Sunday, November 8, 2026
The Daily Brief →Earnings
Berkshire Hathaway Earnings: Q3 Operating Profit Down 6%, Nine Months Up 8% to $37.0B
Nine-month operating earnings rose 8% to $37.0 billion as rail, energy and manufacturing carried the group, while a cooler insurance business and smaller investment gains cut third-quarter profit.
Nov 7, 2026 · 4 min read
Nasdaq Falls 5.3% Into Correction Territory as Chip Stocks Lead a Broad Selloff
Markets Wrap
Semiconductors
Research. The Election Was the Match, Not the Fuel: Thursday's Chip Crash
By Niraj Neupane · Nov 7, 2026
Earnings
Qualcomm Posts $10.44B Revenue as Auto Chips Jump 89%; Arm Sales Rise 27%
JOLTS
Job Openings Jump to 7.5 Million in September as Quits Surge to 3.4 Million
Earnings
Earnings Today: AMD, Super Micro and Arista Report After the Close on Election Day
Politics
2026 Midterm Elections Explained: 435 House Seats, 35 Senate Seats and Control of Congress at Stake
Markets
ⓘ Delayed data, not real-time. Where our data comes from
Rates
Nov 5| Fed Target | 3.75–4.00% | |
|---|---|---|
| Fed Funds Eff. | 3.88% | |
| SOFR | 3.92% | |
| U.S. 3-Month | 4.17% | ▼ 4 bp |
| U.S. 2-Year | 4.46% | ▼ 12 bp |
| U.S. 10-Year | 4.84% | ▼ 6 bp |
| U.S. 30-Year | 5.25% | ▼ 3 bp |
Currencies
Nov 6| EUR/USD | 1.1165 | ▼ 0.53% |
|---|---|---|
| GBP/USD | 1.3385 | ▼ 0.55% |
| USD/JPY | 158.33 | ▼ 0.08% |
| USD/CNY | 6.6713 | ▲ 0.04% |
| USD/INR | 93.92 | ▼ 0.59% |
| USD/CAD | 1.4066 | ▲ 0.72% |
| USD/CHF | 0.8189 | ▲ 0.12% |
Rates: U.S. Treasury constant-maturity yields (Federal Reserve H.15, via FRED) and New York Fed reference rates, latest published. Currencies: European Central Bank reference rates. Changes are against the prior reading; rates in basis points.
Research
All research →
With Immense Power Comes the Ledger: What the New Democratic Congress Promised, What Flipped-State Voters Need, and the Gap Between Them
Democrats won both chambers on affordability and healthcare. Their stated agenda matches the flipped farmer vote on ACA premiums, Medicaid and tariffs in intent — and has no named programme yet for fertilizer, diesel or farm credit. And the most urgent farm deadline is decided by the outgoing Congress, before the new gavels are seated on January 3.
Nov 5, 2026 · Kanchan Sharma
Midterms 2026
Iowa Farm Country Decided Control: Turek Beats Hinson, and the Senate Flipped With the Soy Market
An open seat, a harvest run on expensive diesel, a soybean market hit by tariffs — and the race AP called at 11:35 p.m. that gave Democrats the Senate. The numbers behind the flip, and what the new Agriculture Committees can and cannot deliver from January 3.
Midterms 2026
Kansas: The Farmer Flip — Hamilton Ends a 94-Year Drought on a $737,375 Farm Ledger
The Preisser family of Sylvia, Kansas itemised it on paper for CBS News: $514,625 more for fertilizer, $187,000 more for diesel, and $325,000 less in revenue. Fertilizer up 15.3 percent nationally, no Farm Bill after a two-year wait, and a first-ever Democratic vote from the man who started the farm. Kansas also kept the counterpoint in the same story — not every farmer under the same pressure flipped.
Midterms 2026
Maine: Heating Oil Above $6, a Canada Tariff Waiver on October 23, and the Seat Susan Collins Still Lost
Troy Jackson, a fifth-generation logger, ousted a five-term senator in a state where 54% of homes heat with oil. The waiver exempted nine farm categories four days before the election — and the same order added other tariffs. What the record shows, and what it does not.
Midterms 2026
North Carolina: Roy Cooper Wins the Senate Seat Democrats Last Won in 2008, on One Promise — Make Stuff Cost Less
The first flip of election night, called at 8:23 p.m. A former governor who expanded Medicaid to more than 700,000 people beat a former party chairman who had never held office, by roughly twenty points. The money, the healthcare fight, and the margin, in numbers.
From the Street
We walk the blocks we write about.
Financial Gurkha operates from New York City. Most articles are researched and written from Wall Street and the surrounding Financial District — on the ground, at least twice a week.
On the doorstep of 14 Wall Street
Wall St, Financial District
Morning coffee before the open
Financial District
Street art on the subway map
Lower Manhattan
The W that means Wall Street
Wall St Station · 4/5 Line
Looking up from the canyon floor
William St · Financial District
The bull, behind glass
Merrill · Financial District
Built like a cathedral, because money was a faith
Financial District
Where the street sign is the job description
Exchange Pl · Financial District
The Charging Bull, twelve to a table
Broadway · Financial District
Insured, and cast in steel so you know it
Financial District
Rush hour at the corner of money
Financial District
The glass canyons of Water Street
Water St · Financial District
Old stone, new glass, same street
Bowling Green
Up from the station, into the story
Wall St Station
Every Wall Street story starts at a turnstile
Wall St Station
The last flight of stairs before the open
Financial District
The canyon, flying its flag
William St · Financial District
Fuel for the floor
Financial District
Yesterday's office tower, tomorrow's apartments
Financial District
The morning bus down the canyon
Financial District
The other exchange on the block
New York Wine Exchange · FiDi
Four centuries, one bronze plaque
1 Broadway
The whole world, painted on a bank wall
Financial District
The fine print of trust
Financial District
The hall where the money used to queue
Financial District
FiDi sky, framed in towers
Financial District
Where the bad weeks end up
US Bankruptcy Court · SDNY
'No Waiting!' Wall Street was always impatient
Financial District
Washington, still holding Union Square
Union Square
29 postcards from the Street