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Delayed 15 min · 12:42 GMT

FLASH

Germany’s gas storage hits a record low of 61% as winter arrives Korea’s chip exports jump 259% as October shipments hit $115.3B Oil at $110: will talks, the status quo or strikes set the next move? The 49.3 Problem: China’s factories shrink as its carmakers sell abroad Week ahead: US midterms, two rate hikes, jobs data and AI’s next earnings test Weekend Wrap part 2: Record profits, Falling Stocks - and Nervous AI Investors Weekend Wrap 1: The AI bill nobody fully counted: Bangladesh, World's no.2 apparel exporter, forms garment wage board after protests shut 43 factories FBI pins $6.3B Binance heist on North Korea; withdrawals restart Exxon earns $15.4B, Chevron $9.9B as refining boom lifts Big Oil

Germany’s gas storage hits a record low of 61% as winter arrives Korea’s chip exports jump 259% as October shipments hit $115.3B Oil at $110: will talks, the status quo or strikes set the next move? The 49.3 Problem: China’s factories shrink as its carmakers sell abroad Week ahead: US midterms, two rate hikes, jobs data and AI’s next earnings test Weekend Wrap part 2: Record profits, Falling Stocks - and Nervous AI Investors Weekend Wrap 1: The AI bill nobody fully counted: Bangladesh, World's no.2 apparel exporter, forms garment wage board after protests shut 43 factories FBI pins $6.3B Binance heist on North Korea; withdrawals restart Exxon earns $15.4B, Chevron $9.9B as refining boom lifts Big Oil

Industries

Intel crashes 29% in worst day since 1974, wipes $140B

A Q3 beat was buried by a weak Q4 outlook, an Israel fab shutdown and a PC slump

News | 31 October 2026

Intel crashes 29% in worst day since 1974, wipes $140B

Intel closed at $65.76 on 30 Oct, down 28.58%, its steepest one-day fall since 1974, wiping roughly $140B off its market value.

Q3 revenue rose 21% to $16.5bn and non-GAAP EPS jumped 126% to $0.52. But Q4 guidance of $15–16bn revenue and $0.25 EPS fell well short of Street estimates of $17.1bn and $0.43; an accident at its Israel factory caused an extended shutdown that will cut server chip shipments.

BofA downgraded the stock to Neutral and cut its target from $145 to $100.

The chipmaker beat third-quarter estimates, but investors fixated on what comes next:

A factory accident in Israel has shut production long enough to dent server chip shipments, while soaring memory prices are squeezing PC demand. The 28.6% drop erased about $140 billion in value and triggered a wave of downgrades. The stock is still up sharply for 2026, but has now given back about half its value since its June peak.