⚡️ BREAKING: Oracle $ORCL has withdrawn from its $7 billion AI chip-leasing agreement with Tencent.

The FT reports that US officials raised concerns with Oracle, while authorities in Guangdong encouraged Tencent to opt for Chinese-made chips. Oracle shares dropped 2.3% in premarket trading.

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⚡️ BREAKING: Canva is laying off 22% of its workforce, affecting 1,271 employees. The CEO says departing staff can keep their MacBooks and will receive six months’ pay, along with a $10,000 grant to launch a business.

The support package also includes up to 12 months of healthcare, accelerated equity vesting, career coaching, and a year of LinkedIn Premium.

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⚡️ BREAKING: Yemen’s Houthis are demanding $51 billion from Saudi Arabia and recognition as the country’s legitimate government in return for ending the war.

Riyadh worries that agreeing could invite more attacks and further demands for money. Crown Prince Mohammed bin Salman, meanwhile, is refusing to negotiate until Saudi Arabia has made military gains.

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⚡️ BREAKING: South Korea’s KOSDAQ has activated a circuit breaker after falling more than 5%. Semiconductor stocks are under pressure amid growing fears of tighter data center regulations.

Local media have dubbed it “Black Thursday” and the “Blue Wave Shock.”

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⚡️ BREAKING: OFAC says the US Treasury has sanctioned 10 individuals and one organization linked to North Korean IT worker networks.

SlowMist traced the targets’ on-chain activity and found that an Ethereum address associated with two of the individuals received around $9.88 million from Boykov.

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⚡️ BREAKING: Apple $AAPL is reportedly considering scanning publicly shared iCloud links for harmful content, including links to photos and files. Sharing files with “Anyone with the Link” also disables end-to-end encryption—even if Advanced Data Protection is enabled.

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⚡️ BREAKING: Anthropic has agreed to a $28 billion deal to lease data center capacity from Riot Platforms ($RIOT).

From January through September, Riot sold 20,264 BTC for roughly $1.5 billion to fund its move into AI data centers.

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⚡️ BREAKING: The Bank of England has raised interest rates by 0.25 percentage points to 4%. All members of the Monetary Policy Committee backed the move, contrary to expectations that two would vote to hold rates steady.

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⚡️ BREAKING: Democrat Scott Colom is projected to win Mississippi’s U.S. Senate race.

He would become the state’s first Democratic senator since 1989.

The victory would bring Democrats to eight Senate seats in the midterms—their strongest showing since 2008.

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⚡️ JUST IN: Iran’s parliamentary speaker has hit back at JD Vance after he blamed the Republicans’ defeat on the war with Iran.

“You sound like a gambler who keeps losing but refuses to quit. Why not take it up with your boss?”

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The sell-off hit chip stocks hardest. The Nasdaq dropped 3.2%, erasing $400 billion from the US market, while Nvidia ($NVDA) slid 5.6% to its lowest level since April.

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Strategy led the decline among crypto-linked investments, dropping 10%. Coinbase fell 9%, while BlackRock’s Bitcoin ETF (IBIT) slid 5.5%. The Nasdaq 100 was down 4.81%.

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Reports indicate that thousands of troops are on standby while the US and Israel weigh possible further strikes on Iran. Any operation could be short but intense, and nuclear facilities may be among the targets.

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3.8%: The S&P 500 has fallen, but remains far from the 20% drop that would halt trading for the rest of the day. As a result, Wall Street is closely monitoring the circuit breakers.

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20%: IREN and Nebius shares fell after Microsoft increased scrutiny of neocloud data center projects as it weighs new cloud deals, especially those involving higher-risk ventures.

A wiring problem at IREN’s Texas site could also delay completion by weeks or even months.

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Elon Musk’s fortune fell by $33.5 billion in a day after Democrats won the midterm elections, as investors considered whether increased scrutiny could threaten a Tesla merger.

On Thursday, SpaceX’s five-year credit default swap spread also reached a record 284.3 basis points.

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A vote on Hegseth’s impeachment could happen as early as next week, though no vote is confirmed and the outcome is still up in the air. ⚡️

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⚡️ Marco Rubio may leave the Trump administration after the US Midterms to pursue a 2028 presidential bid, The Independent reports.

He is reportedly among five Cabinet members preparing to resign. If he runs, Vice President JD Vance is expected to be his main rival.

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Trust companies and settlement banks can now handle clearinghouse settlements.

The CFTC expanded eligibility and applied the same standards to both. Clearinghouses have a new option for managing daily settlements - because one route is never quite enough.

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Is Marco Rubio about to leave his post? For now, he remains US Secretary of State, and no decision has been made about his future.

Bloomberg reports that Rubio discussed stepping down with White House officials after Republicans suffered major losses in the midterm elections. The election results may have helped prompt the talks.

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Is Marco Rubio already eyeing 2028? White House officials say he hasn’t declared it as a goal. They also dismissed reports that he plans to leave the Trump administration to run for president, calling them “completely baseless” and “fabricated.”

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