Business / Finance
USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter
The USDC issuer disclosed the cuts in its earnings release, booking $9.1 million in restructuring costs as reserve income fell 8%.
Circle beats earnings expectations on strong revenue, but cuts 5% of its workforce
Circle’s net income for continuing operations of $226 million grew 5% year-over-year to $226 million in the third quarter.
Trump blamed Fox News for Republican losses even as network’s hosts went easy on him
Fox News pundits hardly criticized the US president in midterms coverage but Trump was still quick to cast blameIn the weeks leading up to Tuesday’s midterm elections, Donald Trum…
Wall Street seeks shelter in Treasuries as midterms threaten to throw Washington into a fiscal gridlock
"Fiscal gridlock seems the likely default."
Current price of oil as of November 4, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
Here's how analysts are reacting to the new blue Congress
Your day-ahead look for Nov. 4, 2026
‘The opportunity outweighs the challenge’: Bahrain leads drive to restore tourism in the Gulf after eight months of conflict and collapsing visitor numbers
The six members of the Gulf Cooperation Council are betting on multi-country trips to revive a tourism market that generated over $130 billion last year.
Canton’s CC rises 4% as SEC staff view it as ‘digital commodity’
SEC staff’s no-action letter covers CC earned by running infrastructure and applications, but is not a binding ruling on its legal status.
Reed Jobs’s Yosemite raises $350 million second fund to make cancer non-lethal
Yosemite has closed its cancer-focused second fund at $350 million, a serious jump from January’s first close at $200 million, investor Reed Jobs exclusively told Fortune.
Midterms Blue Wave Makes $917K for One Polymarket Trader, If Alaska Doesn’t Flip
A Polymarket trader topped the prediction market’s leaderboard after Democrats swept the US midterms, but Alaska could still flip it.
US midterm elections 2026: is this the end of Trump? - podcast
The Democrats have had a resounding win, taking control of the Senate and the House of Representatives in a historic midterms result. Hosts Reged Ahmad and Jonathan Yerushalmy exa…
Dario Amodei wants ‘a country of geniuses in a data center.’ Realizing that vision requires risky financial mechanics, Anthropic’s IPO filing shows
The company has used convertible notes and a complex financing deal with Broadcom to backstop its AI infrastructure buildout. But analysts question whether it will be able to cont…
ZachXBT Names French Bank Crédit Mutuel Arkéa as Alleged Victim of $133M Crypto Theft
The onchain investigator says the theft is being "covered up," and that a lack of disclosure let more than $30 million be laundered.
Binance hack may be ‘temporary setback’ for crypto, Grayscale’s Pandl says
Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.
Stock markets celebrate a ‘stunning rebuke’: Trump says he will accept midterm losses—but don’t expect defeat to change him
Everything you need to know before you reach the office this morning.
ADNOC to expand AI use across its operations to strengthen resilience
In this week’s Fortune Gulf Brief.
Bitcoin rebounds from midterm dip as DeFi leads gains
Bitcoin recovered from a dip to around $75,600 as Democrats won Congress, while DeFi tokens led gains and Trump-linked coins fell.
Judge Orders Bitcoin Wallet Returned to Family of Convicted Canadian Killer
A Nova Scotia judge found prosecutors failed to link William Sandeson's Bitcoin to the 2015 murder of fellow student Taylor Samson.
Justin Sun seeks $264K sanctions over World Liberty’s UAE disclosure
Sun plans to refile his token-freeze lawsuit in California state court after the sanctions motion is resolved. A hearing is set for Dec. 10.
CEOs need a new playbook after a midterm rebuke of Trump
Also: All the news and watercooler chat from Fortune.
ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft
Blockchain sleuth ZachXBT says the French bank may have lost more than $133 million from crypto exchange accounts. Crypto.com confirms it has blocked funds linked to the theft.
Elon Musk floats space data centers as Democratic sweep puts pressure on AI trade
Texas election result raises fears of data centre restrictions, while Musk and Palihapitiya draw attention to the space economy.
‘A true icon of the hair industry’: celebrity hairstylist John Frieda dies aged 75
Businessman styled stars such as Twiggy, Madonna and Joanna Lumley and created popular hair care line Frizz EaseJohn Frieda, the celebrity hairstylist who launched his own bestsel…
US dollar slides after Democrats’ midterm election win as growth fears rise
Concern over greater AI regulation, while investors move into US treasuries as Trump faces political gridlockBusiness live – latest updatesUS midterm elections – live updatesThe U…