Intel rout, Fed hike talk, Ukraine Patriots, FCC bars Chinese labs

Intel closes down 28.6% in its worst day in decades as the Nasdaq sinks 2.86%

Dallas Fed's Logan wants at least two more hikes as Musalem urges acting soon

Dallas Fed President Lorie Logan said October 30 the Fed needs at least two more quarter-point hikes. St.

Gold sinks to a one-year low near $3,910 as silver breaks below $50 and Brent tops $113

Spot gold fell about 2.7% on October 30 to near $3,910 an ounce, its lowest since October 2025. Silver dropped about 5.8% to $49.34, its first break below $50 since November 2025.

State Department approves a $2.1 billion sale of 500 Patriot interceptors to Ukraine, paid by allies

The State Department on October 30 approved a possible $2.1 billion sale of 500 Patriot PAC-3 MSE interceptors to Ukraine. Partners and allies will cover the full cost, the department said.

Trump says the Iran war will end soon as a Qatari draft seeks Hormuz reopened within seven days

Trump said October 30 the Iran war will end very soon, Iran wants to talk, and the US has time. Qatari mediators flew back to Doha from Tehran that day.

FCC votes to bar all Chinese labs from testing US electronics, after 82% of devices were tested in China

The FCC voted October 29 to bar all Chinese labs from testing electronics for the US market. The ban covers smartphones, cameras and computers and takes effect in December 2028.

Germany's Steinmeier presses Xi to shrink China's roughly €90 billion trade surplus with Germany

German President Frank-Walter Steinmeier met Xi Jinping in Beijing on October 30 and pressed him to narrow China's trade surplus. Germany's deficit with China was about €90 billion last year.

Early votes top 46 million, passing all of 2022, as Trump adds Sunday rallies in Iowa and Kansas

More than 46 million Americans had voted early as of October 30, the University of Florida Election Lab counts. That passes the roughly 45.9 million early votes in the entire 2022 midterm, a midterm record.

DOJ serves grand jury subpoenas on election officials in at least four California counties for unredacted records

The Justice Department has subpoenaed election officials in at least four California counties for unredacted voter records. The requests cover registration, address, voting history and citizenship status.

Amazon spends $77.3 billion in a quarter, free cash flow turns negative, and it adds an $80 billion line

Amazon spent about $77.3 billion on capex in the third quarter, 32% above the roughly $58.7 billion expected.

NYC's AI pilots would reach up to 50,000 high schoolers as parents and students rally for a wider ban

Mayor Zohran Mamdani and Chancellor Kamar Samuels banned student-facing generative AI for grades 2K through 8 this school year.

JPMorgan, Citi, BofA and Schwab curb outside AI agents as Wells Fargo makes customers liable from November 24

JPMorgan Chase, Citigroup, Bank of America and Charles Schwab moved within one week in mid-October to stop outside AI agents from moving customer money.