Headlines · 2026-11-03

Apple reported fiscal fourth-quarter revenue of $114.48 billion, above expectations of roughly $113.4 billion, with EPS of $2.10 versus about $2.00 expected. iPhone revenue came in at $57.58 billion against a $56.48 billion estimate, while Services at $31.57 billion was roughly in line.

Greater China was the weak spot: revenue of $17.54 billion rose 21% year over year but fell short of estimates ranging from $18.55 billion to $18.75 billion. Wearables, Home and Accessories brought in $8.30 billion, below the $9 billion consensus.

CFO Kevan Parekh said the company generated $28 billion in operating cash flow and returned $28 billion to shareholders in the quarter. CEO John Ternus called it a September-quarter record for iPhone and an all-time high for Services. Oppenheimer kept a Perform rating ahead of the print, flagging valuation limits.

Shares drifted lower despite the top- and bottom-line beats, underscoring investor sensitivity to regional mix as AI and memory names face bubble-related pressure and tech money rotates.

Anthropic reported third-quarter revenue of $17.0 billion as of Sept. 30 in an amended Form S-1 filed with the SEC on Monday, up about 1,127% from a year earlier and 47% from the second quarter. Operating loss was $567 million, compared with a $974 million profit in Q2; adjusted operating income was $2.5 billion at a 15% margin, down from 19%.

Net loss widened to $23.3 billion from $12.1 billion a year earlier. The company said its net loss for the first nine months reached $104 billion, mostly from $94.3 billion in noncash charges as its convertible notes rose in value, and it disclosed about $895.4 billion in purchase and lease commitments, largely for AI compute. Nine-month revenue was $33.24 billion.

Ahead of a potentially record-breaking IPO, the figures are feeding into how investors price the company. According to X signals, Anthropic's pre-IPO perpetual on Liquid is down more than 15% over the past month, wiping hundreds of billions from its implied valuation.

Coverage in the newsroom's library frames the IPO against Meta's 2012 debut, when the stock fell more than 50% in its first four months, while a separate report said Artificial Analysis's revamped ranking widened the gap between top closed and open-weight models.

Disney is moving toward thousands of job cuts, with some managers asked to target 20% in annual cost savings, according to Bloomberg, which cited people familiar with the matter. The report was relayed by Reuters and by multiple market accounts on X.

The savings would come through layoffs and other spending reductions, and CEO Josh D'Amaro plans to put part of the money back into film, television, technology, theme parks and cruises, according to the reports. MarketWatch noted the stock did not move meaningfully on the day the reports circulated.

Invezz reported that the cost-cutting push comes alongside Disney's forecast of double-digit adjusted earnings growth. Disney has not publicly commented on the reported plans, and the details rest on people familiar with the matter.

美国中期选举于11月3日投票。据多家机构统计，自1964年以来标普500指数11月平均上涨约1.6%至2.1%，是全年表现最强的月份；中期选举年11月的平均涨幅更高，韩国投资证券给出的数据是1958年以来上涨概率82%、平均涨幅3.8%。摩根大通私人银行给出的口径是：中期选举周期11月平均回报约2.75%，随后六个月平均约13%。

预测市场方面，民主党赢得参议院的概率被报在72%，民主党同时拿下两院的概率被Axios引述为73%——这是预测市场概率，不是民调结果。CNBC报道称，市场尚未对“蓝色横扫”充分定价，摩根大通预计若民主党横扫，标普500周三可能下跌约0.5%；若共和党保住参议院，则可能上涨最多1%。

板块层面已出现抢跑：太阳能股Nextracker涨15.6%、Enphase涨11.5%、Sunrun涨10.5%、Array Technologies涨8.9%、First Solar涨5.8%；电动车股Rivian涨11.8%、Lucid涨8.8%、特斯拉涨3.5%。市场逻辑是民主党掌控国会后，数据中心限制与国防开支约束的阻力会减小，这被认为对AI交易和国防股构成压力。

反方观点同样有数据支撑。BTIG指出，中期选举年标普500下半年通常出现约14%的回撤，而2026年最深回撤仅9%，是中期选举年平均水平的一半；“11月表现好，往往是因为选前走弱，今年恰好相反”。Nuveen的Laura Cooper也表示，股市已提前上涨较多，今年可能不同。

Mercado Bitcoin, Brazil's largest crypto exchange, said it will absorb roughly $38 million in losses after attackers drained hot wallets across at least 10 blockchains early on Nov. 2. In an update on its help center, the exchange said about $11 million has been frozen with help from Tether, Circle, BRL1, Paxos and Chainalysis, and that no customer will lose assets. The transfers were ordinary transactions rather than a smart-contract exploit; how the attacker obtained signing access remains unknown. A report relayed by security firm Opsek put the heaviest outflows between 06:19 and 06:53 UTC. Arkham analyst Emmett Gallic said the attacker was sweeping older deposit addresses and selling memecoins and other altcoins, with the tracked entity holding about $46 million at one point. The breach came days after more than $6 billion was stolen from Binance, an attack the FBI attributed to North Korea's TraderTraitor group. No public evidence links the two incidents, and no attribution has been made in the Mercado Bitcoin case. Mercado Bitcoin has paused deposits and withdrawals and published destination addresses on EVM chains, Bitcoin, Solana, Stellar and Tron to aid tracking. It has not given a timeline for restoring the platform and warned users about fraudulent refund links and calls made in its name.

