Vestas may gain from US midterm election results
J.P. Morgan analysts say a Democratic win in US Congress should support wind turbine maker Vestas, according to Market Talk.
2 sources · Market Talk
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SoftBank default insurance cost hits four-year high as AI fears grow
SoftBank's five-year CDS spread widened 22 bps to 466 bps on doubts over AI returns, the widest since October 2022, Reuters reports citing Markit data.
1 source · Reuters
Nikkei sinks over 5% as tech selloff spreads on AI and regulation fears
Reuters reports the Nikkei fell more than 5% at midday as chip and AI shares slid after the US midterm vote, with 221 of 225 components lower.
3 sources · Reuters
Microsoft Shares Slip as Nasdaq Nears Correction on AI Data-Center Worries
Microsoft stock dips after it declined to expand its Nscale Texas data center deal, while Nasdaq nears a correction as chip and AI cloud shares sell off.
2 sources · WSJ, gurufocus.com
US data-center curbs threaten developers and power firms after Democratic wins
Democratic wins in Texas and Georgia raise risk of data-center curbs; Reuters lists developers, power producers and neoclouds most exposed to delays.
2 sources · Reuters
Gold climbs near 2% to two-week high as dollar slips after US midterms
Spot gold climbed 1.9% to $4,134.83 an ounce, its highest since October 22, as the dollar eased after the Democratic midterm win. Indian stocks also gained.
2 sources · Moody's
Warren and four other lawmakers question McDonald's over algorithmic pricing
Senator Elizabeth Warren and four other Democratic lawmakers wrote to CEO Chris Kempczinski with questions about menu prices set by algorithms at the chain.
1 source · Reuters
Midterm vote could shift the outlook for sports betting stocks and prediction markets
Seeking Alpha analyzes how the November 3 midterms could affect sports betting shares and prediction markets, including a Nebraska ballot measure.
1 source · Seeking Alpha
Investors Bet on Hospital Stocks Ahead of a Possible Democratic Win in Congress
According to the Wall Street Journal, hospital shares have rallied on hopes for a shift in Congress, but analysts warn the trade is risky and relief may be narrow.
1 source · WSJ
Tech giants push back on ICE data requests as Democrats eye probes
WSJ reports Google and Meta are resisting broad US subpoenas over user data, bracing for possible Democratic congressional investigations after the midterms.
1 source · WSJ
SFQ Global unit wins $41.4 million EPC deal for solar and storage project in DRC
A unit of SFQ Global Limited has signed an EPC contract worth $41.4 million for a solar and energy storage project in the DRC, Reuters reports.
1 source · Reuters