Tesla and SpaceX shed roughly $457 billion in market value in two days after Democrats swept Congress and key Texas races.
SpaceX’s five-year credit default swaps hit a record 284 basis points, signaling rising perceived risk even though its cash exceeds its debt.
» Read more about: Tesla and SpaceX Have Lost $457 Billion in Two Days »
SINGAPORE: Singapore-listed technology stocks tumbled at opening on Friday (Nov 6) before pulling back some losses, as fears of tighter AI regulation under a Democratic-led US Congress triggered a global sell-off.
Semiconductor equipment supplier UMS Integration plunged 15.2 per cent at the open, then rebounded about 12 per cent to close at S$1.69.
Technology shares plunged Friday after an unnerving rout on Wall Street as fears grew that Democrats would accelerate a backlash against AI after their crushing defeat of President Donald Trump’s Republicans in the US midterms.
» Read more about: Tech stocks suffer bloodbath as US midterms fuel AI fears »
Cathie Wood’s ARK dumped about $134 million of Broadcom and bought roughly $100 million of Nvidia and SpaceX as the Nasdaq 100 plunged.
ARK’s flagship ARKK sold nearly all its Broadcom shares, about $104 million worth, yet kept a small position in the stock.
» Read more about: Cathie Wood Just Dumped $134 Million of Broadcom and Bought Nvidia and SpaceX »
When tech stocks cratered and everyone ran for Treasuries, one group of retirees had already won the day. The difference had nothing to do with market timing, and a single number in your own portfolio decides which side you land…
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A boom in systematic investing has helped Acadian Asset Management (AAMI) stock nearly double this year. But the 40-year-old investment management firm faces questions about whether it can sustain its recent growth over the long term. Boston-based Acadian uses quantitative models to identify investment opportunities, instead of relying on traditional human analysts and portfolio managers.
» Read more about: Acadian Asset Management Stock Soars As Demand For Systematic Investing Grows »
Gold (GC=F) December futures opened at $4,098.50 per troy ounce on Friday, November 6, 2026, down 0.4% from Thursday’s closing price. Gold is sliding in early trading this morning to $4,072 per troy ounce as of 7:14 a.m. ET.
Gold prices opened above $4,000 for the second straight day,
Hypercall, the onchain options trading platform built on Hyperliquid, today announced the launch of the world’s first 24/7 Anthropic-linked options market. Contracts go live at 8 a.m. EST on Monday, …
Buffett bought stocks in 2008 and fell 27% before winning; after similar 4% drops, the S&P 500 rose a year later 39 of 45 times.
Buffett’s 2013 plan for his wife’s inheritance, 10% short-term bonds, shows retirees can ride out crashes when years of spending sit outside stocks.
KUALA LUMPUR (Bernama): The United States (US) will focus on the digital economy and energy security in its engagement with Asean next year, as US-Asean ties mark five decades and the bloc celebrates its 60th anniversary, said US Ambassador to Asean Kevin Kim.
Kim said that as the region looks forward to continuing its economic prosperity,
» Read more about: The US and Asean to prioritise the digital economy and energy security in 2027 »