Aehr Test Systems reported fiscal 2027 first-quarter revenue of $33 million and adjusted EPS of $0.28, both above analyst estimates. The company also raised its fiscal 2027 revenue guidance to $150 million.

Bookings came in around $47 million, a book-to-bill of roughly 1.4x, and effective backlog reached $109.3 million as of November 1, according to the earnings call and follow-up coverage, pointing to expanding demand for wafer-level and package-level burn-in testing.

The stock rose more than 10% after hours and over 15% in premarket trading the next day. Investors are watching whether the post-earnings gain holds.

The company attributed growth to rising burn-in testing demand, though the materials did not detail specific customers or product mix.

President Trump said in an interview on the "Pod Force One" podcast published Monday that he would move to "protect" Elon Musk if Democrats investigate the Tesla and SpaceX chief after the midterm elections. Asked about rumors that Musk could be investigated or have assets seized, Trump said, "It's talk. But if it is talk, we'll have to protect them," adding that he would consider pre-emptive pardons for Musk and staff around him if needed.

The comments landed a day before voting. Musk has spent more than $445 million on this election cycle, including $77 million into his America PAC in the first half of October, according to FEC filings obtained by Bloomberg. Representative Greg Casar, a Texas Democrat on the House Oversight Committee, told Politico last month that the panel needs to scrutinize "the corporations and ultra-rich people who have tried to corrupt our government," naming Musk.

On markets, Tesla (TSLA) is the listed proxy for Musk's business empire; SpaceX is private. Prediction-market traders on Kalshi price roughly a 75% chance that Tesla and SpaceX merge before 2028. Musk recently confirmed on SpaceX's earnings call that independent board committees are exploring a merger, while cautioning that a deal is far from certain.

Citing an analysis by the nonpartisan Democracy Defenders Fund, Forbes reported that Musk's companies have received about $10 billion in government contracts and grants since he left the Department of Government Efficiency, including a $5.9 billion SpaceX contract with the U.S. Space Force. Trump also invoked Biden's pardons for members of the House January 6 committee as precedent.

Anthropic is planning a UK retail share offering alongside its US IPO, according to a Bloomberg report relayed on X by Wall St Engine, Zerohedge, FastStockNews and Investing.com. None of the posts disclosed offering size, timing or underwriter arrangements.

The report lands at a sensitive point in the company's listing process. On Nov. 2, Anthropic released an amended IPO prospectus with third-quarter financials: revenue of about $17 billion, twelve times the year-earlier level, and a net loss of $23 billion. Institutional investors planning to buy shares were reported to favor a more cautious valuation closer to $1.5 trillion after a tech selloff.

A UK retail tranche, if completed, would broaden the AI company's investor base and add a British retail channel to its listing. The plan has not been officially confirmed, and its structure, pricing and execution remain unknown, leaving the practical market impact unquantified.

Anthropic did not publicly respond to the reports. The company's IPO process continues after the amended prospectus disclosed its quarterly results.

Polymarket Perps has launched a pre-IPO perpetual contract on Anthropic ($ANT) offering up to 10x leverage, 24/7 trading and no expiry. According to Cointelegraph, the product is not available to US users.

The launch includes a $50,000 perps trading competition, with Anthropic trades receiving 3x boosted scoring for its duration. Polymarket's own account said users can now trade Anthropic before its IPO.

The move lands amid Anthropic's IPO preparations: the company released an amended prospectus on November 2 with third-quarter revenue of about $17 billion, roughly 12 times the year-earlier figure, and a net loss of $23 billion. Institutional investors, meanwhile, are pushing for a valuation closer to $1.5 trillion.

Pre-IPO perpetuals move a valuation debate normally confined to private markets onto a public order book, giving IPO pricing a real-time reference point. But the exposure is synthetic rather than equity, and US users are shut out, limiting how representative the signal is.

Goldman Sachs has restricted most staff from using advanced AI coding tools after reviewing productivity and risk concerns, Bloomberg reported on Nov. 2. Under internal guidance updated in October, Anthropic's Claude Code and Microsoft's GitHub tools are now largely limited to engineers, after months in which bankers were also allowed to use them.

Some traders were frustrated by the change. According to people familiar with the matter, they had used the tools to speed up work including monitoring client trading flows, modeling market and position changes, and drafting text and visual content. Goldman spokesperson Nick Carcaterra told Bloomberg that the bank gives staff certain AI tools to identify the best use cases, and after an experimental period assessing productivity and risk management, places them with those best suited to use them long term. Quantitative strategists, known as strats, whose work spans trading, quant research and software engineering, are not covered by the restriction, according to a person familiar.

The shift contrasts with earlier messaging. CIO Marco Argenti said in July that non-technical staff, including traders and bankers, were developing solutions through "vibe coding

that were then handed to engineers for further work. But Goldman partner Chris Churchman warned in August that over-reliance on the technology could degrade bankers' reasoning skills, Bloomberg reported. Earlier this year, Goldman was among banks that restricted Claude access for employees in Hong Kong.

Peers are also working out how staff should use AI models. JPMorgan said in July that employees should pick models suited to each task and avoid using the most expensive ones for work such as summarizing analyst reports, according to Bloomberg. Goldman has built its own AI assistant drawing on models from OpenAI, Anthropic and Alphabet. The restriction's financial impact has not been disclosed.