Asian tech stocks sink
‘Complete carnage’ as Nikkei 225 falls below 60,000 points for first time since May with Seoul’s Kospi under 5,000 points
Financial Times
Region: United Kingdom
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Language: EN
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Mode: Aggregation
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Stories Indexed: 240
Why pollsters underestimated the size of the Democrats’ US midterm ‘blue wave’
Unpredictable electorates can lead to overcorrecting after presidential elections
Wall Street sheds $3.2tn as Democratic midterm sweep triggers brutal AI rout
Tech-heavy Nasdaq 100 tumbles 6.4% in day of chaotic trading
Will Democrats stall the AI boom?
Newly elected officials have pledged to curb data centre construction, rattling the trade that has powered US stock markets
Los Angeles elects democratic socialist Nithya Raman as mayor
Win follows Zohran Mamdani’s rise in New York and resounding victories by other progressives in Washington and Providence
Wall Street mega-donors clobbered by Democratic sweep
Top hedge fund managers and private equity executives spent more than $300mn on Republican campaigns to little or no effect
Tech leaders need an urgent rethink of their political strategy
America’s data centre backlash is emblematic of AI anxiety and a scepticism of the industry’s power and wealth
So, about that Anthropic IPO . . .
A dispatch from the trenches of daily market commentary
AI backlash threatens trillion-dollar data centre boom, say tech leaders
Executives at FT’s Future of AI summit admit tech industry has fuelled hostility towards its own expansion
Markets live: US tech stocks slide in wake of Democrats’ midterm win
AI trade remains in the spotlight as investors weigh possible impact of ‘blue wave’ on sectors favoured by Trump administration
European stocks approach all-time high on Democratic sweep
Investors bet scale of Republican defeat in US midterms will restrain White House policymaking that has weighed on markets
Wall Street bets Democratic sweep will empower moderates in Washington
Investors expect midterm election to restrain sway of extremes in American politics
Impeachments, Iran and the presidency: what’s next after the midterms?
A sweeping victory for Democrats has started a jostle for presidential hopefuls
Republicans paid the price for Trump’s failed policies
The president promised — but did not deliver — more manufacturing jobs and higher employment rates for native-born Americans
Russia deepened Iran support with missile launcher deal
Moscow increased military aid for Tehran despite strains from Ukraine war
UBS slashes spending on consultants as Credit Suisse project winds down
Swiss bank cuts external advisers’ bill by more than $800mn and axes 5,500 jobs as integration nears completion
Microsoft rejects multibillion-dollar AI deal with UK’s Nscale
Fresh blow ahead of start-up’s IPO as tech giant turns down option to more than double Texas data centre contract
A&O Shearman invests $1.1bn in AI
The ‘magic circle’ firm has told lawyers each practice area must commit at least 3% of billable time to creating AI tools