Simply the latest news, updated on the hour.

Wed, Nov 4, 2026, 11:02 PM EST

Tech

  • Apple is reportedly curbing spending on its internal AI initiatives, signaling a potential shift in its AI development strategy.

  • The midterms may have passed, but a more significant debate over data center regulations and deployment is anticipated.

  • Despite significant investment, AI-focused Political Action Committees (PACs) had a limited impact on shaping the composition of Congress.

  • Nothing's CEO has announced that the company's highly anticipated AI-first device will launch next month.

  • Despite the buzz around AI agents, Uber reports minimal adoption for tasks like booking rides.

Money

  • The U.S. midterm election results saw Democrats secure control of both the House and Senate, significantly impacting foreign policy, particularly regarding aid to Israel and approaches to the Middle East, while also placing wealth taxes back on the agenda.

  • Geopolitical tensions remain high, with Saudi Arabia facing difficult decisions on the Houthi threat, Iran employing guerrilla tactics, and escalating skirmishes involving North Korea's missile testing and potential cyber warfare.

  • The global financial markets reacted to election outcomes with oil prices showing volatility, influenced by hopes for Middle East diplomacy and potential shifts in U.S. energy policy.

  • The cryptocurrency market experienced significant fluctuations post-election, with Bitcoin and Ethereum ETFs seeing outflows, while regulatory uncertainty persists despite some positive tokenization developments.

  • Technological advancements, especially in AI, continue to drive innovation and investment, though concerns about data center security and the impact of AI on employment and infrastructure are growing.

Power

  • Global diesel supply chains are expected to face continued strain well into 2027, impacting energy markets.

  • Central banks are increasing their gold reserves at the fastest rate in years, signaling a potential shift in global financial strategies.

  • The power sector faces challenges as datacenters, which are significant energy consumers, were rejected by US voters in recent ballots.

  • Qualcomm's partnership with SpaceX aims to create a nationwide 5G network, potentially disrupting established telecom providers.

  • Brazil has introduced a global roadmap for phasing out fossil fuels, signaling a commitment to renewable energy transitions.