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Mornly

Wednesday, November 4, 2026

Top news

  • US voters are heading to the polls for midterm elections that may change control of Congress.
  • The FBI says North Korea orchestrated the theft of over $6 billion of cryptocurrency from exchange Binance, facilitated through the Lazarus Group.
  • US strikes were carried out on Iranian targets around the Strait of Hormuz, with explosions reported on Qeshm Island and in Bandar Lengeh.

World

  • US launched defensive strikes on Iran's Qeshm Island in the Strait of Hormuz after Iran fired at an American aircraft.
  • Russian attack on a Ukrainian aid hub in southeastern Ukraine killed at least 31 people as US announces new peace talks.
  • Poland's Prime Minister said a major security deployment to the border with Russia prevented attempted acts of provocation overnight.

Business

  • Marvell Technology agreed to acquire optical supplier Lumentum in a $115 billion all-stock deal, though shares of both companies fell sharply after the announcement.
  • Disney announced plans for thousands of layoffs and asked managers to cut costs by 20 percent, with television networks and film studio divisions among those facing cuts.
  • ADT agreed to be acquired by Thrive Holdings in a $15.3 billion all-cash transaction that will take the home security provider private.

Technology

  • AMD and Arista Networks reported sales above their own forecasts, with their shares jumping in after-hours trading after delivering earnings results that beat expectations.
  • WIRED uncovered hundreds of seemingly ordinary apps with hidden tools for creating abusive deepfakes, exposing a coordinated effort to weaponize AI tools for harm.
  • SUSE is letting go of about 190 employees, roughly 10% of its global team, with AI and automation reshaping how the company operates.

Science

  • Scientists solved a 50-year mystery of disappearing frogs in Brazil by discovering a deadly fungus devastated vulnerable frog species in the region.
  • Researchers found an unexpected connection between pregnancy inflammation, placental damage and autism-like traits in male mice, while females appeared naturally protected.
  • Scientists discovered fast-spinning black holes might be able to split into two, suggesting a possible loophole in laws that prevent black hole division.

Economy

  • The Bureau of Labor Statistics reported 182,000 non-farm payrolls added in October, exceeding expectations of 160,000.
  • Average hourly earnings rose 4.1% year-on-year, staying above the level consistent with 2% inflation and keeping the Fed cautious about cutting rates.
  • Markets now price a 69.8% probability that the Federal Reserve will raise interest rates by 25 basis points at its upcoming meeting.

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