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Mornly

Tuesday, November 3, 2026

Top news

  • Stock markets climbed as oil prices fell on optimism about a potential US-Iran peace agreement, while Apple shares declined ahead of earnings and investors awaited midterm election results.
  • A Democratic congresswoman endorsed a Republican in Michigan's US Senate race, creating a rift within her own party one day before midterm elections.
  • A Learjet 60 business jet nose-dived into a South Florida neighborhood Sunday, erupting into a giant fireball that killed all nine people on board, according to Transportation Secretary Sean Duffy.

World

  • About 320,000 people participated in France's third weekend of protests over rising cost of living, with more school blockades planned before a union-led strike Thursday.
  • The UN's long-running peacekeeping mission for disputed Western Sahara ended operations after 35 years, leaving the territory claimed by both Morocco and the pro-independence Polisario Front.
  • Bulgaria's acting President Iliana Yotova won the presidential runoff, with her campaign emphasizing diplomatic solutions to Ukraine rather than additional arms support.

Business

  • Marvell Technology is buying Lumentum in a $115 billion deal, sending Marvell shares down nearly 13% and Lumentum down 18%.
  • Oracle plans to sell $10 billion in common stock and $10 billion in bonds to finance its AI buildout, causing shares to decline 8%.
  • Tech majors Apple, Palantir, and AMD are reporting earnings this week as investors watch closely to see whether results will end the recent tech sell-off.

Technology

  • Marvell Technology agreed to acquire Lumentum Holdings for $115 billion in an AI-focused chip deal, though investors sold shares in both companies over valuation concerns.
  • Apple confirmed it will roll out Apple Intelligence features to China users starting in December with iOS 27.3, following developer testing that begins November 4.
  • Anthropic disclosed $17 billion in Q3 revenue and $895 billion in purchase commitments ahead of its public listing, cementing the AI startup's position as a major competitor to OpenAI.

Science

  • NASA's Perseverance rover set a historic record by traveling 28.10 miles across Mars, farther than any vehicle has driven on another world.
  • Scientists detected incredibly powerful neutrinos arriving from distant cosmic sources with 10 billion times the energy of solar neutrinos.
  • Researchers developed a new electronic implant that could transform type 2 diabetes treatment by lowering blood sugar without insulin or traditional drugs.

Economy

  • October payrolls added 182,000 jobs with unemployment holding at 4.1%, but average hourly earnings rose 4.1% year-on-year, above the Fed's comfort zone of around 3.5%.
  • Personal consumption expenditures inflation came in at 3.6% annually on October 29th, well above the Fed's 2% target rate.
  • The Federal Reserve held rates at 3.75-4.00% on October 28th despite sticky inflation, citing a softer-than-expected September jobs report.

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