard Deductions Thu, 05 Nov 2026 20:37:07 +0000 Ryan Cooper irs 2027 tax brackets, federal income tax, standard deduction 2027, estate tax exemption, capital gains tax, h.r. 1, tax planning
Dow Plunges 1670 Points as Nasdaq Enters Correction Territory https://www.cirebontimes.com/en/dow-nasdaq-market-selloff https://www.cirebontimes.com/en/dow-nasdaq-market-selloff US financial markets suffered a sharp reversal on Thursday as investors sold technology shares amid concerns that the Democratic Party's midterm election victories could slow the expansion of artificial intelligence infrastructure and data centers. The Nasdaq Composite fell 5%, the S&P 500 lost 4%, and the Dow Jones Industrial Average dropped 1,670 points, or 3.1%.

The Nasdaq entered correction territory, trading more than 10% below its record high from the previous month. The Dow also erased nearly all its gains from Wednesday's postelection rally, when the index surged more than 1,500 points in its strongest session since April 2025.

The Russell 2000 small-cap index declined 4.3%, also entering correction territory. The S&P 500 was heading toward its worst daily performance since April 2025, according to market data reported by CNBC.

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, November 4, 2026. Thu, 05 Nov 2026 19:46:09 +0000 Brielle Winslow dow jones, nasdaq composite, s&p 500, wall street, stock market, technology stocks, artificial intelligence, data centers, midterm elections
Deoleo Shares Fall 20% as Spanish Rivals Agree Takeover https://www.cirebontimes.com/en/deoleo-spanish-rivals-takeover https://www.cirebontimes.com/en/deoleo-spanish-rivals-takeover Spain's olive oil industry is set for further consolidation after producers Dcoop and Acesur agreed to acquire Deoleo, the world's largest olive oil company. The deal, accepted by Deoleo, values the business at 520 million euros ($583.2 million) and gives each buyer a 50% stake.

Deoleo shares fell 19.9% on Thursday following the announcement, reflecting the market reaction to the takeover agreement. Despite the decline, the company's stock has gained approximately 55% since the beginning of the year, supported by moderating olive oil prices and stronger sales in the United States.

According to Dcoop's announcement, the acquisition aims to increase global olive oil consumption and help farmers generate greater value throughout the supply chain. The partnership will combine two major Spanish producers under a shared ownership structure.

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Bottles of Spanish olive oil are displayed for sale at a Carrefour supermarket in Spain. Thu, 05 Nov 2026 17:37:51 +0000 Delaney Brooks deoleo, dcoop, acesur, olive oil industry, spanish olive oil, takeover deal, olive oil prices
First&Time Buyers Use Inheritances to Fund Record Cash Home Purchases https://www.cirebontimes.com/en/first-time-buyers-inheritance-cash-purchases https://www.cirebontimes.com/en/first-time-buyers-inheritance-cash-purchases Generational wealth transfers are reshaping access to homeownership in the United States, with 10% of first-time buyers completing all-cash purchases in 2025. The National Association of Realtors (NAR) reported the record figure on November 5, 2026, highlighting how inheritances are helping some buyers overcome high property prices and mortgage costs.

The findings come from NAR's 2026 Profile of Home Buyers and Sellers, which examined residential transactions between July 2025 and June 2026. The percentage of first-time buyers paying entirely in cash reached its highest level since the organization began tracking the data in 2003.

Among first-time buyers making cash purchases, 28% used an inheritance to help finance their transactions. By comparison, only 9% of first-time buyers who obtained financing reported using inherited money.

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First-Time Buyers Use Inheritances to Fund Record Cash Home Purchases Thu, 05 Nov 2026 17:00:35 +0000 Delaney Brooks first-time homebuyers, great wealth transfer, housing market, cash home purchases, inheritance, national association of realtors, housing affordability, mortgage rates
US Jobless Claims Fall to Lowest Level in 57 Years https://www.cirebontimes.com/en/us-jobless-claims-57-year-low https://www.cirebontimes.com/en/us-jobless-claims-57-year-low Unemployment claims in the United States have fallen to their lowest level in 57 years, reflecting limited layoffs and continued resilience in the labor market. The Labor Department reported the decline on Thursday, November 5, as businesses maintained relatively stable workforces despite uncertainty surrounding economic conditions. Initial applications for state unemployment benefits decreased by 6,000 to a seasonally adjusted 189,000 during the week ended October 31, according to the Labor Department.

The figure was below economists' expectations of 196,000 claims in a Reuters poll. The latest reading matched the level recorded in mid-July, which represented the lowest number of initial claims since 1969. Weekly applications have also remained largely below 200,000 since mid-September.

Strong domestic demand and rising corporate profits have helped businesses retain employees, limiting the number of layoffs. However, uncertainty surrounding the prolonged US-Israeli war with Iran has continued to constrain hiring activity.

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A 'Now Hiring' sign hangs in the window of a hair salon in Medford, Massachusetts, a Greater Boston community, on August 12, 2025. REUTERS/Brian Snyder/File Photo Thu, 05 Nov 2026 15:59:12 +0000 Delaney Brooks us jobless claims, unemployment benefits, us labor market, october 2026 jobs, labor department, american employment, layoffs
Nasdaq Drops 3.1 Percent as Investors Retreat From AI Stocks https://www.cirebontimes.com/en/nasdaq-ai-stocks-selloff https://www.cirebontimes.com/en/nasdaq-ai-stocks-selloff Wall Street experienced renewed selling pressure on Thursday, November 5, 2026, as investors reassessed the economic and regulatory implications of the US midterm elections. Technology and artificial intelligence shares led the decline, while oil prices recovered amid uncertainty surrounding the war in Iran and potential changes in Washington's foreign policy.

According to CNBC, the Nasdaq Composite fell 3.1%, the S&P 500 lost 1.7%, and the Dow Jones Industrial Average declined 391 points, or 0.8%. Semiconductor manufacturers and companies involved in AI infrastructure experienced particularly heavy selling.

Earlier Thursday, Yahoo Finance reported a different intraday picture, with the Dow gaining 0.6%, the S&P 500 slipping 0.4%, and the Nasdaq falling 1.1%. The contrasting readings reflected developments during the trading session.

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US nominal GDP, year-over-year percentage change, quarterly, 1980 through Q3 2026 · US Bureau of Economic Analysis, Apollo, Yahoo Finance Thu, 05 Nov 2026 15:00:14 +0000 Ethan Mitchell us stock market, nasdaq composite, dow jones, s&p 500, artificial intelligence stocks, midterm elections 2026, oil prices, unemployment claims
Toyota Raises Annual Profit Forecast Despite Quarterly Decline https://www.cirebontimes.com/en/toyota-raises-annual-profit-forecast https://www.cirebontimes.com/en/toyota-raises-annual-profit-forecast Toyota Motor Corp. increased its full-year earnings outlook after stronger revenue and resilient vehicle demand helped offset a decline in quarterly profit. The Japanese automaker reported Thursday that net profit for July-September fell 19% year over year, while its revised forecast points to 3.57 trillion yen in profit for the fiscal year ending March 2027.

Net profit for the second fiscal quarter reached 759.4 billion yen ($4.8 billion), down from 932 billion yen during the corresponding period a year earlier, according to Toyota. However, quarterly revenue increased to 13.4 trillion yen from 12.4 trillion yen.

The company raised its annual profit projection from 3.25 trillion yen, although the new estimate remains below the 3.8 trillion yen recorded in the previous fiscal year.

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This photo provided by Toyota shows the 2028 Highlander. In a major departure, the new Highlander is entirely electric, with no gasoline engine offered. Toyota cites a driving range of up to 320 miles. (Courtesy of Toyota Motor Sales U.S.A. via AP). CORRECTS MODEL YEAR TO 2028 FROM 2027. Associated Press. Toyota Motor Sales U.S.A. via AP. Thu, 05 Nov 2026 14:19:14 +0000 Ryan Cooper toyota motor corp, toyota earnings, japanese automakers, quarterly profit, fiscal 2027 forecast, vehicle sales, japanese yen, automotive industry
Dow Futures Rise 340 Points as Investors Shift Away From AI Stocks https://www.cirebontimes.com/en/dow-futures-rise-ai-stocks-slide https://www.cirebontimes.com/en/dow-futures-rise-ai-stocks-slide US stock futures pointed higher on Thursday as investors reassessed the political and economic implications of the 2026 midterm elections, while shifting investments away from artificial intelligence companies. Dow futures climbed 340 points, or 0.6%, as financial shares advanced and technology stocks extended their losses.

S&P 500 futures increased 0.1%, while Nasdaq-100 futures declined 0.8%. Goldman Sachs, JPMorgan Chase and American Express each gained more than 1% in premarket trading, providing support for the Dow Jones Industrial Average.

Technology companies faced renewed selling pressure, particularly semiconductor manufacturers and businesses involved in AI infrastructure. Investors expressed concerns that Democratic victories in both chambers of Congress and key gubernatorial races could lead to greater regulation of the artificial intelligence industry.

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A trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, August 12, 2026. Thu, 05 Nov 2026 14:14:12 +0000 Brielle Winslow dow jones futures, us stock market, midterm elections 2026, artificial intelligence stocks, nvidia shares, unemployment claims, us labor productivity, wall street
Consumers Favor Physical Gifts as Holiday Budgets Tighten https://www.cirebontimes.com/en/holiday-spending-budget-pressures https://www.cirebontimes.com/en/holiday-spending-budget-pressures Rising prices and economic uncertainty are reshaping holiday shopping plans across the United States, with consumers increasingly favoring physical gifts over travel and experiences. Surveys released November 4 and 5, 2026, by Visa, Circana and Bank of America show shoppers are maintaining holiday traditions while tightening budgets and reconsidering when and how they spend.

Visa's survey of approximately 4,660 U.S. adults found that more than half placed travel and live events at the top of their wish lists. However, only 15% prioritized spending on experiences for others, compared with 27% who favored physical presents.

Michael Brown, Visa's principal U.S. economist, attributed the difference to rising travel expenses, weaker consumer sentiment and greater attention to value.

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A shopper browses shoes at a Skechers store in San Francisco, California, on June 10, 2026. U.S. inflation accelerated in May to its fastest pace in more than three years as the war in Iran drove up energy prices, outpacing Americans' wage gains. Thu, 05 Nov 2026 12:59:06 +0000 Delaney Brooks holiday spending 2026, u.s. consumer spending, inflation, physical gifts, holiday shopping, visa survey, circana, bank of america
Wendys Rejects 1.4 Billion Dollar Takeover Offer https://www.cirebontimes.com/en/wendys-rejects-takeover-offer https://www.cirebontimes.com/en/wendys-rejects-takeover-offer Wendys has rejected a $1.4 billion takeover proposal from an investor group led by Nelson Peltz's Trian Fund Management, choosing to remain independent as the burger chain pursues a turnaround strategy. The company announced its decision Thursday, November 5, 2026, following an assessment by a committee of independent directors.

The investor group offered $7.35 per share in cash on October 28 to acquire the struggling restaurant chain and take it private. The consortium included Trian, investment firms BlueFive Capital and Sixth Street Partners, and Flynn Group, one of Wendys' largest franchisees.

In a Thursday press release, Wendys said its independent board committee determined that the proposed acquisition price did not adequately reflect the company's value or the potential benefits of its ongoing business strategy.

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The Wendy's logo appears on a sign outside a fast-food restaurant near Bloomsburg. Thu, 05 Nov 2026 12:58:28 +0000 Brielle Winslow wendys, nelson peltz, trian fund management, restaurant industry, takeover proposal, fast food business, quarterly earnings
China Blocks SoftBank Acquisition of ABB Robotics Business https://www.cirebontimes.com/en/china-blocks-softbank-abb-robotics https://www.cirebontimes.com/en/china-blocks-softbank-abb-robotics China has blocked SoftBank Group Corp.'s planned acquisition of ABB's robotics business in the country, creating a regulatory obstacle to a divestment agreement valued at $5.375 billion. ABB disclosed the development on November 5, 2026, confirming that SoftBank informed the company of the decision by Chinese authorities.

