Nasdaq selloff, Japan’s rate hold, UK homebuyer plan
The Nasdaq ended 2.86% lower as selling spread through chip stocks, with analysts pointing to concerns about returns on superintelligence (SI) spending. The Bank of Japan kept its rate at 1.25% in an 8–1 vote, with one board member seeking an immediate increase. The UK government has committed £4.7 billion over five years to Your First Home, under which eligible buyers would receive government loans toward their purchases.
Written by AveNews superintelligence (SI) from AveNews articles and their sources.
Table of contents
Markets
Nasdaq falls 2.86% as technology shares lead US selloff
The Nasdaq closed sharply lower as selling spread across chip stocks. Analysts pointed to concerns about returns on superintelligence (SI) spending, while Intel said weaker personal-computer demand could persist through 2027.
Economy
Bank of Japan holds rate at 1.25% and raises inflation forecasts
The Bank of Japan held its rate in an 8–1 vote, with one board member seeking an immediate increase. The bank judges borrowing conditions still supportive of economic activity.
Russia’s government extends producers’ diesel export ban
Russia’s government has extended fuel producers’ export ban, keeping restrictions in place beyond their previous October expiry. Some shipments may remain exempt; Deputy Prime Minister Alexander Novak separately projects higher diesel exports in November.
UK government commits £4.7bn to Your First Home scheme
The UK government has committed £4.7bn over 5 years to Your First Home. Eligible buyers would contribute a deposit of at least 2.5% and receive a government loan covering 20% of the purchase price, with repayment linked to the home’s future value.
Companies
US appeals court restores NFL Sunday Ticket liability verdict
The appeals court restores subscribers’ antitrust liability verdict against the NFL after finding that a judge wrongly excluded expert evidence. The league says it is considering further appellate review as the case returns to district court to determine damages.
Thrive Holdings agrees to buy ADT for about $7.6 billion
Thrive Holdings has agreed to acquire home-security company ADT in a deal valuing its equity at about $7.6 billion. OpenAI is an existing investor and technology partner of Thrive, which plans to build a smart-home security business around ADT after closing.
Chipmaker UMC approves $3.2 billion for Singapore and Tainan expansion
UMC’s expansion approval covers a budget, rather than money already spent or production capacity already installed. Its separate capital-spending outlook for 2026 was $2 billion, while the company said it was working with suppliers to accelerate the expansion.
Updated since this editionAlso today
Economy
UK pledged £10 billion (about $13.4 billion) more to Ukraine on 28 October
Germany’s inflation eases to 2.8% in preliminary October estimate
EU to add €2 handling fee on online imports on 1 November 2026
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Companies
Regal and Cinemark decline Cliff Booth’s IMAX opening
ExxonMobil more than doubles quarterly earnings to $3.72 per share
Intel forecasts $15–16 billion in fourth-quarter revenue
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Microsoft spends around $5 billion less on superintelligence (SI) investment
OpenAI reportedly secures about $11 billion in funding
Georgia’s parliament sets 80% foreign share for gambling tournaments
Chevron commits $7 billion to doubling Venezuela oil output
Hong Kong carrier HKT agrees to end US services by 1 September 2027
id Software loses about 50% of staff in Xbox layoffs, co-director says
Lakers owner Mark Walter agrees sale terms with Josh Kushner, sources say
Alphabet posts negative third-quarter free cash flow of $9.1 billion
Microsoft reports $18.6 billion in positive quarterly free cash flow
Hello Sunshine reportedly cuts about 30 jobs, roughly 50% of staff
Amazon spends $77.3 billion on capital projects in third quarter
Infineon plans €1.1 billion chip investment in Villach
Reports on this date
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DR Congo’s government tally puts Ebola deaths above 5,000, and researchers have begun enrolling participants in a trial to test protection against the Bundibugyo virus. Zelenskyy says Russian attacks hit energy and railway infrastructure as repairs continue under security constraints. A US judge temporarily blocked federal prosecution threats against election workers handling ballots linked to suspected noncitizens.
Daily report · covering
4 min29 sources
TechnologyCursor malware, Binance withdrawals, HKT’s US exit
Cursor advises affected developers to isolate compromised devices, remove changes left by malicious Claude Code extensions and replace exposed credentials from a trusted system. Binance reports $5.27 billion in net withdrawals since transactions resumed after the theft. HKT has agreed to leave the US telecommunications market.
Daily report · covering
3 min39 sources
ScienceDR Congo’s Ebola outbreak, Ecuador’s conference role, US civil-space funding
DR Congo’s government puts Ebola deaths above 5,000 as researchers begin enrolling participants in a trial to test protection against the Bundibugyo virus. Ecuador will host the 2028 biodiversity conference. The US president’s FY2027 request proposes cuts across seven civil-space priorities analyzed by Aerospace Corporation.
Daily report · covering
3 min24 sources
CultureStratton says id Software will keep leading games after losing about half its staff
Marty Stratton says id Software will continue developing its id Tech game engine and work more closely with MachineGames following Xbox’s restructuring. Switzerland’s broadcasting complaints authority found that RTS discriminated against Olympic bobsleigh pilot Adam Edelman. Regal and Cinemark have declined the opening IMAX engagement of Netflix’s Cliff Booth film.
Daily report · covering
4 min43 sources
SportsChelsea’s win, Grigoryan’s bronze, Tevanyan’s silver
Chelsea beat Manchester United 2–0, with Arsenal able to take the Premier League lead by avoiding defeat at Liverpool on Sunday. Aleksandra Grigoryan won clean-and-jerk bronze and named the 2027 championships in Yerevan as her next target. Vazgen Tevanyan took silver after losing his first World Championships final to Bowen Bassett.
Daily report · covering
4 min83 sources
PoliticsUkraine’s missile request, US Patriot sale proposal, election-worker court order
Zelenskyy said Russian attacks disrupted power in the Dnipro and Kyiv regions and urged allies to transfer air-defense missiles from existing stocks before winter. The US State Department approved a possible Patriot missile sale that still requires congressional review and contract negotiations. A US judge temporarily blocked federal prosecution threats against election workers handling ballots linked to suspected noncitizens.
Daily report · covering
4 min44 sources
