Day · Nov 4, 2026

Wednesday, Nov 4

Wednesday November 4

Morning Digest

Euro zone inflation hits 4.0% in Oct, from 3.8% markets Eurostat's flash estimate shows energy prices up 20.8% on the year while core held at 2.5%.
AMD Q3 revenue hits record $13.4B, up 45% ai-tech Data center sales nearly doubled to $8.5B while gaming fell 40% to $773M. AMD guided Q4 revenue to about $17B, plus or minus 3%, roughly 66% above a year earlier.
Circle Q3 revenue, reserve income up 17% to $865M crypto USDC onchain volume grew 49% to $13.9T and $182M came from the ARC token presale.
Morgan Stanley tokenizes stocks, Treasurys via DTCC crypto The bank says it is among the first users of DTCC's new tokenization service, which launched with 20 firms including JPMorgan and Citi.
Canva cuts 22% of staff ai-tech CEO Melanie Perkins told staff growth slowed for the first time in a decade; TechCrunch puts the cuts at 1,271 people.

UK culture secretary orders public-interest review of Sky's planned ITV acquisition regulation U.K. Culture Secretary Lisa Nandy on Wednesday issued a public interest intervention notice on Sky's proposed purchase of ITV's broadcasting and streaming business, requiring the Competition and Markets Authority and Ofcom to report on the deal, the U.K. government and Variety said.
Suno asks court to dismiss Jason Isbell's lawsuit over artist names in AI music prompts music AI music company Suno on Tuesday asked a federal court in Massachusetts to dismiss a proposed class action by Jason Isbell and other musicians, arguing that letting users name artists to describe a musical style is lawful, Variety and Music Business Worldwide reported.
TKO raises its full-year outlook again as UFC revenue jumps 60% in the third quarter earnings TKO Group Holdings, owner of UFC, WWE and IMG, reported Wednesday that third-quarter revenue rose 21% to $1.36 billion and raised its full-year guidance for the second time this year, the company said.

Dow jumps 1,569 points, or 3%, to 53,356.12 markets It was the index's best day since April 9, 2025, and it came a day after Democrats won both chambers of Congress.
Riot signs $28B AI data center lease crypto The 15-year, 910 MW lease with a frontier AI lab covers Riot's entire Corsicana, Texas campus and lifts its contracted data center revenue to about $38B.
Revolut valued at $115B, up 53% in a year markets Existing shares changed hands in a secondary sale and no new money was raised; a year ago the fintech was priced at $75B.
ADP: US private employers add 86,000 jobs in Oct markets That matched September's revised total, while professional and business services shed 27,000.
OpenAI to acquire Pierre, maker of Codex tools ai-tech Pierre runs Code Storage and builds the open-source Trees and Diffs libraries already used in the Codex app.

Democrats win majorities in both the House and Senate in the midterm elections elections Democrats won control of both chambers of Congress in Tuesday's midterm elections, with a Senate majority of at least 54 seats and a House majority secured early Wednesday, according to race calls reported by AP and Reuters.
Democrats flip governor's offices in Texas, Georgia, Ohio and Iowa; Becerra wins in California elections Democrats won governor's races in Texas, Georgia, Ohio and Iowa, taking offices held by Republicans, and Democrat Xavier Becerra was elected governor of California, AP, Reuters and NPR reported.
Trump says Iran war 'largely' explains Republican losses; Speaker Johnson won't lead House GOP next year politics President Donald Trump said Wednesday that Vice President JD Vance's view that the Iran war cost Republicans in the midterms was "largely true," while saying he would make the same decision again, NBC News and Reuters reported.
Voters back abortion-rights measures in Nevada and Virginia, add photo ID rules and reject Missouri's new congressional map elections Voters approved constitutional amendments protecting abortion rights in Nevada and Virginia, added photo ID requirements to the constitutions of Ohio, North Carolina and Nevada, and blocked a Republican-drawn congressional map in Missouri, NBC News and NPR reported.

3M agrees to pay up to $7.35 billion to settle PFAS personal injury claims over firefighting foam courts 3M said it will pay $7.35 billion over nine years, with a present value of $5.8 billion, to resolve personal injury claims over PFAS chemicals in federal litigation centered on firefighting foam, according to the company and AP.
Judge temporarily blocks deportation of detained Afghans to Afghanistan or Pakistan immigration U.S. District Judge Valerie Caproni on Tuesday temporarily barred the Trump administration from deporting Afghans held in U.S. immigration detention to Afghanistan or Pakistan, in an order that runs through Saturday, AP and ABC News reported.
Three dead, including the suspect, and two deputies critically wounded in shooting near Spokane public-safety Two Spokane County sheriff's deputies were critically wounded and three people, including the suspected shooter, died after a domestic violence call near Spangle, Washington, on Tuesday, Sheriff John Nowels said, according to The Spokesman-Review and AP.