The prohibition was issued by China's Office of the Working Mechanism for Foreign Investment Security Review. The decision concerns the acquisition of ABB's Robotics business in China and affects a transaction that remains subject to regulatory approvals and customary closing conditions.

ABB said SoftBank is responsible for managing the regulatory approval process. Despite the latest development, both companies remain in discussions about the transaction.

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China Blocks SoftBank Acquisition of ABB Robotics Business Thu, 05 Nov 2026 10:06:59 +0000 Ethan Mitchell abb robotics, softbank group, china foreign investment review, robotics acquisition, $5.375 billion deal, abb divestment
Anthropic Advances IPO Plans With November 16 Debut in Sight https://www.cirebontimes.com/en/anthropic-ipo-november-debut https://www.cirebontimes.com/en/anthropic-ipo-november-debut Anthropic has moved closer to becoming a publicly traded company after releasing its initial public offering prospectus, setting the stage for a potential stock market debut as early as November 16, 2026. The artificial intelligence company behind Claude is preparing to list its Class A shares on the Nasdaq Global Select Market, according to Yahoo Finance. The public filing, submitted on October 26, 2026, began the regulatory countdown required before Anthropic can sell shares to public investors.

However, the company has not confirmed its first trading date, final share price, or the number of shares it intends to offer, Yahoo Finance reported. Under the applicable Securities and Exchange Commission rules, Anthropic must wait at least 15 calendar days after making its prospectus public before beginning its formal investor roadshow. Based on that requirement, November 10 represents the earliest possible starting date for meetings with major investors.

The roadshow will allow company executives and underwriting banks to present the offering and collect indications of investor demand before determining the final share price.

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Riccardo Milani/Getty Images Thu, 05 Nov 2026 08:46:11 +0000 Brielle Winslow anthropic ipo, anthropic stock, claude ai, nasdaq, initial public offering, sec filing, artificial intelligence
Trump Media Shares Hit Record Low After Democratic Midterm Wins https://www.cirebontimes.com/en/trump-media-shares-record-low https://www.cirebontimes.com/en/trump-media-shares-record-low Donald Trump's business interests suffered sharp market losses after Democrats secured major victories in the 2026 US midterm elections, as investors reassessed the political outlook for companies and cryptocurrencies associated with the president. Trump Media shares, the WLFI cryptocurrency and the $TRUMP digital token all declined as Democratic lawmakers gained greater congressional influence.

According to The New York Times, Trump Media & Technology Group shares fell 24% on Wednesday, November 4, closing at $4.49. The decline established a new record low for the company behind Truth Social and extended a prolonged downturn in its market valuation.

The stock has lost more than 90% of its value compared with its closing price on March 26, 2024, its first day of trading. Trump's ownership stake, previously valued at approximately $6 billion shortly after the market debut, is now worth slightly more than $500 million, according to The New York Times.

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On Wall Street, trading in Trump Media shares has long served as a barometer of President Trump's popularity. Credit: Doug Mills/The New York Times. Thu, 05 Nov 2026 07:39:09 +0000 Ryan Cooper trump media, donald trump wealth, midterm elections 2026, world liberty financial, wlfi token, truth social, cryptocurrency market
Bank of England Expected to Raise Interest Rates to 4% https://www.cirebontimes.com/en/bank-england-interest-rate-hike https://www.cirebontimes.com/en/bank-england-interest-rate-hike Rising energy costs and renewed inflationary pressure have put UK monetary policy on course for a potential tightening, with the Bank of England expected to increase its benchmark interest rate on Thursday, November 5, 2026. Analysts widely anticipate a rise from 3.75% to 4%, which would increase borrowing costs while potentially improving returns for savers.

The expected decision would mark the first interest rate increase since August 2023. The Monetary Policy Committee (MPC) has maintained the rate at six consecutive meetings, following earlier reductions from its 5.25% peak.

According to the latest inflation figures, the Consumer Prices Index (CPI) reached 3.5% in September 2026, compared with 3.1% in August. The latest reading remains substantially above the Bank's 2% inflation target, with higher petrol and diesel prices contributing to the acceleration, according to the Office for National Statistics.

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Getty Images Thu, 05 Nov 2026 05:56:48 +0000 Brielle Winslow bank of england, uk interest rates, mortgage rates, uk inflation, interest rate hike, savings rates, uk economy
Asian Markets Rise as South Korea Shares Slide https://www.cirebontimes.com/en/asian-markets-kospi-chip-selloff https://www.cirebontimes.com/en/asian-markets-kospi-chip-selloff Asian stock markets mostly advanced Thursday, November 5, 2026, following a strong rally on Wall Street after the US midterm elections. However, South Korea's Kospi fell sharply as investors sold semiconductor and artificial intelligence-related shares, reflecting concerns about technology valuations.

South Korea's benchmark Kospi briefly dropped more than 4% before trading 3.5% lower at 5,484.38 by late morning, according to market figures reported by The Associated Press.

Samsung Electronics shares declined 5.7%, while SK Hynix, a major memory chip manufacturer, lost 7.4%. The selling also affected other regional technology companies.

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Asian Markets Rise as South Korea Shares Slide Thu, 05 Nov 2026 04:03:10 +0000 Brielle Winslow asian stock markets, south korea kospi, us midterm elections, semiconductor stocks, samsung electronics, sk hynix, global markets
Snap Shares Drop 10% After Third Quarter Revenue Miss https://www.cirebontimes.com/en/snap-shares-third-quarter-revenue https://www.cirebontimes.com/en/snap-shares-third-quarter-revenue Snap Inc. shares plunged more than 10% on Wednesday, Nov. 4, 2026, after the Snapchat parent company reported third-quarter revenue and daily active users below Wall Street expectations. Lower advertising spending from consumer packaged goods companies also weighed on sales, according to company executives.

Snap generated $1.72 billion in third-quarter revenue, falling short of the $1.73 billion analysts expected, according to LSEG. Global daily active users reached 495 million, compared with the 499 million forecast by StreetAccount.

Despite the shortfalls, the company delivered stronger-than-expected adjusted earnings. Earnings per share reached $0.19, exceeding the $0.16 analyst estimate, while adjusted earnings totaled $383 million against expectations of $337 million, according to StreetAccount.

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Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the Axios Media Trends Live event in New York, US, on Thursday, Sept. 18, 2025. Thu, 05 Nov 2026 03:18:33 +0000 Delaney Brooks snap inc, snapchat, snap earnings, third quarter 2026, social media stocks, evan spiegel, digital advertising, daily active users
David Jones Enters Administration After 188 Years in Australia https://www.cirebontimes.com/en/david-jones-enters-administration https://www.cirebontimes.com/en/david-jones-enters-administration Australia's historic department store chain David Jones has entered voluntary administration, threatening more than 6,000 jobs as years of financial losses and mounting operational pressures undermine its business. The 188-year-old retailer appointed administrators from McGrathNicol, while FTI Consulting took control of its operations and began assessing restructuring options across Australia.

The company's 38 physical stores and online operations will continue trading during the initial administration process, according to McGrathNicol. However, store closures are expected as administrators examine the retailer's financial position and seek additional capital.

Analysts anticipate that outer-suburban and regional shopping center locations could face the greatest risk, while flagship stores in major city centers may be more likely to remain open. Seventeen of David Jones' 38 locations operate within Westfield shopping centers.

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Australia's oldest department store, David Jones, has entered voluntary administration. Thu, 05 Nov 2026 01:09:57 +0000 Brielle Winslow david jones, australia retail industry, voluntary administration, department store crisis, mcgrathnicol, fti consulting, australian economy, store closures
Wahlburgers Closes Its Last Standalone Boston Restaurant https://www.cirebontimes.com/en/wahlburgers-closes-boston-restaurant https://www.cirebontimes.com/en/wahlburgers-closes-boston-restaurant The closure of Wahlburgers' Fenway Park restaurant in Boston marks the departure of the burger chain's last standalone location in Massachusetts. The restaurant ended its 11-year run on October 31 after its lease expired, while the company continues exploring opportunities to establish another location in the Boston area.

The closure follows a broader contraction across the company's international restaurant network. According to USA Today, Wahlburgers has closed nearly 80 locations since 2025, including several restaurants in the Boston region.

In an Instagram announcement on October 30, the company thanked customers and employees who supported the Fenway location throughout its 11 years of operation.

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Facebook/Wahlburgers Wed, 04 Nov 2026 22:41:29 +0000 Brielle Winslow wahlburgers, boston restaurant closures, fenway park, mark wahlberg, restaurant industry, massachusetts restaurants, restaurant expansion
Figma Shares Fall 7% Despite Strong Third Quarter Results https://www.cirebontimes.com/en/figma-shares-fall-third-quarter https://www.cirebontimes.com/en/figma-shares-fall-third-quarter Shares of design software company Figma fell 7% in extended trading after its third-quarter earnings report and financial outlook exceeded Wall Street expectations, as the company prioritized long-term growth through increased artificial intelligence investment.

According to results reported by the company, adjusted earnings reached 10 cents per share, compared with analysts' expectations of 5 cents. Revenue totaled $391.4 million, surpassing the consensus estimate of $375.8 million compiled by LSEG.

Revenue increased approximately 43% year over year during the quarter. Figma also reduced its net loss to $81.3 million, or 15 cents per share, from $1.10 billion, or $2.72 per share, in the same period a year earlier.

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Figma signage appears at the New York Stock Exchange in New York as the company prepares for its shares to begin trading on July 31, 2025. Wed, 04 Nov 2026 22:25:57 +0000 Ethan Mitchell figma earnings, figma stock, third quarter results, artificial intelligence, ai investment, praveer melwani, software industry
Housing Stocks Surge After Democrats Win Midterm Elections https://www.cirebontimes.com/en/housing-stocks-surge-midterm-election https://www.cirebontimes.com/en/housing-stocks-surge-midterm-election Shares of major US homebuilders and housing retailers climbed sharply Wednesday, November 4, 2026, after Democrats secured victories in the midterm elections, as investors anticipated renewed federal action on housing affordability and potentially lower borrowing costs.

According to Yahoo Finance, Lennar (LEN) gained more than 8%, while D.R. Horton (DHI) and PulteGroup (PHM) each advanced approximately 8% during midday trading. The rally extended to major home improvement retailers as market participants assessed the potential economic implications of the election results.

Home Depot (HD) initially surged more than 17% before surrendering part of its gains, finishing the reported trading period approximately 5% higher. Lowe's (LOW) jumped 15% at its peak and subsequently traded around 7% above its previous level, according to Yahoo Finance.

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© 1995–2026 The Motley Fool. All rights reserved. Wed, 04 Nov 2026 22:21:38 +0000 Delaney Brooks housing stocks, midterm elections 2026, democrats, home depot, lowe's, lennar, d.r. horton, mortgage rates, housing affordability
e.l.f. Beauty Raises 2027 Forecast After Sales Jump 51 Percent https://www.cirebontimes.com/en/elf-beauty-raises-2027-forecast https://www.cirebontimes.com/en/elf-beauty-raises-2027-forecast Strong demand across cosmetics and skincare products helped e.l.f. Beauty deliver a 51 percent revenue increase in the three months ended September 30, 2026. The US-based beauty company reported $520.8 million in net sales, surpassed Wall Street expectations, and raised its full-year financial projections following growth across domestic and international markets.

According to CNBC, quarterly revenue exceeded the $470.3 million analysts had expected in an LSEG survey. Adjusted earnings per share reached $1.21, more than double the consensus estimate of 60 cents.

The company recorded net income of $30.03 million, equivalent to 50 cents per share, compared with approximately $3 million, or 5 cents per share, during the corresponding period a year earlier. Adjusted net income reached $72.7 million, up from $40.7 million, according to Yahoo Finance.

