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2026/11/03

Bill Ackman: Big Tech's Trillion-Dollar AI Spend Is 'Offensive' Growth Strategy

Pershing Square Chief Executive Officer William Ackman and Chief Investment Officer Ryan Israel argued in a recent shareholder letter that hyperscalers are investing in AI to accelerate growth. The executives described the projected trillion-dollar spending as "offensive rather than defensive." Ackm

Apple Services Revenue Faces Pressure Amid App Store Commission Decline

CoinDesk reports:IT Home, November 3: Apple's services revenue remains at a historical high, but pressures are intensifying. As the core of this business, the App Store is facing dual challenges from regulatory scrutiny and a sluggish mobile gaming market, hindering growth in its services segment.Ho

Top Analyst Criticizes Apple's Lack of Clarity on Personalized AI Agents

Deepwater Asset Management managing partner Gene Munster called personalized AI agents the biggest risk to Apple's integrated hardware and services ecosystem. Munster expressed disappointment on X with CEO John Ternus' answers to two personalized-agent questions during Apple's earnings call. Munster

BlackRock's IBIT Loses $405M in Largest ETF Exodus Since June

Key takeawaysBlackRock's Bitcoin ETF recorded $405.3 million in outflows on Nov. 2US spot Bitcoin ETFs recorded approximately $1.04 billion in net outflows in two consecutive trading sessionsBTC declined roughly 2% over the past 24 hours, approaching $76,500US spot Bitcoin exchange-traded funds (ETF

U.S. AI Market Faces Correction as Tech Stocks Decline

Original author: Dong JingSource: Wall Street JournalWall Street is experiencing a costly wake-up call. As large tech stocks face their most intense monthly sell-off since March 2025, skepticism over the return on investment in AI infrastructure is rapidly growing, and signs of a retreat in AI tradi

Bitcoin price predictions vary based on U.S. congressional election outcomes.

Odaily Planet Daily report: Survey shows that if the Republican Party retains control of both chambers of Congress, the median price forecast for Bitcoin by year-end is $90,800; if the Democratic Party wins both chambers, the median forecast is $76,450; if the two parties split control of the Senate

Bitcoin Miner Cipher Q3 Revenue Drops 63% to $26.7M

Documents filed by Bitcoin mining company Cipher Digital with the U.S. Securities and Exchange Commission (SEC) on November 2 show that the company reported third-quarter revenue of $26.7 million, a decrease of approximately 63% compared to $71.7 million in the same period last year, yet still recor

Bitcoin Miner Cipher Reports $31.6M Q3 Net Profit Amid 63% Revenue Decline

Huo Xing Finance reports, according to CoinDesk, that Bitcoin mining company turned data center developer Cipher Digital reported a net profit of $31.6 million for the third quarter, despite a 63% year-over-year decline in revenue. Revenue fell from $71.7 million in the same period last year to $26.

Chinese regulators suspend IPOs and large-scale share offerings to stabilize markets

According to ME News, on November 3 (UTC+8), China’s Securities Regulatory Commission (CSRC) recently held meetings with investment banks and issued verbal guidance to banks and investment firms, requesting a temporary suspension of corporate initial public offerings (IPOs). Additionally, large-scal

Grab Q3 Profit and Revenue Rise, FY26 Guidance Raised

Grab Holdings Ltd. (GRAB), a Singapore-based ride-hailing, food delivery, and digital payment solutions provider, reported Tuesday higher third-quarter profit, revenues and On-Demand GMV, with improved profitability across core segments. Further, the firm raised fiscal 2026 guidance.In the overnight

China Advances AI Lifecycle Legislation, Introduces Regulatory Sandbox

Dongcha Beating AI News, November 3: The National Development and Reform Commission stated that it will accelerate the advancement of comprehensive AI legislation, establishing safety standards and ethical guidelines covering the entire lifecycle—from data, computing power, and algorithms to specifi

Chinese regulators halt IPOs and large-scale share sales to stabilize the market

Huo Xing Finance reports that on November 3, according to the Financial Times, China’s Securities Regulatory Commission (CSRC) recently held meetings with investment banks and issued verbal guidance to banks and investment firms, requesting a temporary halt to corporate initial public offerings (IPO

Anthropic's Q3 Operating Loss Hits $567M Ahead of Nasdaq IPO

Anthropic disclosed a Q3 operating loss of $567 million in an amended IPO filing ahead of the company's Nasdaq debut. Anthropic had recorded an operating profit of $974 million in Q2. Revenue continued to expand, but rising costs exceeded the revenue increase.The amended filing reports Q3 revenue of

CrowdStrike Acquires Two AI Security Startups for $495 Million

CrowdStrike to Acquire Two AI Security Startups for $495 Million Gold Finance reports that on November 3, CrowdStrike reached agreements to acquire two AI security startups for a combined $495 million. As enterprises race to deploy AI agents, this acquisition will strengthen CrowdStrike’s ability

Former IMF Economist Gita Gopinath Warns of Prolonged High Interest Rates Amid Persistent Inflation

Harvard professor and former International Monetary Fund First Deputy Managing Director Gita Gopinath said the Federal Reserve may need to keep interest rates higher for longer as inflation remains elevated, arguing that "everything points to the need for tighter monetary policy."Gopinath said in a

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