Skip to content

Nasdaq correction, Asian market losses, Canada’s tariff-aid proposal

Selling in technology shares drove the Nasdaq down 5.5% and into correction territory. Japan’s Nikkei and South Korea’s Kospi each closed down 6%, with the Kospi’s decline temporarily halting trading as the US sell-off spread into Asian markets.

Also in this edition

Business dailycovering Updated By AveNews SI desk3 minBusiness

Written by AveNews superintelligence (SI) from AveNews articles and their sources.

A painted trading floor overlooks the sea, with an American flag and a large screen showing a falling red line. A red path winds across the water toward distant buildings. SI illustration
Table of contents

Markets

South Korea’s Kospi closes down 6%

South Korea’s Kospi closed down 6% on 6 November after a drop that temporarily halted trading, as a sell-off spread from the US into Asian markets.

Companies

Economy

Japan’s real wages rise 2.2% in September

Japan’s real wages rose for a ninth straight month in September, increasing workers' measured purchasing power. The labor ministry attributed a sharp rise in special payments to a statistical quirk, while brokerages forecast another interest-rate increase in December.

Follow AveNewsFollow on YouTube

Also today

Markets

  1. Nubank suspends cryptocurrency deposits and withdrawals in Brazil

    A purple phone displays the Nu logo above two coins and circular arrows; more coins sit along a pale path beside a gray cylinder. SI illustration

  2. Mercado Pago blocks some crypto transfers to external wallets

    A painted smartphone stands beside a track of coins, a striped barrier and a brown wallet; another track loops around with arrows. SI illustration

Companies

  1. France’s prosecutors investigate Iranian unit over supermarket hacks

    Overhead illustration of two people handling wrapped food packages beside refrigerated store shelves and two wheeled bins; part of the display is empty. SI illustration

  2. Microsoft winds down Oracle computing deal, people familiar say

    An illustration of two server racks labeled Microsoft and Oracle, with green and blue indicator lights in a blue-gray server room. SI illustration

  3. Fox and Roku shareholders approve $22 billion acquisition

    Painted office hallway with two blank screens on wheeled stands flanking a frosted-glass door; an open book rests on a desk beyond it. SI illustration
Show 12 more

  1. Julian Brodsky, Comcast co-founder and financier, dies at 93

    A painted cable branches from a small building to homes on a hillside, beside a white flower, blank lined sheets and the Comcast logo. SI illustration

  2. Deutsche Telekom raises forecast to €47.6 billion (about $53.2 billion)

    A painted white building with a large magenta T logo and rooftop antennas, with pink bands stretching across the landscape toward a distant city. SI illustration

  3. Alphabet discloses nearly 3 million Qualcomm shares

    A painted cream-colored card bears the red Alphabet wordmark above a blue Qualcomm wordmark set against a grid of chip-like squares. SI illustration

  4. Singapore Airlines plans S$2 billion cabin upgrade

    A painted aircraft cabin with blue seats and a double bed in a partitioned suite, beneath a Singapore Airlines wordmark. SI illustration

  5. EU Commission alleges TikTok breached rules over video feed

    A painted phone with the TikTok logo and video thumbnails is encircled by a strip of videos, beside the European Commission emblem and three sliders. SI illustration

  6. AC Milan reportedly agrees to Adidas kit deal worth about $56 million a season

    A painted AC Milan crest on red-and-black striped fabric sits between Puma and Adidas tags, with thread and a pincushion nearby. SI illustration

  7. IREN plans $15 billion expansion as Microsoft deliveries slip

    Painted data center with rows of server racks, overhead cables and a four-color Microsoft logo on a pillar; pallets and a cable spool sit nearby. SI illustration

  8. Shield AI agrees to buy radar maker Echodyne for $5.3 billion

    A painted radar assembly with beige panels and black cables stands in a sunlit workshop beneath the word “Shield.” SI illustration

  9. Silver Lake and Saudi fund discuss buying Unity, sources say

    A painted computer screen displays a 3D landscape, wireframe sphere and cube, flanked by the Silver Lake name and Public Investment Fund emblem. SI illustration

  10. Axon plans $1.2 billion more investment in Skydio

    A painted gray camera drone rests on the ground beneath a yellow AXON logo, with a forked road winding through hills behind it. SI illustration

  11. Meta pauses commercial terms updates after publisher concerns

    On a worn table, pale paper strips curl between a metal canister and a roller above a monitor showing abstract olive and rust-colored shapes. SI illustration

  12. Google plans $17 billion first data center in Wyoming

    A translucent rendering of a low building and smaller units sits on an open plain beneath distant snowy hills, with the Google wordmark in the upper right. SI illustration

Economy

  1. US Agriculture Department plans crop data check after corn errors

    An illustration of green and gold arrows running from crop fields past a checkmark panel toward a USDA-branded book, with a computer and irrigation equipment nearby. SI illustration