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e.l.f. Cosmetics Wed, 04 Nov 2026 21:50:00 +0000 Brielle Winslow e.l.f. beauty, tarang amin, quarterly earnings, cosmetics industry, beauty market, rhode skincare, naturium, revenue growth, 2027 financial forecast
Kraft Heinz Sells North American Coffee Business for $650 Million https://www.cirebontimes.com/en/kraft-heinz-coffee-business-sale https://www.cirebontimes.com/en/kraft-heinz-coffee-business-sale Kraft Heinz is restructuring its brand portfolio by selling its North American coffee business to private equity firm One Rock Capital Partners in a transaction valued at $650 million. Announced Wednesday, November 4, 2026, the agreement includes Maxwell House and Gevalia as the company shifts resources toward its core brands.

The transaction is expected to close in mid-2027, according to Kraft Heinz. The company will retain a 30% noncontrolling equity stake in the coffee business following the sale.

Kraft Heinz expects to receive $500 million in post-tax cash proceeds. According to the company, the funds will go toward reducing debt and supporting its strategy of directing investment toward areas with greater growth potential.

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Kraft Heinz Sells North American Coffee Business for $650 Million Wed, 04 Nov 2026 21:31:35 +0000 Brielle Winslow kraft heinz, one rock capital partners, maxwell house, gevalia, coffee business sale, corporate restructuring, 2026 earnings
Tech Giants Rally After Democrats Win Midterm Elections https://www.cirebontimes.com/en/tech-stocks-election-market-rally https://www.cirebontimes.com/en/tech-stocks-election-market-rally Major US technology companies posted substantial stock gains Wednesday after Democrats secured victories in the midterm elections, taking control of both the House and Senate. The results eased investor uncertainty about the political outlook and helped lift shares across several of the industry's largest companies.

During Wednesday's trading session, Amazon shares jumped 8%, Google gained more than 6%, Microsoft advanced 4%, and Meta climbed 3%. Apple also rose nearly 7%, following earlier disputes over tariffs imposed under President Donald Trump and recently received refunds.

David Kelly, chief global strategist at JPMorgan Asset Management, attributed the market's positive reaction to reduced political uncertainty following Tuesday's election results. Speaking on CNBC's Squawk on the Street, he described the potential economic implications of divided government.

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Apple's new CEO, John Ternus, holds the new iPhone 18 while attending iPhone launch day at the Apple Fifth Avenue store in New York City on September 18, 2026, marking the debut of the iPhone 18 Pro and iPhone 18 Pro Max. Wed, 04 Nov 2026 20:40:50 +0000 Delaney Brooks technology stocks, us midterm elections 2026, amazon stock, apple stock, hyperscalers, ai data centers, stock market
Revolut Reaches 115 Billion Dollar Valuation Ahead of US Launch https://www.cirebontimes.com/en/revolut-valuation-us-bank-expansion https://www.cirebontimes.com/en/revolut-valuation-us-bank-expansion British financial technology company Revolut reached a valuation of $115 billion on November 4, 2026, following a secondary share sale led by existing and new investors. The transaction represents a 53% increase from its previous valuation a year earlier as the company prepares to establish a national bank in the United States in 2027.

The share sale involved Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford. According to TechCrunch, the transaction did not bring additional capital into Revolut, and the company declined to disclose the volume of shares sold.

Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut has developed from a money transfer application into a financial services platform serving more than 80 million retail customers across over 40 countries.

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Revolut Reaches 115 Billion Dollar Valuation Ahead of US Launch Wed, 04 Nov 2026 19:33:07 +0000 Ryan Cooper revolut, fintech, 115 billion dollar valuation, us banking license, nik storonsky, digital banking, secondary share sale, financial technology
Oil Futures Fall After November 4 Midterm Election Setback https://www.cirebontimes.com/en/oil-futures-fall-november-4 https://www.cirebontimes.com/en/oil-futures-fall-november-4 US energy markets faced renewed downward pressure on November 4, as crude oil futures declined more than $2 per barrel following a significant midterm election setback for President Donald Trump's Republican Party. Investors reassessed the outlook for the US-Iran conflict, while falling fuel prices and seasonal demand patterns continued influencing the market.

According to Seeking Alpha, oil futures experienced volatile trading as market participants evaluated the potential consequences of the election results for diplomatic relations between Washington and Tehran. The latest decline followed a broader retreat in energy prices during the preceding week.

Data published by Yahoo Finance on November 3 showed that the US national average gasoline price reached $4.169 per gallon on November 2, according to AAA Fuel Prices. That represented a decline of nearly 6% from the end of September and 0.3% from October 31. GasBuddy recorded a larger decrease of 7.9% over the same September comparison period.

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Visions of America/Joe Sohm/DigitalVision via Getty Images Wed, 04 Nov 2026 19:00:09 +0000 Ethan Mitchell us oil prices, crude oil futures, gasoline prices, diesel prices, us midterm elections, iran conflict, energy market
Stocks Rally After Democrats Win 2026 Midterm Elections https://www.cirebontimes.com/en/stocks-rally-democratic-midterm-victory https://www.cirebontimes.com/en/stocks-rally-democratic-midterm-victory Wall Street opened sharply higher on November 4, 2026, after Democrats secured control of both chambers of Congress in the US midterm elections. Investors responded to the decisive results and reduced political uncertainty, pushing major stock indexes upward as retirement savers assessed the potential implications for their portfolios.

The Dow Jones Industrial Average gained 2.1% at the opening, while the S&P 500 advanced 1.8% and the Nasdaq climbed 2.5% in early trading, according to USA Today. The SPDR S&P 500 ETF Trust (SPY) also traded at $763.08 before the opening bell, up 1.16% from its November 3 close of $754.35, according to Yahoo Finance.

Morningstar's examination of 100 years of market performance found that November returns have historically been stronger during election years. Stocks gained an average of 2.4% in November during election years, compared with 0.9% in non-election years, based on data dating to 1926.

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wyofile / Flickr Wed, 04 Nov 2026 16:50:14 +0000 Brielle Winslow 2026 midterm elections, us stock market, dow jones, s&p 500, nasdaq, 401k retirement savings, democratic victory, election market performance
ADP Reports 86000 Private Sector Jobs Added in October https://www.cirebontimes.com/en/adp-october-private-job-growth https://www.cirebontimes.com/en/adp-october-private-job-growth US private employers added 86,000 jobs in October, maintaining the previous month's hiring pace as employment gains extended across several industries. Payroll processing firm ADP released the figures Wednesday, November 4, 2026, reporting growth slightly above economists' expectations of 75,000 jobs.

The October increase matched September's downwardly revised total, according to ADP. Most new positions came from service-related industries, particularly trade, transportation and utilities.

Trade, transportation and utilities recorded the largest increase, adding 39,000 jobs. Education and health services contributed 28,000 positions, while leisure and hospitality added 19,000.

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Job seekers speak with recruiters at the NC4ME hiring event for military veterans in Wilmington, North Carolina, US, on Wednesday, October 28, 2026. Wed, 04 Nov 2026 14:15:32 +0000 Ethan Mitchell adp jobs report, october 2026 employment, us private sector jobs, labor market, nela richardson, wage growth, employment statistics
Apple Stock Gains Shelter From Big Tech AI Sell&Off https://www.cirebontimes.com/en/apple-stock-ai-selloff-shelter https://www.cirebontimes.com/en/apple-stock-ai-selloff-shelter Apple faced renewed investor scrutiny after its latest earnings report, with shares declining 2% on Tuesday despite stronger-than-expected results and solid iPhone sales. The technology company benefited from its relatively cautious approach to artificial intelligence investment as concerns over massive spending pressured other major technology stocks. According to Yahoo Finance, investors focused on Apple's weaknesses, particularly slowing growth in its services business and expectations of lower profit margins.

These concerns weighed on the stock despite the company's earnings performance. Apple's financial position has also distinguished it from competitors such as Google, Amazon, and Microsoft. While those companies have committed substantial resources to expanding their AI infrastructure, Apple has taken a more measured approach, allowing competitors' services to operate on its hardware ecosystem.

This difference has made Apple a potential defensive investment during periods of uncertainty surrounding AI spending. When investors become concerned about whether massive technology investments will generate sufficient returns, companies with lower exposure to those financial risks may attract greater interest.

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Apple Stock Gains Shelter From Big Tech AI Sell-Off Wed, 04 Nov 2026 13:49:52 +0000 Delaney Brooks apple stock, aapl shares, artificial intelligence, big tech sell-off, iphone sales, apple cash reserves, technology stocks, profit margins
CVS Plans to Split Pharmacy and Insurance Businesses by 2028 https://www.cirebontimes.com/en/cvs-pharmacy-insurance-split https://www.cirebontimes.com/en/cvs-pharmacy-insurance-split CVS Health plans to divide its healthcare operations into two publicly traded companies by the first half of 2028, separating its approximately 9,000 retail pharmacies from its insurance and pharmacy benefit management businesses in a major restructuring of the U.S. healthcare company. The announcement, made Wednesday, reverses the strategy behind its 2018 acquisition of Aetna.

The separation will create two independent businesses, with existing CVS shareholders receiving ownership stakes in both companies. CVS said the decision followed a comprehensive strategic review conducted by its board of directors.

The insurance and pharmacy benefit management business will retain the CVS Health name and be led by CEO David Joyner. The retail pharmacy operation will operate as CVS Pharmacy under Prem Shah, currently group president of CVS Health, according to the company's announcement.

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A person walks into a CVS pharmacy near George Washington University in Washington, U.S., on August 15, 2024. Wed, 04 Nov 2026 11:54:16 +0000 Ethan Mitchell cvs health, cvs pharmacy, aetna, caremark, healthcare industry, corporate restructuring, pharmacy business, insurance business
Democratic Midterm Wins Drive Tesla and SpaceX Shares Lower https://www.cirebontimes.com/en/democratic-midterm-wins-tesla-spacex https://www.cirebontimes.com/en/democratic-midterm-wins-tesla-spacex Democratic victories in the November 2026 midterm elections triggered declines in Tesla and SpaceX shares during Wednesday's premarket trading, as investors assessed the potential impact of new political leadership on artificial intelligence infrastructure and data center development across the United States.

According to CNBC, SpaceX shares fell 4.6%, while Tesla declined 4.4%. Both companies are closely associated with Elon Musk, who financially supported Republican candidates during the election campaign.

Musk spent at least $474 million on the midterm elections, including $224 million directed toward Texas, according to CNBC. Republican candidates Ken Paxton and incumbent Gov. Greg Abbott lost to Democratic challengers, marking a significant political setback for Musk in a state central to his business operations.

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The U.S. Capitol in Washington, D.C., on Tuesday, Nov. 3, 2026. Wed, 04 Nov 2026 11:47:52 +0000 Ethan Mitchell tesla shares, spacex stock, 2026 midterm elections, democratic victory, texas data centers, artificial intelligence stocks, elon musk
China Factory Activity Contracts as Export Orders Decline https://www.cirebontimes.com/en/china-factory-activity-export-decline https://www.cirebontimes.com/en/china-factory-activity-export-decline China's manufacturing sector returned to contraction in October as weaker export demand and declining production weighed on factory activity, according to data released Saturday by the National Bureau of Statistics. The world's second-largest economy recorded a manufacturing Purchasing Managers' Index (PMI) of 49.3, reversing September's recovery amid mounting international trade pressures.

The October reading fell from 50.1 in September, following 49.8 in August. The PMI measures business activity through monthly company surveys on a scale from 0 to 100, with readings below 50 indicating contraction and figures above 50 signaling expansion.

Several major manufacturing indicators also weakened during October. The new export orders index dropped to 48.7 from 50.0 in September, while the production index declined to 49.8 from 51.7, according to the National Bureau of Statistics.

