Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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Tech Sector Volatility Rises in US Futures Following Democratic Midterm Gains
US stock futures fell on November 4, 2026, as investors braced for potential AI regulation and legislative gridlock following Democratic midterm election gains.
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American Express and NBA Expand Partnership to Target Global Fanbase
American Express has signed a multiyear global agreement with the NBA and WNBA to integrate exclusive cardholder benefits into international basketball events.
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CVS to Split Into Independent Entities by 2028 Amid Market Pressure
CVS Health plans to split its retail and insurance businesses by 2028, responding to market volatility and concerns over pharmaceutical industry consolidation.
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Markets Navigate Structural Rotation Following U.S. Midterm Election Results
Investors are rotating capital away from AI infrastructure as Democratic midterm victories and falling oil prices trigger a major market realignment.
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Nintendo Reports Strong Profit Growth as Switch 2 Ecosystem Matures
Nintendo reports a 49.1% profit surge as digital sales hit 60.7% of total revenue, with Switch 2 reaching 26.35 million units and original Switch at 157.2M.
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Nintendo Switch 2 Revenue Drops 41% Following Surge in Component Expenses
Nintendo reports a 41% drop in Switch 2 sales following price hikes and the end of consumer bundles, driven by an industry-wide memory component shortage.
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Rheinmetall Shares Plunge 17% Following Second Guidance Cut This Year
German defense giant Rheinmetall saw its stock plummet 17% after reducing its 2026 sales forecast due to bureaucratic delays in key military programs.
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Beijing Scuttles SoftBank’s Bid for ABB’s Robotics Unit Over Regulatory Hurdles
China’s NDRC has prohibited SoftBank’s $5.375 billion purchase of ABB’s robotics division, citing national concerns over industrial data security and AI training.
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Paris Jackson Petitions Court to Free $600M From Estate
Paris Jackson filed a Los Angeles court petition demanding the release of $600 million into a family trust, escalating a feud with executor John Branca.
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McDonald’s Plans New U.S. Value Bundles Following Sales Dip
McDonald’s will launch new value bundles early next year after third-quarter U.S. sales dropped 0.2%, marking its first sales retreat since early 2025.
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John Deere Restructures U.S. Operations With Two Iowa Factory Closures
John Deere will close two Iowa factories and shift production lines to align with market demand and strengthen long-term competitiveness.
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Inside the Multi-Month Infiltration That Enabled a Record Crypto Heist
Cryptocurrency exchange Binance revealed that hackers spent months preparing a $6.34 billion heist through social engineering and fake job interviews.
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AMD Posts Strong Q3 Earnings Beat as Data Center Revenue Surges 97%
Advanced Micro Devices posted a Q3 earnings beat driven by a 97% surge in data center revenue, prompting major Wall Street banks to revise price targets.
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Max Levai Expands to Chelsea Amidst Art World Contraction
Despite industry headwinds, gallerist Max Levai has opened a new Chelsea space, marking a personal comeback after the collapse of the historic Marlborough Gallery.
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Wall Street Rallies as Democratic Congressional Sweep Sparks Relief Rally
Wall Street surged as Democrats won control of Congress in the November 2026 midterms, sending the Dow up 1,500 points amid political gridlock expectations.