Anti-crypto Senator Elizabeth Warren expected to become Chair of Senate Banking Committee, giving her major power over the financial industry.

Crypto industry will hurt.

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Texas Governor-elect Gina Hinojosa calls for a HALT to AI data center development until new laws are enacted, per CNN.Texas accounts for 25% of all planned data center development in the US.

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South Korean stock market halted all stock trading and program trading for 20 minutes as KOSPI crashed -8.5% at the open.Over ₩432.1 TRILLION ($288B) wiped out from South Korean stocks as the KOSPI triggers a circuit breaker.

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TRUMP JUST POSTED THIS:

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MARKET RECAP — Thursday, Nov 5:

🔴 Dow Jones -3.4% (-1,833 pts)
🔴 S&P 500 -4.4%
🔴 Nasdaq Composite -5.5%
🔴 Russell 2000 -4.3%

Why red: Wednesday's post-midterm rally got wiped out in one session as the AI/chip rout turned into broad selling — Nasdaq entered correction territory, down over 10% from its high, all 11 S&P sectors closed red, and it was the worst day since April 4, 2025.

🟢 Winners:
AMTX +38.4% — Q3 results
DNUT +30.7% — Q3 beat and raised 2026 revenue guidance
WRBY +22.5% — Q3 revenue up 10.4% and raised full-year guidance
🔴 Losers:
MNTN -54.7% — Q3 miss, cut full-year guidance, lost ~40% of its sales team
VCYT -54.3% — cut 2026 testing guidance, Leerink downgrade
MU -17.5% — chip sell-off, memory names led the rout

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Peter Thiel warns AI bubble could burst before the end of 2026

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bungalicious

August 13, 2024, 1:03

so how bout that weather we're having?

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bungalicious

August 12, 2024, 17:02

proooogreeeeessssss

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