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Passengers line up in a departure hall near an electronic board advertising a factory that manufactures machinery parts at a train station in Shanghai, China, Monday, October 19, 2026. (AP Photo/Andy Wong) · Associated Press · AP Photo/Andy Wong Wed, 04 Nov 2026 11:11:30 +0000 Delaney Brooks china economy, manufacturing pmi, export orders, national bureau of statistics, china trade surplus, global trade, factory activity
Treasury Yields Climb as Midterm Elections and Iran Tensions Weigh https://www.cirebontimes.com/en/treasury-yields-climb-midterm-iran https://www.cirebontimes.com/en/treasury-yields-climb-midterm-iran U.S. Treasury yields advanced Tuesday, Nov. 3, 2026, as investors assessed the opening of midterm election voting, upcoming employment and economic reports, and geopolitical tensions involving Iran. The movement reflected uncertainty surrounding the political outlook, domestic economic conditions, and developments in the Middle East.

The benchmark 10-year Treasury yield climbed more than 6 basis points to 4.96%, according to CNBC. This benchmark influences borrowing costs for mortgages, auto loans, and credit card debt.

The 30-year Treasury yield also gained more than 6 basis points, reaching 5.332%. Meanwhile, the two-year Treasury yield increased 4 basis points to 4.623%, reflecting movements in expectations surrounding Federal Reserve interest rate decisions.

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A trader works on the floor of the New York Stock Exchange (NYSE) as American flags are displayed in New York, U.S., on Tuesday, Nov. 29, 2016. Oil prices fell below $46 as OPEC members failed to resolve differences over production cuts, while a rally in metals lost momentum. Wed, 04 Nov 2026 09:39:35 +0000 Ethan Mitchell u.s. treasury yields, 10-year treasury yield, midterm elections, federal reserve, iran tensions, u.s. economic data, oil prices
Oil Prices Fall Again Nov. 3 as US Iran Talks Raise Hopes https://www.cirebontimes.com/en/oil-prices-fall-november-3 https://www.cirebontimes.com/en/oil-prices-fall-november-3 Global crude oil prices declined for a second consecutive session on Tuesday, November 3, as investors responded to renewed diplomatic efforts between the United States and Iran to end a conflict that has disrupted Middle Eastern energy supplies for eight months.

West Texas Intermediate (WTI) crude futures dropped 37 cents to settle at $96.09 per barrel, after briefly falling below $95. Brent crude, the international benchmark, lost $1.17 to close at $103.60, according to CNBC.

The latest decline followed Monday's sharp sell-off, when Brent plunged 7.63% to $104.77 per barrel and WTI dropped 7.36% to $96.46, according to Reuters. Both benchmarks recorded losses exceeding 7% as diplomatic developments raised expectations of a possible agreement.

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Oil Prices Fall Again Nov. 3 as US Iran Talks Raise Hopes Wed, 04 Nov 2026 06:53:00 +0000 Ethan Mitchell crude oil prices, brent crude, wti oil, us iran conflict, iran peace talks, strait of hormuz, global energy supply
McDonald's Faces Slower Sales as It Expands Beverage Strategy https://www.cirebontimes.com/en/mcdonalds-sales-beverage-strategy https://www.cirebontimes.com/en/mcdonalds-sales-beverage-strategy McDonald's is preparing for weaker third-quarter sales growth as budget-conscious consumers reduce discretionary spending, putting pressure on its US restaurant business. The Chicago-based fast-food company is responding with new beverages, affordable menu options and a long-term investment strategy designed to strengthen customer traffic and restaurant performance.

According to Bloomberg estimates cited by Yahoo Finance on November 3, 2026, global comparable sales are expected to increase 1.4% year over year, down from 3.6% growth in the same quarter last year. US comparable sales are projected to decline 0.5%.

Analysts also forecast quarterly revenue of $7.4 billion and adjusted earnings of $3.67 per share. McDonald's was scheduled to release its third-quarter financial results before the market opened on Wednesday, November 4.

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McDonald's Faces Slower Sales as It Expands Beverage Strategy Wed, 04 Nov 2026 05:28:06 +0000 Ryan Cooper mcdonald's, q3 2026 earnings, fast food industry, beverage expansion, consumer spending, value menu, restaurant technology, franchise strategy
Canva Restructures Workforce, Affecting 1,271 Employees https://www.cirebontimes.com/en/canva-global-workforce-restructure https://www.cirebontimes.com/en/canva-global-workforce-restructure Canva is overhauling its global operations in a restructuring that will affect 1,271 employees, representing 22% of its workforce. Announced on November 4, 2026, the Australian-founded design platform's changes include layoffs, role adjustments and employee relocations as the company responds to slower growth and mounting business pressures.

Chief executive Melanie Perkins described the decision as the most difficult chapter in the company's history. According to Canva, the restructuring will involve employees across its international operations, although the company has not disclosed how many workers will lose their jobs specifically.

The company acknowledged that the previous year had been particularly challenging, with growth slowing for the first time in a decade. Perkins described the period as "our hardest year yet" in her communication to employees.

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Canva CEO Melanie Perkins. The company says its restructuring and layoffs will affect 1,271 employees. Photograph: Bloomberg/Getty Images Wed, 04 Nov 2026 02:40:00 +0000 Ethan Mitchell canva layoffs, melanie perkins, canva restructuring, technology industry, artificial intelligence, australian startups, workforce reduction
3M Agrees to 7.35 Billion Dollar PFAS Injury Settlement https://www.cirebontimes.com/en/3m-pfas-injury-settlement https://www.cirebontimes.com/en/3m-pfas-injury-settlement Shares of 3M rose more than 1% overnight Tuesday after the American manufacturer agreed to a 7.35 billion dollar settlement addressing personal injury lawsuits linked to PFAS chemicals. The nine-year agreement covers an estimated 115,000 to 120,000 eligible plaintiffs and nearly 99% of existing related claims.

According to 3M, the settlement carries a pretax present value of approximately 5.8 billion dollars. The agreement addresses lawsuits alleging personal injuries associated with per- and polyfluoroalkyl substances, commonly known as forever chemicals.

The company said the arrangement covers existing cases both inside and outside the federal multidistrict litigation in South Carolina. It also establishes provisions for current and future lawsuits.

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3M Agrees to 7.35 Billion Dollar PFAS Injury Settlement Wed, 04 Nov 2026 02:17:53 +0000 Delaney Brooks 3m settlement, pfas chemicals, forever chemicals, chemical injury lawsuits, 3m stock, personal injury claims, environmental litigation
Midterm Election Results Could Pressure US Stocks https://www.cirebontimes.com/en/midterm-election-stock-market-impact https://www.cirebontimes.com/en/midterm-election-stock-market-impact US financial markets face potential volatility as investors assess the possibility of Democrats taking control of both chambers of Congress in the November 3, 2026, midterm elections. A Democratic sweep could trigger short-term declines in American equities, particularly technology and defense stocks, while Republican victories could provide temporary relief to investors.

Polling has favored Democrats in the House, while the Senate contest remains more competitive. Prediction markets also indicated a 76% probability of Democrats winning both chambers on Tuesday morning, according to Yahoo Finance. Republicans currently hold a 53-47 Senate majority, meaning Democrats need a net gain of four seats to take control.

JPMorgan estimated that a Democratic sweep could push the S&P 500 down approximately 0.5% on Wednesday. Conversely, its traders projected a potential gain of up to 1% if Republicans retained control of the Senate.

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Yahoo Finance Wed, 04 Nov 2026 01:42:16 +0000 Brielle Winslow us midterm elections, stock market, s&p 500, democratic sweep, artificial intelligence stocks, wall street, congressional elections, healthcare stocks
US Tech Stocks Rebound as Investors Assess AI Spending Risks https://www.cirebontimes.com/en/us-tech-stocks-rebound-ai https://www.cirebontimes.com/en/us-tech-stocks-rebound-ai Wall Street's technology sector recovered on Tuesday as investors returned to semiconductor stocks following several sessions of losses driven by concerns about artificial intelligence spending, financing costs and corporate valuations. The Nasdaq Composite advanced 0.83%, while the S&P 500 ended its three-day losing streak, gaining 0.36%, according to CNBC.

The Nasdaq closed at 25,372.01, while the S&P 500 finished at 7,568.92. The Dow Jones Industrial Average moved in the opposite direction, falling 197.26 points, or 0.38%, to 51,786.72. Apple shares weighed on the blue-chip index after disappointing financial guidance.

Apple declined approximately 1.9% after forecasting weaker-than-expected margins, partly because of higher memory chip costs. The company's iPad sales for its fiscal fourth quarter also missed analysts' estimates, according to CNBC and The Guardian.

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The Apple flagship store in Hangzhou, Zhejiang province, China, on November 3. Photograph: Long Wei/VCG/Getty Images. Tue, 03 Nov 2026 23:02:18 +0000 Delaney Brooks us stock market, nasdaq composite, s&p 500, artificial intelligence, semiconductor stocks, apple shares, coreweave, midterm elections
JetBlue Raises Checked Bag Fees to $70 Amid Fuel Costs https://www.cirebontimes.com/en/jetblue-raises-checked-bag-fees https://www.cirebontimes.com/en/jetblue-raises-checked-bag-fees Rising fuel expenses are prompting JetBlue Airways to increase checked baggage charges for the third time in less than a year. Effective November 3, 2026, the US airline raised first-bag fees to as much as $70 for economy passengers, with higher charges applying during peak travel periods and when bags are purchased shortly before departure.

According to CNBC and USA TODAY, passengers traveling during non-peak periods will pay $50 for their first checked bag when purchasing it more than 24 hours before departure, up from $45. The charge increases to $60 for payments made within 24 hours of departure.

During peak periods, including summer and holiday travel, the first checked bag costs $55 when purchased in advance, compared with the previous $49 rate. Passengers purchasing within 24 hours of departure will pay $70.

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A JetBlue Airways Airbus A321 aircraft approaches San Diego International Airport for landing after a flight from Boston on April 20, 2025, in San Diego, California. Tue, 03 Nov 2026 20:57:03 +0000 Ethan Mitchell jetblue airways, checked baggage fees, airline industry, jet fuel prices, us airlines, travel costs, airline operating costs
AMD Shares Rise as Investors Await Third Quarter Results https://www.cirebontimes.com/en/amd-shares-third-quarter-results https://www.cirebontimes.com/en/amd-shares-third-quarter-results Advanced Micro Devices (AMD) shares climbed more than 4% in early trading Tuesday, November 3, 2026, as investors anticipated the company's third-quarter financial results. The semiconductor manufacturer was scheduled to release its earnings after the market closed, while recovering chip stocks attracted renewed attention following Intel's disappointing fourth-quarter outlook.

Analysts surveyed by Bloomberg expected AMD to generate $13 billion in third-quarter revenue and earnings per share of $1.97. Those estimates represent substantial growth compared with the same period last year, when the company recorded $9.2 billion in revenue and earnings per share of $1.20, according to the consensus figures.

The data center division is expected to remain AMD's primary growth engine. Bloomberg consensus estimates projected revenue of $8.19 billion from the segment, an 88% increase from the $4.34 billion reported a year earlier.

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AMD Shares Rise as Investors Await Third Quarter Results Tue, 03 Nov 2026 20:35:02 +0000 Delaney Brooks amd earnings, amd third quarter 2026, semiconductor stocks, data center revenue, pc market, gaming revenue, chip industry
Bloomin Brands Moves to Acquire 61 Outback Steakhouse Restaurants https://www.cirebontimes.com/en/bloomin-acquires-outback-restaurants https://www.cirebontimes.com/en/bloomin-acquires-outback-restaurants Bloomin Brands is seeking control of 61 Outback Steakhouse restaurants operated by franchisee Out West Restaurant Group after the operator filed for Chapter 11 bankruptcy protection in Delaware on Monday, Nov. 2, 2026. The proposed $26.3 million acquisition would bring the locations under the parent company's control through a court-supervised sale process.

According to a filing with the Securities and Exchange Commission, Bloomin Brands has agreed to purchase Out West's assets for approximately $26.3 million, subject to adjustments and the assumption of specified liabilities.

Bloomin Brands is expected to act as the "stalking-horse" bidder, establishing an initial purchase offer that other prospective buyers can attempt to exceed during the bankruptcy sale process. The proposed transaction requires approval from the bankruptcy court.

