Economy news · 30 October 2026
Binance Reports $6.3 Billion Crypto Attack, the Largest on Record
Binance, the world's largest crypto exchange, reported an estimated $6.3 billion impact from a cyberattack linked to North Korea's TraderTraitor group, though the company says user funds are safe after roughly half the affected amount was frozen.
Intel Loses a Quarter of Its Value After Forecasting a PC Market Slump
Intel shares tumbled roughly 24% after CEO Lip Bu Tan warned of a 12% contraction in the PC market next year, with a deepening memory-price crisis squeezing consumer budgets and threatening the chipmaker's biggest business.
Amazon Earnings Miss Deepens Wall Street's Big-Tech Rout
Amazon shares fell as much as 9% in after-hours trading Thursday after the company missed Wall Street forecasts on both earnings and revenue, adding to a broad sell-off in major technology stocks.
US Economy Grows 3.4% in Third Quarter, Exceeding Forecasts
US real GDP expanded 3.4% in the third quarter of 2026, beating the economists' consensus forecast of 3.1% and accelerating from 2.2% growth in the second quarter, the Commerce Department said.
Bank of Japan Holds Rate Steady as Underlying Inflation Reaches 2% Target
The Bank of Japan kept its policy rate at 1.25% on Friday after concluding a two-day meeting, with analysts widely expecting a hold following a rate increase in September. The central bank's quarterly report confirmed that underlying inflation in Japan has now reached the BOJ's long-standing 2% target.