Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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US Markets Rally and Dollar Slides Following Democratic Congressional Sweep
Global markets react to a Democratic Congressional sweep, with US stocks and bonds rallying as the dollar hits a multi-month low on policy shift expectations.
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Crude Markets Volatile as US Election Routing Meets Iran Conflict Uncertainty
Oil prices retreated in volatile trading as markets weighed US midterm election results and ongoing conflict involving Iran.
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Democratic Landslide Overshadows Elon Musk’s Historic Campaign Investments and Tech Ambitions
Elon Musk’s record $474 million midterm election spending failed as Democrats secured sweeping victories, threatening his Texas business empire.
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Dow Futures Surge 912 Points as Democrats Sweep Midterms and Political Gridlock Takes Shape
Dow futures jumped 912 points on Nov. 3, 2026, after Democrats won majorities in both the House and Senate, easing Wall Street’s policy uncertainty.
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Jon Rosenthal Ends Decades of Republican Rule at Texas Railroad Commission
Democrat Jon Rosenthal defeated Republican Bo French to win the Texas Railroad Commission seat, ending over three decades of GOP control.
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CVS Plans Historic Breakup to Separate Insurance Arm From Retail Drugstores
CVS Health plans to split into two public companies by early 2028, reversing its $78 billion Aetna acquisition and ending a major healthcare conglomerate structure.
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AC Milan Set for €500M Commercial Shift Back to Adidas
AC Milan is reportedly set to end its partnership with Puma for a record-breaking 10-season, €500 million agreement with Adidas.
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US midterm voter poll tracks economic pressure and ballot priorities
A major US election day poll identifies the economy and the state of democracy as primary voter priorities amid widespread financial dissatisfaction.
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Lexie Hull’s Makeup Venture Prepares Major Line Expansion
FORTA Cosmetics, co-founded by WNBA guard Lexie Hull and Sarah Guller, has announced plans to ship an upcoming beauty product next month.
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Todd Boehly-Led Group Nears $22B Lukoil Foreign Asset Swap
A US-led investor group is nearing a multi-billion-dollar securities swap to acquire sanctioned Russian oil giant Lukoil’s international assets.
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Conflicting diplomatic reports trigger severe Brent crude volatility
Brent crude suffered a volatile flash crash before rebounding near $104 as conflicting reports over U.S.-Iran negotiations rattled global energy markets.
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How a Fake Job Interview and Tampered Tools Fueled Binance’s Record $6.3 Billion Crypto Heist
Binance revealed that hackers used a bogus job interview, tampered developer tools, and internal AI systems to execute a record $6.34 billion cryptocurrency heist.
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Anthropic’s IPO Filing Exposes Growing Pains in Frontier AI Infrastructure
An updated S-1 filing reveals compute costs consumed 58% of Anthropic’s revenue as surging demand forced the AI lab to rely on costly short-term neocloud deals.
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Trump’s 2024 Coalition Fractures Over Economy and Leadership as Midterms Arrive
As voters cast ballots on November 3, 2026, deep economic angst and frustration with leadership are fraying the former Trump coalition in critical swing states.
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Yum Brands Q3 Profit Beats Wall Street Expectations Despite Foodborne Outbreak Pressures
Yum Brands posted a Q3 profit beat and 4% revenue rise, though a Taco Bell cyclospora outbreak dampened domestic same-store sales.