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Customers enter an Outback Steakhouse restaurant at the Queens Place Mall in the Queens borough of New York, U.S., on Friday, Nov. 9, 2012. (Getty Images) Tue, 03 Nov 2026 17:58:31 +0000 Ethan Mitchell outback steakhouse, bloomin brands, out west restaurant group, chapter 11 bankruptcy, restaurant acquisition, franchise operations, bankruptcy court
US Job Openings Rise 333000 in September as Hiring Improves https://www.cirebontimes.com/en/us-job-openings-rise-september-2026 https://www.cirebontimes.com/en/us-job-openings-rise-september-2026 US employers expanded their recruitment activity in September, with job openings increasing by 333,000 as hiring accelerated and layoffs declined. The Bureau of Labor Statistics (BLS) reported 7.52 million available positions on November 3, 2026, signaling improved employment opportunities ahead of the government's October jobs report.

The latest Job Openings and Labor Turnover Survey (JOLTS) exceeded the Dow Jones forecast of 7.15 million openings. The vacancy rate climbed to 4.5%, increasing 0.2 percentage point from August, according to the BLS.

The number of available positions also exceeded the unemployed workforce by approximately 414,000. This represented roughly 1.05 job openings for every unemployed person in the United States.

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Nelson Mompierre (left), from Coastal Wealth, speaks with Maximilian Kegley-Oyola about job opportunities during the Mega JobNewsUSA South Florida Job Fair at Amerant Bank Arena on September 25, 2026, in Sunrise, Florida. Tue, 03 Nov 2026 16:35:49 +0000 Ryan Cooper us job openings, september 2026 jobs report, bureau of labor statistics, jolts report, us labor market, hiring trends, unemployment rate, nonfarm payrolls
Crown New Materials Shares Surge 787 Percent in Shenzhen Debut https://www.cirebontimes.com/en/crown-new-materials-shenzhen-debut https://www.cirebontimes.com/en/crown-new-materials-shenzhen-debut Crown New Materials entered China's stock market with a dramatic debut in Shenzhen, as its shares climbed 787 percent above their initial public offering price. The surge significantly increased the company's market value and turned its founder, Mai Michael, and his sister, Mai Huixia, into billionaires through their respective shareholdings.

The stock opened at 56 yuan, compared with its IPO price of 16.98 yuan, according to figures reported by Geo.tv. This opening valuation pushed the company's market capitalization to approximately 26.3 billion yuan ($3.7 billion), substantially exceeding the roughly 7.96 billion yuan valuation implied by its offering price.

The sharp increase also triggered two temporary trading suspensions during the morning session. These interruptions followed the stock's substantial gains after its market debut.

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Who Is Mai Michael? Former Elementary School Teacher Behind Crown New Materials' 787 Percent Debut Tue, 03 Nov 2026 16:12:03 +0000 Ethan Mitchell crown new materials, mai michael, shenzhen ipo, chinese stock market, adhesive materials, mai huixia, stock market debut
Pfizer Raises 2026 Outlook as New Products Drive Growth https://www.cirebontimes.com/en/pfizer-raises-2026-outlook-growth https://www.cirebontimes.com/en/pfizer-raises-2026-outlook-growth Pfizer increased its full-year 2026 financial forecasts on Tuesday, November 3, after third-quarter earnings exceeded Wall Street expectations. The pharmaceutical company attributed the improved outlook to stronger sales of recently launched and acquired medicines, alongside ongoing cost-reduction efforts.

The company now expects 2026 revenue of $62 billion to $64 billion, up from its previous forecast of $60.5 billion to $62.5 billion. Pfizer also raised its adjusted earnings forecast to $2.95 to $3.05 per share, compared with its earlier projection of $2.80 to $3 per share.

Pfizer cited its strong performance during the first nine months of the year as a factor behind the revised financial targets.

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Pfizer Raises 2026 Outlook as New Products Drive Growth Tue, 03 Nov 2026 13:25:56 +0000 Ethan Mitchell pfizer, third-quarter earnings, 2026 financial outlook, pharmaceutical industry, cecile guegan, eliquis, padcev
Anthropic Reports 17 Billion Dollars in Q3 Revenue Ahead of IPO https://www.cirebontimes.com/en/anthropic-q3-revenue-ipo https://www.cirebontimes.com/en/anthropic-q3-revenue-ipo Anthropic has disclosed $17 billion in third-quarter revenue and nearly $900 billion in future spending commitments as the artificial intelligence company advances preparations for a potential initial public offering (IPO). The updated financial figures appeared in an amended Securities and Exchange Commission filing on November 2, 2026, providing investors with additional details about its rapidly expanding business.

According to the amended Form S-1, Anthropic generated $33.24 billion in revenue during the nine months ending September 30, representing approximately 1,200% growth from the corresponding period in 2025.

However, the company recorded a net loss of $104 billion over those nine months, compared with $25.1 billion during the same period last year. Anthropic attributed most of the latest loss to changes in the fair value of convertible notes and derivative liabilities.

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Anthropic CEO Dario Amodei watches as United States President Donald Trump holds a press briefing with AI executives following a meeting on artificial intelligence outside the West Wing of the White House on September 29, 2026, in Washington, DC. (Photo by Kevin Dietsch/Getty Images) Tue, 03 Nov 2026 12:37:20 +0000 Delaney Brooks anthropic, dario amodei, artificial intelligence, ipo, third quarter revenue, ai infrastructure, sec filing, technology industry
Yum Brands Beats Earnings Estimates as Taco Bell Sales Fall https://www.cirebontimes.com/en/yum-brands-earnings-taco-bell-sales https://www.cirebontimes.com/en/yum-brands-earnings-taco-bell-sales Yum Brands reported stronger-than-expected third-quarter earnings on November 3, 2026, as its Taco Bell business faced declining customer visits following a cyclospora outbreak linked to iceberg lettuce served at its US restaurants. The outbreak weakened comparable sales despite improvements in business performance later in the quarter.

According to the company's earnings report, adjusted earnings reached $1.56 per share, exceeding the Wall Street consensus estimate of $1.49. Revenue totaled $2.05 billion, matching analysts' expectations, while net sales increased 4% from the previous year.

Yum Brands recorded net income of $1.62 billion, equivalent to $5.92 per share, compared with $397 million, or $1.41 per share, in the same quarter a year earlier. The latest results included gains associated with the Pizza Hut divestiture and other items. Excluding those effects, adjusted earnings stood at $1.56 per share.

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A woman leaving Taco Bell on July 28, 2026, in Washington, D.C. Tue, 03 Nov 2026 12:29:17 +0000 Brielle Winslow yum brands, taco bell, cyclospora outbreak, third-quarter earnings, same-store sales, kfc, pizza hut divestiture
Apple Margin Forecast Weighs on Tech as Oil Prices Climb https://www.cirebontimes.com/en/apple-margin-forecast-oil-surge https://www.cirebontimes.com/en/apple-margin-forecast-oil-surge Global financial markets faced renewed uncertainty on Nov. 3, 2026, as Apple's weaker margin outlook pressured technology stocks, oil prices climbed following a reported US military strike on Iran's Qeshm Island, and investors assessed the potential economic consequences of the US midterm elections.

Apple shares declined in premarket trading despite quarterly earnings and revenue exceeding analyst expectations. Meanwhile, concerns about artificial intelligence valuations spread across international markets, while rising crude prices added another source of uncertainty for investors.

Apple reported earnings per share of $2.10, beating the $1.99 analyst estimate. Revenue reached $114.48 billion, compared with expectations of $113.39 billion, according to CNBC.

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Apple CEO John Ternus delivers a keynote address during the Apple Experience LA event in Los Angeles, California, on Oct. 28, 2026, introducing new Mac computer models. Tue, 03 Nov 2026 12:16:36 +0000 Brielle Winslow apple earnings 2026, john ternus, gross margin forecast, us iran strikes, oil prices, nasdaq correction, us midterm elections, artificial intelligence stocks
Wall Street Leaders Debate AI Infrastructure Funding Risks https://www.cirebontimes.com/en/wall-street-ai-funding-risks https://www.cirebontimes.com/en/wall-street-ai-funding-risks Growing financial exposure to artificial intelligence infrastructure has prompted concerns among major Wall Street executives about debt concentration and market stability. Speaking Tuesday, November 3, 2026, at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit in Hong Kong, financial industry leaders debated how companies should finance the enormous investment required to expand AI computing capacity.

Blackstone President Jon Gray argued that equity financing must play a larger role as lenders face increasing exposure to companies investing heavily in AI infrastructure. He said debt investors have limited opportunities to benefit from corporate growth compared with shareholders, whose returns can increase alongside business valuations.

"There's going to be more equity needed across this space to keep up with these enormous demands." said Jon Gray, President and COO of Blackstone Inc.

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Credit: Lester Balajadia / Shutterstock.com Tue, 03 Nov 2026 10:41:31 +0000 Ryan Cooper artificial intelligence, ai infrastructure, blackstone, jon gray, emmanuel roman, pimco, ai investment, hong kong financial summit
Saudi Aramco Boosts Oil Output as Quarterly Profit Rises 9 Percent https://www.cirebontimes.com/en/aramco-profit-output-growth https://www.cirebontimes.com/en/aramco-profit-output-growth Saudi Aramco plans to maximize crude oil production during the fourth quarter of 2026 as exports recover from disruptions caused by the war in Iran. The Saudi state-owned energy company announced its production strategy on Tuesday, November 3, while reporting stronger third-quarter earnings despite attacks on its infrastructure.

Aramco recorded adjusted net income of $31.2 billion between July and September, representing a 9 percent increase from the corresponding period a year earlier. Revenue climbed more than 25 percent to $140.5 billion, according to the company's latest financial results.

The company also reported an average crude oil selling price of $95 per barrel, up 35 percent compared with the same period last year. Higher oil prices contributed to its financial performance during a period of significant regional instability.

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In September, drones struck Saudi Arabia's East-West pipeline, which runs from the kingdom's oil-producing Eastern Province to an export terminal on the Red Sea. Credit: Hamad I Mohammed/Reuters Tue, 03 Nov 2026 10:32:02 +0000 Ethan Mitchell saudi aramco, amin nasser, saudi arabia oil production, aramco quarterly earnings, iran war, oil exports, strait of hormuz
CVR Energy Nears 4 Billion Dollar Refinery Deal With Marathon https://www.cirebontimes.com/en/cvr-marathon-refinery-acquisition-deal https://www.cirebontimes.com/en/cvr-marathon-refinery-acquisition-deal CVR Energy is negotiating a potential 4 billion dollar acquisition of several Marathon Petroleum refineries in the United States, according to a Wall Street Journal report citing unnamed sources. The transaction could be announced later today, as global fuel supply disruptions increase the value of refining assets outside conflict zones. The proposed acquisition would represent a major expansion for CVR Energy, which is considerably smaller than Marathon Petroleum by market capitalization.

The negotiations come as refinery operators benefit from unusually strong processing margins driven by disruptions in the Middle East and Russia-Ukraine conflicts. US Gulf Coast refining margins reached a record 72 dollars per barrel in September, according to the report. Although margins have declined from that peak, they remain substantially higher than levels recorded a year earlier.

CVR Energy is the seventh-largest publicly traded refiner in the United States and is 71% owned by Carl Icahn, according to the Wall Street Journal. The company's market capitalization stands at approximately 6 billion dollars, compared with roughly 125 billion dollars for Marathon Petroleum.

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CVR Energy Nears 4 Billion Dollar Refinery Deal With Marathon Tue, 03 Nov 2026 08:30:19 +0000 Ryan Cooper cvr energy, marathon petroleum, refinery acquisition, us oil industry, refining margins, global fuel supply, carl icahn
Oil Prices Plunge as US and Iran Signal Renewed Talks https://www.cirebontimes.com/en/oil-prices-us-iran-talks https://www.cirebontimes.com/en/oil-prices-us-iran-talks Growing signs of diplomatic engagement between Washington and Tehran sent global oil prices sharply lower on Monday, November 2, as investors anticipated a possible easing of the Middle East conflict ahead of crucial US midterm elections. Crude prices dropped more than 7 percent amid renewed hopes that negotiations could prevent further escalation.

