Section

Business

Markets, industries, and the forces reshaping the region's economy.

Page 2

Business

Nasdaq Falls 2.6% at Midday as Intel Heads for Its Worst Day Since 1974 and Reddit Loses a Quarter of Its Value

A second day of selling hit chip and software stocks on Friday while Exxon, Chevron and consumer staples rose. The S&P 500 was set to give back its October gain and the 10-year yield eased to 4.94%.

Oct 30, 2026/3 min read

The columned facade of the New York Stock Exchange on Broad Street with a large American flag hung between its pillars and three smaller flags on poles in front, photographed on 12 August 2010, a file photograph of the exchange and not of Friday's session

Business

Gold Drops 3% to $3,890 and Its Lowest Since October 2025 as Fed Hike Bets Harden and the Month's Loss Reaches 5.9%

Bullion lost the $4,000 line in London and kept sliding through the New York morning, pulled down by a hawkish Fed, hot inflation data, oil near $117 and a tech sell-off forcing liquidations.

Oct 30, 2026/3 min read

Two stamped gold ingots lying crossed on a plain white background, photographed on 27 September 2009, a file photograph illustrative of gold bullion and not of Friday's trading

Business

Kospi Sinks 4.9% and the Nikkei Falls 2.5% as Amazon and Intel Revive AI Cost Fears and Treasury Yields Slip Below 5%

Korean chip stocks led an Asian retreat after Thursday's US earnings, the Bank of Japan held at 1.25% on an 8-1 vote, and oil edged higher after a vessel fire near Hormuz.

Oct 30, 2026/2 min read

The towers of the Yeouido financial district in Seoul rising above the Han River and the tree-covered Bamseom island under a hazy blue sky, photographed on 10 August 2016, a file photograph of the district and not of Friday's trading

Business

Intel Plunges After Hours as a Weak Fourth-Quarter Forecast Overshadows a 78% Jump in Data Centre Sales

Revenue rose 21% to $16.5 billion, yet Intel guided fourth-quarter profit to half the current level and said the PC downturn will last into mid-2027, sending shares down as much as 23%.

Oct 29, 2026/2 min read

The Robert Noyce Building at Intel's headquarters on Mission College Boulevard in Santa Clara, California, a blue glass tower with a banner on its facade and an Intel sign at the entrance, photographed on 2 July 2023, a file photograph of the headquarters and not of this week's results

Business

Amazon Stock Slides After Hours Despite AWS Growing 39% as Free Cash Flow Turns to a $42 Billion Outflow

Record profit and the fastest cloud growth in almost five years were not enough, as a $77.3 billion quarter of spending and an earnings miss sent Amazon shares sharply lower in extended trading.

Oct 29, 2026/2 min read

The glass and steel Amazon Spheres conservatories among office towers on the Amazon headquarters campus in Seattle, seen from 6th Avenue with pedestrians on the pavement, photographed on 9 April 2020, a file photograph of the company's campus and not of the earnings report

Business

Alphabet Closes 12.6% Lower in Its Worst Day Ever, but Most Stocks Rise as the Nasdaq Falls 1.4%

The record Alphabet loss dragged the Nasdaq down, yet the equal-weight index and small caps gained as health care led, with Amazon and Intel already sliding once the market closed.

Oct 29, 2026/2 min read

The balcony and carved lettering of the New York Stock Exchange at 11 Wall Street with an American flag, a No Entry sign for Wall Street at right and office towers behind, photographed on 19 August 2015, a file photograph of the exchange building and not of Thursday's trading

Business

Alphabet Heads for Its Worst Day on Record, Shedding About $500 Billion, as Nasdaq Slides

Shares fell as much as 13.5% after earnings, with ServiceNow, Caterpillar and Sprouts also sinking, while small caps rose as the AI trade took a hit on Thursday.

Oct 29, 2026/2 min read

The columned neoclassical front of the New York Stock Exchange at 11 Wall Street in Lower Manhattan with flags below the pediment, photographed on 17 May 2012, a file photograph of the exchange building and not of Thursday's trading

Business

US Economy Grew at a 3.4% Pace in the Third Quarter as AI Spending Lifted Business Investment

Growth beat forecasts and accelerated from 2.2 percent, while September inflation held at 3.6 percent, a pairing that keeps a December Fed hike in play.

Oct 29, 2026/2 min read

A close view of a data centre server rack with rows of blue LED screens and white Ethernet cables, photographed on 14 October 2011 at a research computing centre in Berkeley, California, a file photograph illustrative of computing hardware and not of any company's AI spending

Business

Microsoft Rises About 4% After Hours as Azure Grows 48% and Capital Spending Comes In Light

Microsoft disclosed Azure revenue in dollars for the first time, $33.17 billion, and guided to faster cloud growth in the fiscal second quarter.

Oct 28, 2026/2 min read

Business

Alphabet Falls More Than 10% After Hours as Cloud Revenue Doubles but Free Cash Flow Slides Further Below Zero

Google Cloud hit $30.7 billion, yet a Search slowdown, a $51.4 billion capital bill and a $9.1 billion cash burn sent Alphabet shares sharply lower after the bell.

Oct 28, 2026/2 min read

A glass-fronted Google office building with its colourful sign, seen through trees and grasses outside the company's headquarters in Mountain View, California, photographed on 12 August 2017, a file photograph of the campus and not of Wednesday's results

Business

Fed Holds at 3.75% to 4% on a 10-2 Vote as Cook and Hammack Dissent in Favour of a Hike

Chair Kevin Warsh gave little away after the Federal Reserve held rates for the first time since September's increase, and futures still point to a December hike.

Oct 28, 2026/2 min read

The north face of the pale stone Marriner S. Eccles Federal Reserve Board Building on C Street in Washington under a blue sky, photographed on 10 May 2010, a file photograph of the Fed's headquarters and not of Wednesday's meeting