Simply the latest news, updated on the hour.

Mon, Nov 2, 2026, 12:02 PM EST

Tech

  • SpaceX is reportedly exploring the acquisition of Boost Mobile to enter the U.S. mobile carrier market, challenging giants like AT&T and Verizon.

  • AI startup 42AI has emerged from stealth with $62.5 million in funding, aiming to predict human behavior with its proprietary 'world model'.

  • Elon Musk has restricted the usage limits of his Grok AI chatbot due to escalating operational costs.

  • Omen AI has bolstered its capabilities in aquatic data analysis by acquiring Aquatic Labs for $16 million.

  • A series of cyberattacks have targeted European supermarkets, disrupting refrigerator systems and leading to significant food spoilage.

Money

  • The global financial landscape is marked by significant geopolitical tensions, with potential escalations in the Middle East and ongoing conflicts impacting oil prices and supply chains.

  • Cybersecurity remains a critical concern, as evidenced by attacks on emergency alert systems in Ukraine and Russia, and broader concerns over data security in the AI sector.

  • The cryptocurrency market is experiencing significant volatility, highlighted by the massive Binance hack, leading to substantial outflows and prompting calls for greater regulatory oversight.

  • Artificial intelligence continues to drive innovation and investment, particularly in chip manufacturing and data centers, though concerns about its cost and potential risks persist.

  • Geopolitical shifts are influencing global trade and alliances, with China's growing influence on the seas and strategic partnerships being re-evaluated by various nations.

Power

  • Global oil prices experienced a significant downturn, dropping below $100 per barrel, influenced by diplomatic developments between the US and Iran and a reported willingness for further talks.

  • Major European retailers faced widespread disruption as cyberattacks targeted refrigeration systems in supermarkets, leading to spoiled goods and operational paralysis.

  • Renewed concerns over energy security emerged as Germany reported falling natural gas storage levels below target, coinciding with a looming cold snap.

  • The power sector grappled with technological and geopolitical shifts, including ongoing concerns about North Korea's alleged funding of its nuclear program through cryptocurrency hacks.

  • Infrastructure challenges came to the fore, with South Africa's largest city facing potential total collapse and Ukraine's emergency alert systems being targeted by hacked warnings.