Iran said intensive exchanges with the United States were underway and offered to reopen the Strait of Hormuz under strict conditions. The announcement came as both sides appeared to be exploring ways to avoid a renewed military confrontation.

Axios reported that US Vice President JD Vance had sent a letter to Iranian national security chief Mohsen Rezaei discussing the possibility of new negotiations. The reported communication represented the highest-level diplomatic initiative by President Donald Trump's administration in months.

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Oil prices plunged as the US and Iran signaled their readiness to negotiate (Brandon Bell). Tue, 03 Nov 2026 07:18:08 +0000 Brielle Winslow oil prices, us iran relations, strait of hormuz, middle east conflict, us midterm elections, wall street, global energy markets
Baked by Melissa Launches Cupcake Kits at Target https://www.cirebontimes.com/en/baked-melissa-target-cupcake-kits https://www.cirebontimes.com/en/baked-melissa-target-cupcake-kits At-home baking products are becoming a new retail opportunity for restaurant and dessert brands, with Baked by Melissa joining the trend through an exclusive launch at Target stores. The New York-based company introduced cupcake kits, liners and baking pans ahead of the holiday shopping season, according to CNBC's Nov. 3, 2026 report.

The collection became available Sunday and features the company's signature miniature cupcake format. Customers can choose from three flavors: Christmas Tie-Dye, Marshmallow Hot Cocoa and Red Velvet.

The launch marks Baked by Melissa's first move into at-home cupcake mixes. The products allow customers to recreate the brand's bite-size desserts at home while giving the company access to Target's nationwide retail network.

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Baked by Melissa is rolling out bite-size cupcake liners, pans and at-home baking kits in Target stores. Tue, 03 Nov 2026 07:06:19 +0000 Delaney Brooks baked by melissa, target stores, cupcake baking kits, melissa ben-ishay, at-home baking products, retail expansion, holiday shopping
Australia Raises Interest Rate to 18&Year High at 4.85% https://www.cirebontimes.com/en/australia-interest-rate-inflation https://www.cirebontimes.com/en/australia-interest-rate-inflation Australia's central bank raised borrowing costs to their highest level in 18 years on Tuesday, November 3, 2026, increasing its benchmark cash rate to 4.85% as policymakers intensified efforts to contain persistent inflation across the country.

The Reserve Bank of Australia (RBA) increased the cash rate by 25 basis points, bringing it to a level last recorded in November 2008. The decision reflected growing concerns about rising consumer prices and the possibility that inflation could remain above the central bank's target for an extended period.

The decision was not unanimous. According to the RBA, six members of its monetary policy board supported the increase, while three voted to leave interest rates unchanged.

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Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the central bank's headquarters in Sydney, Australia, on Tuesday, May 5, 2026. Australia's central bank raised its benchmark interest rate for the third consecutive meeting, demonstrating its determination to control persistent inflation and reinforcing its position as an outlier among global central banks. Photographer: Brendon Thorne/Bloomberg via Getty Images. Tue, 03 Nov 2026 05:36:52 +0000 Delaney Brooks australia interest rates, reserve bank of australia, inflation, michele bullock, australian economy, monetary policy
Apple Shares Fall 3% as Ternus Forecasts Lower Margins https://www.cirebontimes.com/en/apple-shares-fall-margin-forecast https://www.cirebontimes.com/en/apple-shares-fall-margin-forecast Apple shares fell 3% in extended trading after the company reported its fiscal fourth-quarter results on November 2, 2026, beating revenue and earnings expectations but missing iPad sales estimates and issuing a weaker-than-expected gross margin forecast. The results marked the first earnings report under CEO John Ternus, who succeeded Tim Cook on September 1.

According to LSEG data, Apple posted earnings of $2.10 per share, exceeding the analyst consensus of $1.99. Revenue reached $114.48 billion, above the estimated $113.39 billion and up 12% from $102.5 billion a year earlier, according to the company's statement.

However, Apple's outlook disappointed investors. The company projected gross margins of 45% to 46% for the December quarter, below the 46.3% analyst average. Revenue growth is expected to reach between 7% and 10%, compared with the 6.1% consensus estimate.

Apple's fiscal fourth-quarter performance compared with analyst estimates, according to LSEG.
Business SegmentReported RevenueAnalyst Estimate
iPhone$57.58 billion$56.54 billion
Mac$10.79 billion$9.61 billion
iPad$6.23 billion$6.7 billion
Other Products$31.57 billion$31.58 billion
Wearables, Home and Accessories$8.3 billion$9.06 billion
Gross Margin47.9%47.5%
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Apple CEO John Ternus delivers a keynote address during the Apple Experience LA event in Los Angeles, California, on October 28, 2026, introducing new Mac computer models. Tue, 03 Nov 2026 04:03:59 +0000 Brielle Winslow apple earnings 2026, john ternus, apple stock, iphone revenue, gross margin forecast, apple fourth quarter results, apple financial performance
Apple Beats Earnings Estimates as Wall Street Stocks Close Mixed https://www.cirebontimes.com/en/apple-earnings-wall-street-mixed https://www.cirebontimes.com/en/apple-earnings-wall-street-mixed Strong quarterly earnings from Apple and Palantir failed to lift broader market sentiment as US stocks ended Monday, November 2, 2026, with mixed results. Investors weighed corporate financial performances against continued weakness in technology shares and uncertainty surrounding the upcoming midterm elections.

According to Yahoo Finance, the Dow Jones Industrial Average gained 213 points, while the Nasdaq Composite dropped 272 points. The S&P 500 declined 38 points, and the Russell 2000 slipped 6 points after major indexes initially opened higher.

Apple reported fiscal fourth-quarter earnings of $2.10 per share, exceeding the analyst consensus of $1.98. Revenue reached $114.4 billion, surpassing expectations of $112.95 billion and representing 14% year-over-year earnings growth.

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Apple Beats Earnings Estimates as Wall Street Stocks Close Mixed Tue, 03 Nov 2026 01:54:06 +0000 Ryan Cooper apple earnings, wall street, palantir earnings, roku financial results, lattice semiconductor, stock market, technology stocks
Squarespace Cuts 300 Jobs in Global Workforce Restructuring https://www.cirebontimes.com/en/squarespace-cuts-300-global-jobs https://www.cirebontimes.com/en/squarespace-cuts-300-global-jobs Website platform provider Squarespace is eliminating approximately 300 positions, representing 19% of its global workforce, as the company reorganizes its operations to streamline management and accelerate its next growth phase. The restructuring, confirmed on November 2, 2026, will affect employees across its organization, with product and engineering teams bearing most of the reductions.

Squarespace has approximately 1,800 employees. The company confirmed the workforce reduction through spokesperson Jeff Seedman in statements to TechCrunch and The Verge, following initial reports published by The Verge.

Seedman explained that the restructuring reflects an effort to simplify the company's organizational structure and improve operational efficiency.

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Photo by Bing Guan/Bloomberg via Getty Images Tue, 03 Nov 2026 01:07:36 +0000 Brielle Winslow squarespace layoffs, 300 job cuts, technology industry, artificial intelligence, website building platform, permira acquisition, blueprint ai
Palantir Revenue Jumps 96 Percent as Commercial Sales Top Government https://www.cirebontimes.com/en/palantir-q3-revenue-commercial-growth https://www.cirebontimes.com/en/palantir-q3-revenue-commercial-growth Strong demand for artificial intelligence software helped Palantir Technologies deliver record quarterly revenue and shift its business balance toward commercial customers. The company reported its third-quarter 2026 financial results on November 2, with US commercial revenue exceeding government sales for the first time in its history.

According to Palantir's earnings announcement, total revenue reached $2.313 billion for the quarter ended September 30, representing a 96% increase year over year and 20% growth from the previous quarter. Revenue also exceeded $2 billion for the first time.

The company's adjusted earnings per share reached $0.44, beating the $0.41 expected by analysts surveyed by LSEG. Revenue also exceeded the $2.18 billion consensus estimate, according to CNBC.

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(Shutterstock) Tue, 03 Nov 2026 01:07:04 +0000 Brielle Winslow palantir technologies, q3 2026 earnings, artificial intelligence, us commercial revenue, alex karp, technology stocks, financial results
Anthropic Builds Its Own Data Centers Alongside AWS https://www.cirebontimes.com/en/anthropic-data-centers-aws-competition https://www.cirebontimes.com/en/anthropic-data-centers-aws-competition Anthropic is expanding its artificial intelligence infrastructure beyond major cloud providers by leasing its own data centers and AI chips, creating a partial competitor to Amazon Web Services (AWS). The development, disclosed in Anthropic's registration statement made public October 26, 2026, could limit Amazon's opportunity to capture additional computing revenue from one of its largest AI customers.

According to the filing, Anthropic's infrastructure strategy, called Anthropic Direct, involves leasing computing equipment and facilities designed to its specifications. The company continues purchasing computing capacity from Amazon and Alphabet's Google while developing independent infrastructure through additional data center agreements.

Anthropic has committed $110 billion to AWS through 2036 and $114.5 billion to Google's cloud services through 2033, according to CNBC's analysis of the filing. These agreements establish substantial long-term revenue commitments for both technology providers.

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cyano66 from Getty Images and Petrovich9 from Getty Images Signature via Canva Mon, 02 Nov 2026 17:22:21 +0000 Brielle Winslow anthropic, amazon aws, ai data centers, cloud computing, artificial intelligence, amazon investment, fluidstack, google cloud
Markets Rebound as Alphabet Sells Long&Term Euro Bonds https://www.cirebontimes.com/en/markets-alphabet-euro-bond-issuance https://www.cirebontimes.com/en/markets-alphabet-euro-bond-issuance Global financial markets recovered on Monday, November 2, 2026, following October's technology stock selloff, as falling oil prices eased immediate market pressure. Investors also assessed Alphabet's long-term euro bond issuance, upcoming US midterm elections, and government borrowing plans amid growing uncertainty surrounding artificial intelligence infrastructure spending.

Brent crude fell approximately 3% during Monday's trading after settling at $113.10 per barrel on Friday. The decline followed diplomatic mediation in the Gulf, although escalating tensions involving Iran and potential US military action remained concerns, according to FXStreet.

US stock futures also recovered after Friday's losses. S&P futures had fallen approximately 1.8% to 7,614, while Nasdaq futures declined 3.5% to 28,534. Both indices subsequently gained ground when trading resumed, with futures rising between 0.3% and 0.4% before advancing further during Asian trading.

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Trending: US midterms, oil prices, XAU/USD, EUR/USD, GBP/USD, silver, newsletter Mon, 02 Nov 2026 14:35:03 +0000 Ryan Cooper global financial markets, alphabet euro bonds, us midterm elections 2026, oil prices, treasury yields, artificial intelligence investment, european debt
US Stock Futures Rise on November 2 as Oil Prices Fall https://www.cirebontimes.com/en/november-2-2026-stock-futures https://www.cirebontimes.com/en/november-2-2026-stock-futures US stock futures climbed on November 2, 2026, as declining oil prices and a recovery in technology shares supported investor sentiment following a difficult week for artificial intelligence-related stocks. The gains lifted expectations for a more positive start to the new trading month.

According to Bloomberg, Nasdaq 100 futures advanced 0.6%, while S&P 500 futures gained 0.3%. An exchange-traded fund tracking semiconductor manufacturers also indicated a modest recovery in the chip sector.

The improvement followed a significant selloff in artificial intelligence-related investments, which had pressured technology shares during the previous week. Lower crude oil prices provided additional support to US equity futures, while bond futures also moved higher as Brent crude declined, according to Yahoo Finance.

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US Stock Futures Rise on November 2 as Oil Prices Fall Mon, 02 Nov 2026 13:36:31 +0000 Ethan Mitchell us stock market, stock futures, nasdaq 100, s&p 500, oil prices, artificial intelligence stocks, wall street
European Stocks Slip as Oil Prices Fall Before US Midterms https://www.cirebontimes.com/en/european-stocks-oil-midterm-caution https://www.cirebontimes.com/en/european-stocks-oil-midterm-caution European shares edged lower on Monday, November 2, 2026, as investors assessed global economic uncertainty, upcoming corporate earnings and the US midterm elections. Markets also responded to falling oil prices amid hopes for progress toward ending the war in Iran.

