EconomyMarkets US employers added 165,000 jobs in October, far more than expected US payrolls rose by 165,000 in October against forecasts near 65,000, unemployment held at 4.1 percent and markets now lean toward a December hike.
MarketsChips US stocks have their worst day since April 2025 as an AI chip selloff hits the Nasdaq The Nasdaq fell five and a half percent into a correction as chip stocks slumped on fears of a slower US data-centre buildout after the midterms.
MarketsChips Qualcomm handset chip sales fall by a quarter as the company bets on cars and data centres Qualcomm's quarterly handset revenue fell 26 percent as Apple business fades, while car chip sales hit a record of about two billion dollars.
MarketsPolicy & Regulation US stock futures fall as Democrats are projected to win the House in the midterms Democrats were projected to win the US House and led in key Senate races on election night, and stock futures fell on worries about data centre limits.
ChipsMarkets AMD data centre sales nearly double and the chipmaker guides higher AMD's third quarter revenue rose 45 percent to a record 13.4 billion dollars, led by data centre chips, with about 17 billion guided for the fourth.
EconomyMarkets US factory activity speeds up in October as output hits a five year high The ISM manufacturing index rose to 55.5 in October, above forecasts, with production at its highest since 2021 while price pressure eased a little.
ChipsMarketsAI Marvell agrees to buy Lumentum for about 115 billion dollars to own AI optics Marvell will buy optical maker Lumentum in an all-stock deal valued at about 115 billion dollars, a bet that AI data centres move from copper to light.
MarketsChips Intel has its worst day since 1974 after a weak outlook drags the Nasdaq down Intel beat its own third-quarter targets but guided fourth-quarter revenue and margin lower on a PC slowdown; the shares fell 28.6 percent on 30 October.
MarketsCloudAI Amazon posts its best margin ever while AI spending turns cash flow sharply negative Amazon grew third-quarter sales 12 percent to 201.9 billion dollars and AWS 39 percent, but 77 billion in quarterly capex left free cash flow negative.
MarketsCloudAI Microsoft's Azure grows 48 percent while the company stays cash positive Microsoft's first fiscal-2027 quarter brought revenue of 92.3 billion dollars, up 19 percent, with Azure up 48 percent and capex of 39.4 billion dollars.
MarketsCloudAI Alphabet's cloud revenue doubles but heavy spending pushes cash flow negative again Alphabet grew third-quarter revenue 25 percent to 127.6 billion dollars and Google Cloud 103 percent, but 51 billion in capex left cash flow negative.
EconomyMarkets Fed holds rates at 3.75 to 4 percent, two officials vote for another hike The FOMC kept the federal funds target range at 3.75 to 4 percent on 28 October in a 10-2 vote; both dissenters wanted another quarter-point hike.
