Economy news · 4 November 2026
Asian Stocks and Dollar Fall as Democrats Win Senate and Target House in US Midterms
Democrats have won control of the US Senate and appear on course to take the House of Representatives, pushing Asian stocks and the dollar lower as investors weighed the prospect of tighter AI regulation and political gridlock in Washington.
AMD Posts Record $13.4 Billion Quarter as Data-Centre Revenue Nearly Doubles
Advanced Micro Devices reported Q3 revenue of $13.38 billion — up 45% year-on-year — with its data-centre segment alone reaching a record $8.5 billion, driven by surging demand for AI chips, while fourth-quarter guidance of roughly $17 billion topped analyst expectations.
Oil Prices Plunge on Hopes of US–Iran Peace Deal
Crude oil prices fell sharply — Brent down more than 4% to around $103 a barrel — as US–Iran diplomatic talks raised hopes of easing tensions in the Middle East and restoring disrupted supply through the Strait of Hormuz.
Shopify's First Revenue Miss in Four Years Sends Shares Down Nearly 9%
Shopify reported Q3 revenue of $3.74 billion — its first miss against analyst estimates in four years — as heavy AI spending on its Sidekick assistant and cautious consumer behavior weighed on the Canadian e-commerce company.
Super Micro Computer Surges 6% After AI-Server Revenue Hits $19.9 Billion
Super Micro Computer beat earnings and revenue estimates by a wide margin for its fiscal first quarter, reporting $19.9 billion in revenue — up 298% year-on-year — as booming AI-server demand powered its strongest quarter ever.