The STOXX 600 declined 0.10%, while technology shares gained 0.30%, according to Reuters. MSCI's main world stock index remained roughly unchanged, reflecting cautious sentiment across international markets.

Brent crude futures dropped 4.5% to approximately $108 per barrel after Iranian negotiators left discussions with Qatari mediators. A draft proposal was circulating, with another meeting potentially scheduled. Trump had recently threatened further attacks against Iran.

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The German DAX stock index is displayed on a screen at the Frankfurt Stock Exchange in Frankfurt, Germany, on October 30, 2026. REUTERS/Staff Mon, 02 Nov 2026 13:32:22 +0000 Delaney Brooks european stocks, stoxx 600, oil prices, us midterm elections, apple earnings, federal reserve, european central bank, iran war
Marvell Buys Lumentum in 115 Billion AI Data Center Deal https://www.cirebontimes.com/en/marvell-buys-lumentum-deal https://www.cirebontimes.com/en/marvell-buys-lumentum-deal A major semiconductor takeover is reshaping the AI infrastructure market after Marvell Technology agreed on Monday to acquire optical-components maker Lumentum in a deal valued at $115 billion, according to CNBC. The transaction deepens Marvell's push into data center hardware as companies increase spending on artificial intelligence systems.

According to CNBC, the acquisition ranks among the biggest deals of 2026 and signals Marvell's confidence that demand for high-speed optical components will remain strong. Those parts are used to move data quickly across AI data centers, where computing workloads continue to expand.

The purchase also strengthens Marvell's position against Broadcom, according to CNBC. Broadcom has long served as Google's main custom-chip partner and offers a wider range of AI data center hardware products.

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Marvell Buys Lumentum in 115 Billion AI Data Center Deal Mon, 02 Nov 2026 13:17:04 +0000 Brielle Winslow marvell, lumentum, ai data centers, optical components, broadcom, nvidia, custom chips
Apollo Launches 10 Billion Euro European Credit Platform https://www.cirebontimes.com/en/apollo-european-credit-platform-launch https://www.cirebontimes.com/en/apollo-european-credit-platform-launch Apollo Global Management has established a European lending platform with more than 10 billion euros ($11.2 billion) in financing capacity, bringing together major international investors to support businesses and infrastructure projects across Europe. Announced in London on November 2, 2026, European Credit Company (ECC) will focus exclusively on performing credit markets, with backing from the Abu Dhabi Investment Council (ADIC) and several financial institutions.

According to Apollo's official announcement, ECC will provide financing to large and mid-sized companies through corporate lending, asset-backed credit and investments involving real estate and infrastructure assets. The platform is designed to serve businesses, financial sponsors and real-asset owners seeking long-term capital.

Apollo funds and affiliates lead the investment backing, alongside ADIC, European insurance group Athora, Japan's Norinchukin Bank, Standard Chartered and US credit investor Aranda Principal Strategies. ECC will combine its own investment origination with opportunities sourced through European financial institutions and Apollo's existing regional credit operations.

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ra2studio/iStock via Getty Images Mon, 02 Nov 2026 11:02:40 +0000 Ethan Mitchell apollo global management, european credit company, private credit, abu dhabi investment council, european finance, infrastructure financing, corporate lending
US Stock Futures Rebound Ahead of November 2 Market Events https://www.cirebontimes.com/en/us-stock-futures-rebound-november https://www.cirebontimes.com/en/us-stock-futures-rebound-november Wall Street futures advanced on Monday, November 2, 2026, as investors returned to equities following a technology-led sell-off. The Dow Jones Industrial Average and S&P 500 futures each gained 0.4%, while Nasdaq-100 futures climbed 0.8%, ahead of corporate earnings, US employment figures and midterm elections.

The recovery followed a difficult October for technology shares, as concerns about artificial intelligence spending and the potential for inflated valuations weighed on investor sentiment. According to Yahoo Finance, the Nasdaq Composite lost 5.2% during the month, while the technology-heavy index briefly entered correction territory.

October performance across major indexes was mixed. The Nasdaq recorded its worst monthly decline since March 2025, while the S&P 500 also finished lower. The Dow Jones Industrial Average, however, gained almost 2% as investors shifted toward defensive sectors, including healthcare, according to CNBC.

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Oct. 30, 2026. Mon, 02 Nov 2026 10:32:24 +0000 Ryan Cooper us stock market, dow jones, s&p 500, nasdaq composite, stock futures, federal reserve, october jobs report, ai stocks
Alphabet Expands AI Spending as Cloud Investments Hit 51.4 Billion https://www.cirebontimes.com/en/alphabet-ai-cloud-investment-expansion https://www.cirebontimes.com/en/alphabet-ai-cloud-investment-expansion Alphabet is accelerating investment in artificial intelligence infrastructure as demand for computing capacity increases across the global cloud industry. The Google parent reported $51.355 billion in capital expenditures for the third quarter of 2026, exceeding its operating cash flow and intensifying investor concerns about the financial returns from its expansion.

The spending, recorded for the three months ended September 30, primarily supported AI computing infrastructure and data center development. According to Alphabet's financial disclosures, operating cash flow reached $42.290 billion, leaving free cash flow at negative $9.065 billion.

Chief Financial Officer Anat Ashkenazi indicated that capital expenditures could increase significantly in 2027, although she did not provide a specific spending target. The company also raised approximately $40 billion in additional capital during the third quarter, according to Yahoo Finance.

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Image source: The Motley Fool. Mon, 02 Nov 2026 08:56:23 +0000 Brielle Winslow alphabet, google cloud, ai infrastructure, capital expenditure, cloud computing, artificial intelligence, microsoft, amazon
Investors Brace for Market Volatility After Tech Sell&Off https://www.cirebontimes.com/en/investors-brace-market-volatility https://www.cirebontimes.com/en/investors-brace-market-volatility Concerns over technology valuations and artificial intelligence spending are putting global financial markets on edge as investors enter the first trading week of November 2026. Following a sharp technology stock sell-off last week, market participants are preparing for additional volatility while awaiting major corporate earnings reports and the results of the US midterm elections.

According to The New York Times, S&P 500 futures edged higher on Sunday night, while Australian shares and Japan's benchmark stock index recorded modest declines. The mixed performance followed substantial losses among major technology companies toward the end of the previous week.

The technology sector had helped drive broader US stock markets to repeated record highs in recent months. However, disappointing financial results from major companies have increased investor concerns about whether the substantial investments supporting the artificial intelligence boom will generate sufficient returns, according to reporting by The New Zealand Herald.

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Investors are preparing for further market turbulence at the start of the week. Credit: Jeenah Moon/Reuters Mon, 02 Nov 2026 07:19:22 +0000 Delaney Brooks wall street, stock market volatility, technology stocks, artificial intelligence, s&p 500, corporate earnings, alphabet, amazon, meta, oracle
SpaceX Shares Fall to 134 Dollars as Investors Retreat https://www.cirebontimes.com/en/spacex-shares-fall-investors-retreat https://www.cirebontimes.com/en/spacex-shares-fall-investors-retreat SpaceX shares continued losing value on November 1, trading at 134 dollars as investors reassessed the company's financial outlook, substantial artificial intelligence spending, and dependence on major customers. The decline followed a broader sell-off that erased more than 500 billion dollars from the company's market capitalization in less than a month.

According to Finbold, SpaceX stock traded approximately 5.13% below its price of 142 dollars two months earlier. An investment of 1,000 dollars made during that period would consequently have declined to approximately 948.73 dollars, leaving an unrealized loss of 51.27 dollars.

Yahoo Finance reported that the shares dropped more than 6% on October 30, extending losses from their October 6 peak. SpaceX's valuation subsequently fell from more than 2.3 trillion dollars to approximately 1.8 trillion dollars.

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Image source: Getty Images. Mon, 02 Nov 2026 05:33:29 +0000 Brielle Winslow spacex stock, spacex share price, elon musk, starlink, artificial intelligence, stock market, spacex financial results
US Treasury Weighs Long Bond Cuts Ahead of November Refunding https://www.cirebontimes.com/en/us-treasury-issuance-guidance-november-2026 https://www.cirebontimes.com/en/us-treasury-issuance-guidance-november-2026 Washington is preparing a potential overhaul of its government borrowing strategy as the US Treasury approaches its quarterly refunding announcement on Wednesday. The proposed adjustments could reduce sales of long-term bonds while increasing short-term borrowing through Treasury bills, as officials seek greater flexibility amid elevated yields and growing federal financing requirements.

The announcement could represent the most significant revision to Treasury issuance guidance since early 2024. Treasury Secretary Scott Bessent has signaled greater willingness to intervene in bond markets, raising expectations that the department may reconsider its longstanding commitment to keeping medium- and long-term securities issuance stable.

Citigroup expects the Treasury to begin cutting sales of 20-year and 30-year bonds this month. Such a move would depart from the previous guidance and could shift more government financing toward shorter-maturity securities.

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US Treasury Weighs Long Bond Cuts Ahead of November Refunding Mon, 02 Nov 2026 05:12:58 +0000 Brielle Winslow us treasury, treasury bond yields, scott bessent, treasury issuance, us government debt, treasury bills, quarterly refunding, bond market
Warsh Holds Fed Rates Steady as Inflation Threatens Markets https://www.cirebontimes.com/en/warsh-fed-rates-inflation-markets https://www.cirebontimes.com/en/warsh-fed-rates-inflation-markets Uncertainty over US monetary policy is putting pressure on financial markets as Federal Reserve Chair Kevin Warsh maintains a cautious approach to interest rates despite persistent inflation. At its October meeting, the Federal Open Market Committee (FOMC) kept rates unchanged, while Warsh defended the central bank's 2% inflation target and declined to promise a specific direction for future decisions.

The decision followed a September rate increase and growing expectations that policymakers might tighten monetary policy again. According to CNBC, Warsh's latest remarks nevertheless indicated that higher borrowing costs remain possible, particularly if economic activity and inflation continue to exceed expectations.

Warsh emphasized that the central bank has not committed itself to a predetermined monetary policy path.

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Image source: Getty Images. Mon, 02 Nov 2026 04:17:41 +0000 Brielle Winslow kevin warsh, federal reserve, interest rates, us inflation, wall street, federal open market committee, treasury yields, artificial intelligence investment
Apple Earnings Lift Futures as Investors Assess AI Spending Risks https://www.cirebontimes.com/en/apple-earnings-ai-spending-risks https://www.cirebontimes.com/en/apple-earnings-ai-spending-risks Global stock markets found some stability on Monday, November 2, 2026, as investors awaited Apple's fiscal fourth-quarter results for signals about consumer demand and corporate earnings. The report was expected after US trading closed, with technology shares under pressure from concerns about the rising cost of artificial intelligence investment.

According to Reuters, S&P 500 futures gained 0.4%, while Nasdaq futures advanced 0.8%. Apple's upcoming results offered investors a potential source of reassurance after the technology-heavy Nasdaq recorded an almost 7% decline in October, its weakest monthly performance since the April 2025 tariff-related selloff.

Analysts surveyed ahead of the announcement expected Apple to deliver earnings per share of approximately $2 on revenue of $113 billion, compared with $1.85 per share during the same period a year earlier. Separate estimates cited by Seeking Alpha projected earnings of $1.99 per share, revenue of $113.4 billion and iPhone revenue growth of 15.3% to $56.5 billion.

