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Stocks Reverse Post-Midterm Gains As Jitters Return And The AI Trade Unravels. Nasdaq Plunges Into Correction Territory.

Stocks related to the AI trade are suffering the most.

Google AI Researchers Want Google To Remove Contract Clauses They Say Could Silence AI Warnings
Richmond Fed's Barkin Says he Expects More Rate Hikes But Unsure About How Many or When
What The Business World Is Expecting Now That Democrats Control The Senate

What The Business World Is Expecting Now That Democrats Control The Senate
Democratic control of Congress is expected to trigger investigations and policy battles with President Donald Trump over cryptocurrency, tariffs, Federal Reserve appointments, data centers and health care.
Richmond Fed's Barkin Says He Expects More Rate Hikes But Unsure About How Many Or When
Barkin noted that "unemployment is near record lows, and inflation is too high," making the decision "pretty straightforward."
Trump Says He'll Work With Democrats After Midterm Rout: 'Many More Things Than People Understand'
President Donald Trump said he is willing to work with Democrats after Republicans lost both chambers of Congress, while Democrats signaled plans for aggressive oversight investigations.
Israeli Opposition Leader Gets Most Recommendations To Form Ruling Coalition In Rebuke Of Netanyahu
Gadi Eisenkot secured 67 recommendations to form Israel's next government after the Joint List backed him, potentially giving the opposition a path to replace Benjamin Netanyahu.
Russia Deepens Military Cooperation With Iran With Dozens Of Missile Launchers: Report
Russia and Iran are reportedly expanding military cooperation through a deal involving 90 helicopter-mounted missile launchers, amid broader weapons transfers and joint nuclear development plans.
Saudi Arabia Reportedly Asked The Houthis What They Wanted To Stop The War. They Said Tens Of Billions.
The group also wants to be deemed as the rightful ruler of Yemen instead of the current government recognized by most of the international community.

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Google AI Researchers Want Google To Remove Contract Clauses They Say Could Silence AI Warnings

The disagreement centers on whether researchers can explain potential harms without fearing consequences from the company developing the technology.

Economy in Focus

Americans Voted For Trump To Fix The Economy In 2024. Now 44% Say They're Financially Worse Off.
Democrats regained control of Congress as exit polls showed widespread financial dissatisfaction, with only 18% of voters reporting an improvement in their finances since 2024.
- Trump Concedes Iran Played a Role in GOP Midterm Defeat, But Doesn't Regret it: 'I Did The Right Thing'
- Musk's Midterm Bet Did Not Pay Off. His Companies' Stocks Are Plunging.
Wall Street Is Trading Near Record Highs. The Richest 1% Own More Than Half Of America's Stock Wealth.
As major U.S. banks prepare to report quarterly earnings, fresh attention is falling on who owns the financial assets benefiting from Wall Street's rally.
- S&P 500 Profits Set To Surge More Than 30% In Q3 With AI Giants Dominating Growth
- SpaceX Could Borrow $40 Billion For Nvidia Chips As Musk Makes A Massive New Bet On AI. Its Stock Fell.

Editor's pick

Sherrod Brown

Crypto Groups Spent $63 Million To Stop Sherrod Brown. Ohio Voters Sent Him Back To The Senate.

Sherrod Brown defeated Jon Husted despite more than $63 million in crypto-backed spending against him, potentially complicating the industry's efforts to advance digital-asset legislation.

Jorge Torres

Contributor

How Jorge Torres Is Building Interlink Trade Services' Next Chapter in Cross-Border Trade

Interlink Trade Services' founder is combining trade expertise, investment in technology and team development as customers navigate more complicated cross-border decisions.

Contributor
Alex Moye Built the MIDI Controller He Could Not Buy
The Florida civil engineer waited four years for a US patent on MOD POD and has since built an operation spanning Amsterdam, China, UK, India, and Dubai to bring it to market.
Contributor
Why Ross Levy Believes Hands-On Building Experience Still Matters in the Age of AI
San Francisco architect Ross Levy discusses how construction experience, art, AI and environmental research shape his studio's approach to designing buildings rooted in place.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

A Two-Time Latin Grammy Winner Turned 75 Quinceañeras Into Campaign Stops. Now He's Headed To Congress.
A remark from his opponent inspired an unusual campaign strategy that brought the singer into family celebrations across the Rio Grande Valley.
Democrats Could Challenge Trump's Iran War After Midterm Sweep. A Previous Senate Vote Failed By Just One Vote.
A Billionaire Spent Over $200 Million To Win Georgia. He Lost To A Democrat.

Democrat Gains In Midterms Prompt 'Cautious' Optimism Amongst Some International Leaders. Others Are Apprehensive.
Some European leaders welcomed Democratic gains in Congress, as did Iran's parliamentary speaker. However, Russia voiced concerns about the Democrats' "negative" attitudes towards the country and China remained firmly neutral.
Could China Invade Taiwan In 2027? A Top U.S. General Says The Timeline Still Matters.
Israeli Officials Reportedly Warned U.S. About Iran Considering Chemical Weapons. Some Officials are Skeptical.

Robots Are Taking Over Some Human Jobs. But Some Are Being Hired To Help Them Complete Tasks.
San Francisco startup Aktoria Robotics is offering companies remote human operators to help robots complete tasks they cannot yet manage independently.
Could People Talk To AI Without Saying A Word? A Startup Is Making Glasses That Read Silent Speech.
Europe's Freezers Keep Being Hit by Cyberattacks. A French Blood Bank Was Now Hit.