  2. Russian diesel tankers reportedly change course away from US

    Painted coastal fuel terminal with a storage tank and pipes by the water, a tanker ship offshore, and a tractor in a distant field. SI illustration

  3. EU bank assets rise 5.18% to €34.99 trillion

    Two tall white blocks with yellow bases stand among classical buildings beneath a large blue emblem bearing a yellow euro symbol and stars. SI illustration
Show 3 more

  1. Azerbaijan’s parliament considers hourly pay for short-term workers

    A painting of six people reading papers around a table beneath Azerbaijan’s flag, with a large clock and a blank desk calendar in the foreground. SI illustration

  2. Azerbaijan’s draft budget raises childbirth allowance to 1,500 manats

    A painting of a woman tending to a sleeping baby in a wicker bassinet, with an Azerbaijani flag behind them and a sunlit sheet on the table. SI illustration

  3. Japan’s PM Takaichi plans to use fund-sale revenue for growth

    A painted woman speaks at a lectern beside a Japanese flag, with small images of financial charts, a building, infrastructure and technology behind her. SI illustration

Startups & Venture

  1. Shield AI announces $2.5 billion financing for radar deal

    A painted workbench holds a blank rectangular panel on a stand, technical sketches and hardware. Signs reading “Blackstone” and “JPMorganChase” hang behind it. SI illustration

  2. CesiumAstro says it closed $730 million financing

    Technicians work on a satellite with blue solar panels and a large dish inside a sunlit factory; another spacecraft stands in the background. SI illustration

Reports on this date

  • A man stands beneath a clock in a sunlit hallway, facing open doors and a row of chairs. An Indian flag hangs on the wall. SI illustration
    AveNews

    India’s custody deadline, stock-market falls, Somalia’s presidential term ruling

    India’s Supreme Court has ruled that detention, rather than the later recording of a formal arrest, starts the 24-hour deadline for bringing an accused person before a magistrate. The Nasdaq entered correction territory, while Japan’s Nikkei closed down 6%. Somalia’s Supreme Court rejected the president’s term extension and set an election deadline earlier than the commission’s timetable.

    Daily report · covering

    3 min26 sources

  • A painted CISA seal hangs above a blue file box filled with folders, one bearing a black Apple logo. SI illustration
    Technology

    Apple security flaw, Bose battery recall, cryptocurrency transfer restrictions

    CISA has listed an actively exploited Apple authentication flaw; Apple says earlier software updates included a fix. Bose is offering free replacements for certain speaker batteries that can overheat and ignite. Nubank has halted cryptocurrency deposits and withdrawals in Brazil while leaving trading available.

    Daily report · covering

    4 min23 sources

  • A worker in a reflective vest checks a paper beside a car, with vehicles queued along a hazy road and an Indian flag overhead. SI illustration
    Science

    Delhi pollution controls, Armenia’s sweets ban, space station power upgrade

    India has restricted diesel generators and fuel burning in Delhi as winter air quality worsens. Wisconsin officials report the state’s first measles death in 36 years, involving an infant. Armenia’s food inspectorate has prohibited sales of identified Kinder-labelled sweets after inspections at Surmalu and Petak.

    Daily report · covering

    3 min20 sources

  • People gather outside a building flying the Irish flag. Through a large window, an empty chair, microphone and headphones are visible; a bridge and domed building appear in the distance. SI illustration
    Culture

    RTÉ evacuations, Trump arch pause, Pissarro return order

    A bomb threat interrupted RTÉ’s radio schedule as staff evacuated and authorities worked to identify those responsible. A federal judge barred construction of Trump’s proposed arch for 14 days without deciding its legality. A Paris court ordered a Pissarro painting returned to Salomon Flavian’s heirs; Mondex’s James Palmer says an appeal will be filed.

    Daily report · covering

    3 min29 sources

  • A painting of two tennis players in white holding rackets: one walks across a dark blue court, while the other appears against a glowing golden arch. SI illustration
    Sports

    Tiafoe’s Finals place, Ruotolo’s second title, Armenia’s Nations League squad

    Shelton’s win over Paul secured Tiafoe’s ATP Finals place, leaving Fritz’s match against Alcaraz to decide the final berth. Ruotolo won ONE’s lightweight mixed martial arts title by submission. Melikyan named 28 players for Armenia’s final Nations League group matches.

    Daily report · covering

    4 min47 sources

  • An illustration of empty warehouse shelves and pallets, with an IOM UN Migration sign on the wall and tents visible through the open doorway. SI illustration
    Politics

    UN agencies say funding shortages limit Sudan shelter response

    UN agencies say 15.4 million people in Sudan urgently need shelter and household items, and are seeking flexible funding to replenish emergency stocks before winter. Democrats have reached 253 US House seats, with 22 races unresolved. Somalia’s Supreme Court has rejected the president’s term extension, leaving only the cabinet with limited caretaker authority.

    Daily report · covering

    3 min59 sources