U.S. equity futures rose on Wednesday evening following a rally on the heels of a sharp decline in the price of oil and certainty around the Democrats' midterm wins.
Futures tied to the Dow Jones In… [+2535 chars]

The Dow Industrials posted its best day since April 2025, surging 3% after Democrats decisively swept Congress and oil prices fell.

CNBC

Stock futures are little changed after big rally following Democrats' decisive midterm wins - CNBC

Kellogg's is changing the recipe for its iconic Rice Krispies cereal in the United Kingdom, replacing whole rice grains with rice flour as weather-related disruptions affect ingredient supplies.
Kel… [+2850 chars]

Kellogg's is reformulating Rice Krispies and Coco Pops in the U.K. as weather-related disruptions affect ingredient supplies, but American consumers won't see changes.

Fox Business

Breakfast food giant makes major change to iconic cereal's recipe - Fox Business

A stock-rotation trade fueled by the US midterm elections swept Asia, denting regional chipmakers and boosting unfavored markets from China to Australia. Sliding oil prices helped fuel gains in South… [+428 chars]

A stock-rotation trade fueled by the US midterm elections swept Asia, denting regional chipmakers and boosting unfavored markets from China to Australia. Sliding oil prices helped fuel gains in Southeast Asia.

Bloomberg

Asian Stocks to Rise as Oil Slides After US Vote: Markets Wrap - Bloomberg.com

The Wall Street Journal

Inside CVS’s Decision to Break Up a Healthcare Juggernaut - WSJ

"We understand the current retail trading environment, rising costs, a significant and outdated retail footprint, and supply chain challenges have led to this point," said Christopher Hill from recei… [+19 chars]

The brand's 38 physical stores and online site will continue to operate while receivers review its operations.

BBC News

Major Australian retailer David Jones collapses after 188 years in operation - BBC

A White House committee of inquiry postponed from Thursday to Dec. 14 a hearing with Federal Reserve Governor Lisa Cook for an investigation of whether allegations of false statements in mortgage app… [+2301 chars]

President Donald Trump first tried to fire Lisa Cook in August 2025, but the Supreme Court in June blocked him from doing so, for now.

White House panel delays hearing on Fed's Lisa Cook to Dec. 14 - CNBC

America's billionaires woke up Wednesday to a political reckoning and a Wall Street rally.
As Democrats celebrated a sweeping midterm victory, some of the country's wealthiest donors traded barbs ov… [+3858 chars]

Billionaire political spending met criticism from ... billionaires in the wake of Tuesday's blue wave election.

What Wall Street billionaires are saying about Democrats' midterm sweep - CNBC

Qualcomm Inc. tumbled in late trading after giving a lackluster profit forecast, a sign the largest maker of smartphone processors is still grappling with higher component prices.
Earnings will be $… [+229 chars]

Qualcomm Inc. tumbled in late trading after giving a lackluster profit forecast, a sign the largest maker of smartphone processors is still grappling with higher component prices.

Qualcomm Gives Tepid Profit Outlook After Supply Costs Rise - Bloomberg.com

Information in Investors Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. … [+1064 chars]

Chip stocks fell to their lowest level since late April as investors debated the impact of Democratic Party victories in midterm elections.

Investor's Business Daily

Chip Stocks Feeling Blue After Democratic Party Victories - Investor's Business Daily

For the third quarter, analysts expect adjusted earnings per share of $7.52, compared with $7.83 a year ago.

The electric air-taxi developer raised its sales forecast, but certification and cash needs remain central to its longer-term prospects.

Barron's

Joby Stock Rises on Solid Results, but Its Biggest Hurdle Remains - Barron's

Arm beat analyst estimates for its fiscal second quarter and with its guidance for the current period. But Arm stock fell.

Arm Beats Quarterly Targets On Surging Data Center Business. But Arm Stock Falls. - Investor's Business Daily

Uber Technologies Inc. shares rose after the company posted quarterly earnings and gross bookings that met expectations, giving investors a reason to look past a slower ride-hailing business and mute… [+306 chars]

Uber Technologies Inc. shares rose after the company posted quarterly earnings and gross bookings that met expectations, giving investors a reason to look past a slower ride-hailing business and muted holiday outlook.

Uber’s Ride-Hail Bookings, Trips Miss on Overseas Driver Crunch - Bloomberg.com

On Tuesday, the internet and politicians responded in outrage to a New York Times report saying that Google would effectively ban students from accessing Search if their schools banned AI entirely un… [+3785 chars]

Google backtracks on executive's threat that if AI goes, so does Search.

Gizmodo.com

Google Tries to Walk Back Controversial School AI Policy Following Political Backlash - Gizmodo

Remember the rule of three before buying into popular industrial stocks after the postelection, AI backlash wipe out.

GE Vernova, Vertiv, More Industrial Stocks Fall After Democratic Sweep - Barron's

Goldman Sachs Group Inc. and Apollo Global Management Inc. are in talks with Wall Street investors to start selling portions of a roughly $40 billion chip financing deal for SpaceX, just as the AI bo… [+337 chars]

Goldman Sachs Group Inc. and Apollo Global Management Inc. are in talks with Wall Street investors to start selling portions of a roughly $40 billion chip financing deal for SpaceX, just as the AI boom braces for upheaval following a sweeping Democratic victo…

Goldman, Apollo in Talks to Sell SpaceX’s $40 Billion AI Deal - Bloomberg.com

E.l.f. Beauty on Wednesday blew past Wall Street expectations as it posted a 51% increase in net sales in its second fiscal quarter.
The beauty company said it saw its 31st consecutive quarter of ne… [+2852 chars]

E.l.f. Beauty posted stronger-than-expected quarterly results on Wednesday as the company continues to see broad-based growth across its portfolio.

E.l.f. Beauty posts 51% sales increase, raises full-year guidance - CNBC

Gold jumped on Wednesday, but investment pros have doubts about whether it can hold on to those gains once the midterm momentum fades.
Copyright ©2026Dow Jones &amp; Company, Inc. All Rights Reserve… [+34 chars]

Gold got a big boost from the midterm elections. So did gold mining stocks. Can the rally last?

Gold Prices Are Above $4,000 After Democrats Win Big in Midterm Elections - Barron's

<ul><li>Wednesday's price drop around $8 per barrel deepened after Vance posted on X that "everyone knows" the war is why Republicans got pummeled and "any honest conversation about where we go from … [+1207 chars]

Traders are weighing signs that the midterm results will add pressure to end the war.

Axios

Oil prices plunge after Vance post on Iran war - Axios

To accomplish any of these goals, the country will need a significant number of pieces of equipment whose design was invented in the late 19th century: large power transformers. These giant metal str… [+6228 chars]

Between 2019 and 2025, demand for generator step-up transformers, those that connect power plants to the transmission grid, nearly tripled.