Amazon Announces Over 550 Full-Time Jobs for the Glen Rose Data Center Project

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Amazon (AMZN.O): The Glen Rose data center project will create at least 550 full-time jobs.

CoinDesk reports that Amazon (AMZN.O) has announced that the Glenross data center project will create at least 550 full-time jobs with salaries significantly above the county average.

Important Financial News Reminder for Friday

CoinDesk news: Important financial calendar highlights for Friday: ① 08:00 – Dallas Fed President Logan participates in a discussion on AI and labor. ② 09:20 – Shanghai Stock Exchange’s Sci-Tech Innovation Chip ETF launches in Hong Kong on the Hong Kong Stock Exchange. ③ 15:00 – Germany’s September industrial production. ④ 17:30 – New York Fed President Williams participates in a European Central Bank-organized discussion in Germany. ⑤ Pre-market: Moderna releases earnings report. ⑥ 19:00 – Swiss National Bank Executive Board member Kuhn speaks in Frankfurt, Germany. ⑦ 20:15 – Bank of England Chief Economist Pill speaks. ⑧ 21:30 – U.S. October non-farm payrolls, Canada’s October employment and unemployment rate. ⑨ 22:10 – St. Louis Fed President Muessel speaks. ⑩ 23:00 – Initial U.S. November University of Michigan Consumer Sentiment Index. ⑪ Next day 01:15 – Fed Governor and Vice Chair for Financial Supervision Bowman speaks. ⑫ Next day 02:00 – San Francisco Fed President Daly interviews with CNBC. ⑬ Next day 04:00 – U.S. September consumer credit. ⑭ Saturday – Time TBD: China’s October foreign exchange reserves. ⑮ Saturday – Time TBD: Bank of Japan Governor speaks in Washington, D.C., USA.

U.S. stocks plunged sharply on Thursday, with tech stocks hit hard.

CoinDesk reports that U.S. stocks suffered heavy selling pressure on Thursday, with technology stocks hit hardest. During trading, the Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite Index plunged as much as 2.38%, 3.57%, and 5.35% respectively, while the Philadelphia Semiconductor Index dropped as much as 11.6% amid concentrated selling pressure across the AI hardware supply chain.

Kodiak AI Inc. Q3 revenue of $2.969 million exceeded expectations.

According to Reuters, Kodiak AI Inc. reported revenue of $2.969 million for the third quarter, exceeding I/B/E/S estimates of $2.47 million.

The probability of a Fed rate hike in December is 68.7%.

According to CoinDesk, CME's "FedWatch" tool shows a 31.3% probability that the Federal Reserve will hold rates steady in December, and a 68.7% probability of a 25-basis-point rate hike. By January next year, the probability of holding rates steady is 27%, the probability of a cumulative 25-basis-point hike is 63.6%, and the probability of a cumulative 50-basis-point hike is 9.5%.

El Salvador has purchased more Bitcoin again, now holding 7,827 BTC.

CoinDesk reports that El Salvador purchased one additional Bitcoin today, bringing its total strategic Bitcoin reserve to 7,827 BTC, valued at approximately $593.4 million.

Powerus Corporation: Achieved $130 million in revenue from executed orders and contracts as of November 5, 2026.

According to CoinDesk, Powerus Corporation disclosed in its SEC filing that, as of November 5, 2026, the company had generated $130 million in revenue from executed orders and contracts.

Kimco Realty Corp issues $600 million in exchangeable preferred notes

According to CoinDesk, Kimco Realty Corp announced that its subsidiary, Kimco Realty OP LLC, will issue $600 million in convertible preferred notes with a coupon rate of 3.50% in June 2026, maturing in 2031; details have been disclosed in SEC filings.

Kimco Realty Corp. registered 26.25 million shares of common stock for resale.

According to CoinDesk, Kimco Realty Corp has filed an application with the U.S. Securities and Exchange Commission (SEC) to register 26,250,000 shares of common stock for resale.

Weakness in U.S. stocks triggers a flight to safety, causing BTC to drop 5.4% to $75,810.

According to CoinJournal, citing FirstSquawk, weak outlooks from Qualcomm and ARM intensified market selling pressure, prompting investors to seek refuge in safe-haven assets. U.S. Treasury yields fell 6 basis points to 4.83%, Bitcoin dropped 5.4% to $75,810, while oil prices rose 2.7% to $90.54 per barrel.

U.S. Secretary of State Rubio denies reports of his resignation and declines to comment on the 2028 election.

CoinDesk reports that, according to the New York Times, U.S. Secretary of State Rubio denied reports on Thursday that he planned to leave the Trump administration and declined to answer questions about his political future. He stated that working for President Trump until the end of his term has “always been my plan.” Rubio, who also serves as National Security Advisor, declined to address whether he is considering a run for president in 2028.

Bitcoin mining company Iren Q1 earnings report: Total revenue increased by 66% quarter-over-quarter

According to CoinDesk, U Shuo learned that Bitcoin mining company turned AI cloud service provider Iren (NASDAQ: IREN) announced its first-quarter fiscal year 2027 results ended September 30, 2026. Total revenue increased by 66% quarter-over-quarter to $228 million, with AI cloud revenue surging 182% quarter-over-quarter to $2 billion, achieving an 86% gross margin. Bitcoin mining revenue declined from $67 million in the prior quarter to $28 million. The company reported a net loss of $263 million for the quarter, compared to an adjusted EBITDA of $66 million in the previous quarter. Contracted backlog increased by 22% quarter-over-quarter to $20.3 billion, with contract commitments and funding secured to surpass its annualized recurring revenue (ARR) target of over $4 billion; however, due to customer design adjustments and supplier delivery timelines, the realization timeline has been delayed from the end of 2026 to January 2027, potentially extending into February. Additionally, following the close of the quarter, the company signed a five-year AI cloud services contract priced at approximately $22 million per megawatt, with the customer prepaying 90% of the GPU capital expenditure.

U.S. Defense Secretary Hegseth faces impeachment pressure and vows to fight back firmly.

CoinDesk reports that recently, U.S. Secretary of Defense Hegseth has faced mounting pressure for impeachment, to which he has vowed a firm counterattack. As the Democratic Party made significant gains in the U.S. midterm elections, several lawmakers have indicated they will push for impeachment proceedings. Hegseth released a video on social media, accusing Republican Representative Thomas Massie and his Democratic allies of introducing baseless impeachment articles, calling these actions politically motivated personal attacks that will not affect him. Massie first introduced impeachment articles against Hegseth in September and stated that unless Hegseth resigns, he will revive the impeachment effort.

Mettler-Toledo International expects sales growth of approximately 5% in 2027.

According to CoinDesk, based on an assessment of current market conditions, management at Mettler-Toledo International expects sales growth of approximately 5% in local currency terms by 2027.

Trump on Iran: Many things will happen soon; many initiatives are being prepared.

CoinDesk reports that Trump, at the White House, commented on Iran, stating that many things will soon happen and that numerous initiatives are being prepared. He mentioned that, if possible, he does not wish to destroy the rest of Iran, but may have no choice. He emphasized that Iran cannot do anything without U.S. approval and stated that the U.S. is fully prepared to act at any moment. Trump said that a war with Iran is not a “war” in the traditional sense, but rather an “occupation.”