Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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Global Markets Stumble as Nasdaq Correction and AI Sell-Off Trigger Bearish Shift
Global stock markets face intense pressure following a Nasdaq correction and a $1 trillion wipeout in AI-linked tech stocks after US political shifts.
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Optimum Communications Bypasses Q3 Earnings Call Amid Restructuring Push
Optimum Communications will skip its Q3 earnings call on November 6, 2026, filing Form 10-Q directly as it pursues a capital restructuring.
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Enbridge Reports Q3 Earnings and Launches Billion-Dollar Asset Expansion
Enbridge posted $1.3 billion in Q3 earnings, placed $3 billion in projects into service, and launched multi-billion-dollar acquisitions to meet rising energy demands.
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Charter Communications Shares Drop Amid Waning Broadband Subscribers
Charter Communications shares slipped about 7% in premarket trading on November 6, 2026, following a Q3 report revealing 233,000 lost internet customers.
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Retail investors pull $257 million from US stocks during sharp market sell-off
Retail investors dumped a net $257 million in US stocks during an AI and chip sell-off, marking the fifth-biggest single-day outflow since March 2020.
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Treace Narrows Losses as Procedure Volumes Surge Despite Revenue Dip
Treace Medical narrowed its Q3 2026 net loss to $12.6 million and reduced costs, offsetting a slight revenue dip through surging surgical procedure volumes.
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Asian Markets Reel as AI Sector Rout Deepens Amid US Regulatory Fears
Asian stocks faced a severe selloff on November 6, 2026, driven by fears that new US Democratic leadership will impose strict regulations on AI data centers.
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Velocity Financial Reports Record Q3 2026 Originations Amid Strategic Expansion
Velocity Financial reported record Q3 2026 loan originations of $911.3 million as it prepares to integrate Toorak and diversify its product portfolio.
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FC Twente’s Erik ten Hag signals potential summer exit for Ruud Nijstad
FC Twente technical director Erik ten Hag confirmed the club must sell players next summer, offering hope to Barcelona in their pursuit of defender Ruud Nijstad.
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Pipefitter Christopher Donisi Named New Voice of Boston Logan Airport
Burlington pipefitter Christopher Donisi has been selected as the new voice of Boston Logan International Airport following a massive public voting campaign.
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Poison Pill Defense Adopted by Wendy’s After Dismissing $1.4B Acquisition Offer
Wendy’s has rejected Trian Fund Management’s $1.4B takeover bid, adopting a poison pill defense to protect its long-term strategy and shareholder value.
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Anthropic IPO Prospectus Reveals Massive Infrastructure Bets and Compute Risks
Anthropic’s pre-IPO filing highlights rapid Q3 revenue growth to $16.96B, but exposes massive $895.4B compute commitments and supply chain vulnerabilities.
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Tesla and SpaceX Shares Plunge Following Democratic Midterm Sweeps
Shares in Elon Musk’s companies dropped roughly 10% as investors react to Democratic wins, potential data center regulation, and a cooling AI market.
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Nvidia Valuation Drops $1.4 Trillion Amid Semiconductor Sector Sell-Off
Nvidia has shed $1.4 trillion in market value since its October peak, as political and economic pressures trigger a broader downturn in the semiconductor industry.
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Micron Shares Slide as Taiwan Labor Dispute Stalls Fab 11E Project
Micron Technology shares dropped 12% on November 5, 2026, as a broader tech sell-off coincided with a work stoppage at its new Taiwan semiconductor plant.