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FILE PHOTO: Bull statues stand in front of screens displaying the Hang Seng stock index and stock prices outside Exchange Square in Hong Kong, China, on August 18, 2023. REUTERS/Tyrone Siu/File Photo Mon, 02 Nov 2026 03:57:28 +0000 Ethan Mitchell apple earnings 2026, apple stock, iphone 18 sales, global stock markets, artificial intelligence spending, nasdaq futures, ai investment
Oil Prices Ease as Trump Weighs Further Iran Diplomacy https://www.cirebontimes.com/en/oil-prices-iran-diplomacy https://www.cirebontimes.com/en/oil-prices-iran-diplomacy Global oil markets remain volatile as diplomatic uncertainty between the United States and Iran collides with escalating maritime security risks in the Persian Gulf. On November 2, 2026, Brent crude retreated toward $110 per barrel after reports indicated President Donald Trump wanted to give negotiations with Tehran more time before considering renewed military action.

West Texas Intermediate traded near $101 per barrel, according to Bloomberg. Brent had gained more than 2% on Friday before reversing direction following reports about Trump's diplomatic preference.

Axios reported that Trump communicated his preference for continued diplomacy during a phone conversation with Israeli Prime Minister Benjamin Netanyahu. The report, citing unnamed people familiar with the discussion, said Netanyahu was concerned about the approach.

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Ship attacks in the Strait of Hormuz surged in October Mon, 02 Nov 2026 03:21:08 +0000 Brielle Winslow brent crude oil, iran war, strait of hormuz, donald trump, global oil prices, tanker attacks, oil supply disruption, maritime security
Treasury Expands Automatic Enrollment for Trump Accounts https://www.cirebontimes.com/en/treasury-trump-accounts-enrollment https://www.cirebontimes.com/en/treasury-trump-accounts-enrollment Millions of American families can now access federally established investment accounts for their children following the Treasury Department's automatic enrollment expansion. The Trump Accounts program covers eligible children under 18, but parents and legal guardians must activate the accounts to manage investments and claim a potential $1,000 government contribution.

According to the Los Angeles Times on November 1, President Donald Trump highlighted the expanded enrollment, while the Treasury Department confirmed that every eligible child with a valid Social Security number has an account. The program initially created approximately 8 million accounts following its July launch.

Fox Business reported on October 26 that nearly 70 million accounts had been established since the program officially launched on July 4. More than 60 million resulted from automatic enrollment, according to Treasury Department figures released in early October.

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To qualify for the $1,000 seed contribution, a baby must be a U.S. citizen, have a Social Security number, and be born between Jan. 1, 2025, and Dec. 31, 2028, within the president's current term. Sun, 01 Nov 2026 19:16:39 +0000 Ethan Mitchell trump accounts, $1000 government contribution, child investment accounts, treasury department, automatic enrollment, children's savings, index funds
Micron Reports Record Revenue as AI Memory Demand Drives Growth https://www.cirebontimes.com/en/micron-record-revenue-ai-memory-demand https://www.cirebontimes.com/en/micron-record-revenue-ai-memory-demand Micron Technology reported record financial performance in fiscal 2026 as expanding artificial intelligence infrastructure increased demand for memory chips. The US semiconductor manufacturer benefited from tight DRAM and NAND supplies, while developments at competitors SK Hynix and Samsung highlighted the growing importance of memory in AI data centers.

According to financial reports published October 29 and 30, 2026, Micron generated $54.23 billion in fourth-quarter revenue, representing a 379.3% increase year over year. Full-year revenue reached $133.19 billion, up 256.33% from the previous fiscal year.

The company's fourth-quarter non-GAAP earnings per share reached $33.42, exceeding the analyst consensus of $31.35, according to 247WallSt. Gross margin also reached 87.0%, reflecting favorable pricing conditions and strong demand.

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SweetBunFactory/iStock via Getty Images Sun, 01 Nov 2026 18:33:09 +0000 Delaney Brooks micron technology, ai memory demand, dram, nand, high bandwidth memory, semiconductor industry, sk hynix, nvidia
Investors Face Bear Market Risk as History Favors Long Term Investing https://www.cirebontimes.com/en/bear-market-long-term-investing https://www.cirebontimes.com/en/bear-market-long-term-investing Investors facing uncertainty over a potential bear market may benefit from maintaining a long-term investment strategy rather than reacting to short-term market movements. Historical market performance suggests that broad exposure to the U.S. stock market through an S&P 500 index fund can help investors build wealth, even when purchases begin shortly before a major downturn.

According to an analysis published by Yahoo Finance on October 31, 2026, market corrections and prolonged declines are recurring features of investing. Although another bear market is expected eventually, its timing remains unknown, making emotional discipline and a consistent investment plan particularly important.

The dot-com bubble provides a historical example of how quickly investor enthusiasm can reverse. Technology stocks attracted substantial attention before the bubble collapsed around the turn of the century, producing a severe downturn that affected investors for years.

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Image source: Getty Images. Sun, 01 Nov 2026 16:45:35 +0000 Ryan Cooper bear market, stock market, long-term investing, s&p 500, market volatility, artificial intelligence stocks, dot-com bubble, warren buffett
AI Stocks Lose 5 Trillion as Broader Market Gains https://www.cirebontimes.com/en/ai-stocks-market-value-losses https://www.cirebontimes.com/en/ai-stocks-market-value-losses Major artificial intelligence and semiconductor stocks have lost approximately $5 trillion in market value since October 6, according to Yahoo Finance calculations. Despite the sharp decline, the broader US stock market has remained relatively resilient, with 625 other large-cap companies collectively adding $1.3 trillion in market value.

Nvidia and Alphabet each shed approximately $835 billion in market capitalization, while Intel lost nearly half its value during October. The S&P 500 also declined during the latest week, but nine of its 11 sectors gained approximately 1% or more, a weekly performance not recorded since at least 1999, according to Yahoo Finance.

Jeff Hirsch, editor of the Stock Trader's Almanac, described the market reaction as "Octoberphobia." He views the recent decline as a potential buying opportunity rather than a reason to abandon equities.

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AI Stocks Lose 5 Trillion as Broader Market Gains Sun, 01 Nov 2026 15:34:26 +0000 Ethan Mitchell ai stocks, semiconductor stocks, us stock market, nvidia, alphabet, s&p 500, stock market trends, federal reserve
Trump Economy Faces Voter Backlash Ahead of 2026 Midterms https://www.cirebontimes.com/en/trump-economy-voter-backlash-midterms https://www.cirebontimes.com/en/trump-economy-voter-backlash-midterms WASHINGTON — Rising living costs, weaker consumer confidence and slowing employment growth are putting President Donald Trump's economic record under scrutiny as Republicans prepare for the 2026 midterm elections. Economic indicators published in November 2026 show that several campaign promises remain unfulfilled, raising concerns about household finances and voter confidence.

An Associated Press-NORC poll found that only 25% of US adults approved of Trump's economic management. A Reuters/Ipsos survey also found that 36% of voters considered Democrats better equipped to address living costs, compared with 28% who favored Republicans.

The economic challenges extend beyond inflation. According to the University of Michigan, consumer sentiment reached 48 in October, remaining close to the record low of 44.8 recorded in May. The October reading was 31.9% below the 70.5 recorded in October 2024.

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Trump Economy Faces Voter Backlash Ahead of 2026 Midterms Sun, 01 Nov 2026 15:26:01 +0000 Ethan Mitchell trump economy, us economy 2026, inflation, consumer confidence, unemployment, gas prices, us midterm elections, manufacturing jobs
OPEC Plus Holds December Oil Production Targets Steady https://www.cirebontimes.com/en/opec-plus-december-oil-quotas https://www.cirebontimes.com/en/opec-plus-december-oil-quotas Seven leading members of OPEC+ will maintain their existing oil production targets for December following an online meeting on Sunday, November 1, 2026. The decision preserves the group's previously established production strategy as conflict involving Iran continues to disrupt oil supplies across the Middle East.

According to statements reported by Bloomberg and CNBC, the agreement involves Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. These countries will retain their current production targets rather than introduce another adjustment before the end of the year.

The decision follows an earlier production roadmap and reflects expectations that significant changes to output policy will be postponed until 2027. The seven members represent a core group within OPEC+, which combines the Organization of the Petroleum Exporting Countries with allied producers, including Russia.

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OPEC Plus Holds December Oil Production Targets Steady Sun, 01 Nov 2026 13:08:16 +0000 Ethan Mitchell opec+, oil production quotas, saudi arabia, russia, iran war, global oil supply, crude oil prices, december 2026
US Fuel Prices Surge Ahead of 2026 Midterm Elections https://www.cirebontimes.com/en/us-fuel-prices-midterm-surge https://www.cirebontimes.com/en/us-fuel-prices-midterm-surge Rising fuel costs are creating an economic and political challenge for President Donald Trump ahead of the 2026 US midterm elections, as gasoline and diesel prices climb following military conflict involving Iran. The national gasoline average reached $4.20 per gallon on Friday, while diesel climbed to $6.32, according to data cited by CNBC, putting additional pressure on American households, businesses, and agricultural producers.

The increases have complicated Trump's campaign promise to reduce gasoline prices below $2 per gallon during his first year in office. According to a Pew Research Center survey published October 30, 74% of Americans are very concerned about gasoline and energy costs, up from 60% in July and 43% in January.

Gasoline prices are nearly 40% higher than the same period last year, according to CNBC. Pew Research Center reported that regular gasoline averaged approximately $2.80 per gallon in late February before reaching a peak of $4.35 in mid-May. By October 26, the average remained at $4.12, representing a 47.4% increase from February.

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US Fuel Prices Surge Ahead of 2026 Midterm Elections Sun, 01 Nov 2026 12:33:30 +0000 Delaney Brooks us gas prices, diesel prices, 2026 midterm elections, donald trump energy policy, iran conflict, us inflation, gasoline prices
S&P Downgrades Meta Outlook Over AI Spending https://www.cirebontimes.com/en/sp-downgrades-meta-outlook https://www.cirebontimes.com/en/sp-downgrades-meta-outlook Meta Platforms faces increased scrutiny over its financial strategy after S&P Global Ratings revised the company's credit outlook from stable to negative on October 30, 2026. The decision reflects concerns about substantial artificial intelligence investments, rising capital expenditures and weakening cash generation.

Although Meta maintained its AA- credit rating, the negative outlook signals uncertainty about its ability to finance expanding AI operations while maintaining strong financial performance. S&P's highest rating is AAA, while ratings below BBB are classified as speculative-grade debt.

The ratings agency highlighted uncertainty surrounding Meta's growing capital expenditures and negative free cash flow. It also questioned whether the company's investments in artificial intelligence would generate sufficient returns compared with the costs of developing and operating the technology.

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Meta Platforms CEO Mark Zuckerberg attends a press briefing held by U.S. President Donald Trump with AI executives following a meeting on artificial intelligence outside the West Wing of the White House on September 29, 2026, in Washington, DC. Sun, 01 Nov 2026 09:13:08 +0000 Brielle Winslow meta platforms, s&p global ratings, artificial intelligence, ai investment, capital expenditure, free cash flow, big tech earnings
Google Expands AI Search as Advertising Revenue Faces Pressure https://www.cirebontimes.com/en/google-ai-search-advertising-revenue https://www.cirebontimes.com/en/google-ai-search-advertising-revenue Google is accelerating its transition toward artificial intelligence-powered search as growing adoption of AI Mode reshapes its advertising business and the way users access information online. During its third-quarter 2026 earnings discussions, Alphabet executives reported the strongest annual search query growth in five years while acknowledging that AI interactions currently generate less advertising revenue than conventional searches.

The financial implications emerged as investors reassessed Google's transformation strategy. Alphabet shares fell 12% on Thursday, October 29, wiping out nearly $500 billion in market value, according to Yahoo Finance.

Google reported that Search revenue increased 12% year over year to $63 billion in the third quarter. However, Philipp Schindler, Google's senior vice president and chief business officer, identified several factors behind the slowdown in advertising growth between the second and third quarters. Foreign exchange movements represented the largest contributor, while increased AI Mode activity also affected monetization.

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Google Expands AI Search as Advertising Revenue Faces Pressure Sun, 01 Nov 2026 02:44:19 +0000 Ethan Mitchell google ai mode, alphabet earnings, google search advertising, artificial intelligence, sundar pichai, search revenue, ai agents, digital advertising