Alphabet's worst day, GDP grows 3.4%, Intel sinks, Hormuz mines

Alphabet sinks 12.6% in its worst day ever, erasing about $500 billion as the Nasdaq falls 1.38%

US economy grows 3.4% in the third quarter, beating forecasts as computer equipment investment jumps 37.4%

The Bureau of Economic Analysis said on October 29 that real GDP grew at a 3.4% annual rate in the third quarter. Economists polled by Reuters expected 3.2%, and the second quarter ran 2.2%.

Intel sinks about 17% after hours as fourth-quarter guidance of $15-16 billion trails estimates

Intel reported third-quarter revenue of $16.5 billion and adjusted EPS of $0.52 on October 29, beating estimates. But it guided fourth-quarter revenue to $15 billion to $16 billion and EPS to about $0.25.

Iran's Guards say three tankers hit mines in Hormuz as Vance's letter seeks to restart talks

Iran's Revolutionary Guards said on October 29 that three oil tankers struck mines and caught fire in the Strait of Hormuz over the prior 24 hours. Iran named no ships and gave no casualties.

Hegseth fires Lt. Gen. Brett Sylvia, the Joint Staff's top planner, over alleged Iran and Ukraine leaks

Defense Secretary Pete Hegseth fired Army Lt. Gen.

Alaska's governor orders a probe into an alleged spoiler scheme in the Senate race as 50,000 ballots are cast

Alaska Gov. Mike Dunleavy on October 29 directed the state Department of Public Safety to investigate Democrat Mary Peltola's Senate campaign.

Twelve European countries pledge to release 42.6 million barrels of reserve oil by January, about half diesel

Twelve European countries pledged to release 42.6 million barrels of strategic oil by the end of January 2027, about 20.5 million of it diesel. France, Germany and Italy lead.

CDC will require every US-bound traveler to sign an Ebola statement from November 3 as airlines seek a delay

From 11:59 p.m. on November 3, everyone flying into or connecting through the US must sign a statement that they have not been in the Democratic Republic of the Congo in the past 21 days, the CDC says.

Rep. Young Kim asks Rubio to raise China's travel advisory to Level 3 over wrongful detentions

Rep. Young Kim, chair of the House Foreign Affairs East Asia and Pacific Subcommittee, wrote to Secretary of State Marco Rubio on October 29.

Patrick Stewart, Star Trek's Captain Picard and X-Men's Professor X, dies at 86

British actor Patrick Stewart died on October 28 at his Los Angeles home at 86. His family said in a statement on October 29 that he had Alzheimer's disease and Lewy body dementia.

Pew finds only 5% of Americans accept AI deciding insurance claims alone, and 60% are uneasy with AI diagnoses

A Pew Research Center survey released October 29 found only 5% of Americans say AI should decide insurance claims on its own.

Waymo adds nearly 250 square miles of robotaxi service in five metros as weekly paid rides top 500,000

Waymo said on October 27 it will add nearly 250 square miles across five existing markets within a week: Los Angeles, Nashville, Orlando, San Diego and the San Francisco Bay Area.