Chip Rout, Trump Weighs Iran, Dhillon Exits, Joshua Wong Jailed

Dow sinks 1,833 points to 51,523 as the Nasdaq drops 5.52% into a correction, its worst day since April 2025

Philadelphia chip index plunges 12.25%, its worst day since March 2020, as SanDisk falls 22% and Micron and AMD drop about 17%

The Philadelphia Semiconductor Index plunged 1,257.52 points, or 12.25%, to 9,011.14 on November 5, its worst day since March 2020. SanDisk sank 22% after a 7% drop the day before.

Trump says an Iran decision is coming 'soon' after meeting his national security team, weighing strikes, pressure or a deal

After meeting national security advisers on November 5, Trump said he would 'soon' decide whether to resume full-scale war with Iran.

DOJ civil rights chief Harmeet Dhillon resigns, saying she quit three weeks ago and waited until after the midterms

Attorney General Todd Blanche confirmed on November 5 that Assistant Attorney General Harmeet Dhillon has resigned as head of the Civil Rights Division.

UK paper says Rubio is preparing to quit for a 2028 run; the State Department calls it baseless fake news

Britain's The Independent reported on November 5, citing anonymous sources, that Secretary of State Marco Rubio may resign after the midterms to prepare a 2028 Republican primary run against Vice President JD Vance.

Hegseth lets DC National Guard use up to 60 patrol cars, Humvees and two boats, with troops capped at 3,500

Defense Secretary Pete Hegseth signed an October 29 memo, obtained by AP on November 5, letting the DC National Guard use up to 60 marked patrol cars, tactical vehicles such as Humvees, up to 20 light towers and two patrol boats through year-end.

Newsom commutes all 548 California death sentences to life without parole, overriding voters who kept capital punishment in 2016

California Governor Gavin Newsom announced on November 5 that he will commute all 548 of the state's death sentences, 529 men and 19 women, to life without parole, the largest mass commutation in US history.

Hong Kong court jails Joshua Wong for 10 years for 'colluding with foreign forces,' keeping him in prison until 2036

Hong Kong's High Court jailed Joshua Wong for 10 years on November 5 for conspiracy to collude with foreign forces. The judge started from 13 years and cut it for his guilty plea.

Papua New Guinea police confirm a 32kg 130mm shell found in a container, which China's embassy called a wine bottle

Papua New Guinea's police commissioner confirmed that a 32-kilogram object found in a shipping container in Port Moresby is a 130mm military artillery round.

Cleveland Fed's Hammack says rates must reach restrictive territory and favors more frequent, smaller hikes

Cleveland Fed President Beth Hammack said in a November 5 speech in Zurich that policy must move to a restrictive stance to return inflation to 2% in a timely way.

Google commits $17 billion to its first Wyoming data center and pledges to pay all its power and grid costs

Google announced on November 5 a $17 billion data center in Laramie County, Wyoming, its first in the state.

Claude launches Personal Finance, linking bank accounts read-only through Plaid to track two years of spending and fees

Anthropic launched Personal Finance in Claude as a US beta on November 5 for Pro, Max and Ultra subscribers. Users sign in to their bank through Plaid to grant read-only access.