The main headlines that caught the attention of global financial media last night and this morning are:
On November 4th local time, U.S. President Donald Trump stated that he did not say that the war with Iran would end immediately after the U.S. mid-term elections. Trump said, "The war with Iran will end when I want it to," and the end of the war with Iran must be the right one.
Trump admitted that his electoral defeat was largely due to the conflict with Iran, and stated that if he had the chance again, he would make the same decision. Trump emphasized that Iran must not be allowed to possess nuclear weapons.
U.S. Vice President JD Vance stated that he believes the dissatisfaction of voters with the Iran war and U.S.-Israel relations is the reason why Democrats are able to seize control of Congress in the midterms.
"Our defeat was in this war," Vance wrote in a lengthy post on social media on Wednesday.
Wans cited a poll expert who stated that there are four reasons why voters who supported Trump in 2024 have now turned to support the Democratic Party. One of these reasons is the desire to "end the wars," and another is the demand for the United States to "change our relationship with Israel."
Qualcomm's quarterly earnings announced on Wednesday were better than Wall Street's expectations, but its profit guidance fell short of expectations. The stock fell 6% after the market closed.
For the current quarter, Qualcomm expects earnings per share to be between $2.15 and $2.35, with revenue ranging from $10.4 billion to $11.2 billion. Analysts previously anticipated earnings per share of $2.27 and revenue of $10.48 billion.
The majority of Qualcomm's chip sales come from system-on-chip for smartphones and modems. This market is currently in turmoil as rising memory costs force smartphone manufacturers to raise prices, thereby damaging demand. The company's overall revenue decreased by 8% year-over-year.
Arm Quarterly revenue outlook meets expectations, with data center business helping to withstand the sluggish smartphone market
Arm The revenue outlook for this fiscal quarter met analysts' expectations, indicating that the company's efforts in entering the data center chip market are helping to offset the impact of the sluggish smartphone market.
Arm is expected to achieve revenue of approximately $1.54 billion for the fiscal quarter ending December. Analysts' average estimate is $1.53 billion, with some forecasts approaching $1.7 billion.
Data center operators and their suppliers have rapidly increased their spending on the design and licensing of Arm chips. This surge in demand has helped to offset the impact of the decline in the smartphone industry. For a long time, smartphone chips have been the largest source of revenue for Arm.
After the performance announcement, the stock price of Arm fell during after-hours trading. As of the close on Wednesday, the stock had risen by more than 75% this year.
As the Democratic Party gained control of the Senate, Trump's attempts to reshape the Federal Reserve and make interest rate policy align with his wishes encountered a strong obstacle.
The shift in control of the Senate represents a major political transformation, which was once considered unlikely to occur. This effectively blocks the White House's path to confirm candidates loyal to Trump to the Federal Reserve Board, which consists of seven members, and also deprives the Trump administration of its most direct means to further strengthen control over the U.S. central bank.
After the Democrats gain the majority, Massachusetts Senator Elizabeth Warren may become the chair of the Senate Banking Committee. This means that the committee responsible for overseeing the Federal Reserve will be led by Warren, and it is expected that she will prevent any nominee who is considered to be too compliant with administrative pressure from advancing.
The person who caused the Republican Party's defeat in the midterms stepped forward on Tuesday evening, insisting that they should not be held responsible for this outcome.
"My name is not on the ballot," U.S. President Donald Trump posted on social media. "If my name were on the ballot, we would win by a landslide."
However, upon looking around, the name of Trump is engraved on every brick. It was his initiation of the war against Iran that drove up gasoline prices in the United States, and it also caused dissatisfaction among those voters who supported him because he promised not to get involved in foreign conflicts anymore. In addition, accusations of the president and those around him abusing their power for personal gain, as well as Trump's obsession with making the White House resplendent with gold and splendor, have made voters who wish they could spend every penny twice over feel disgusted. In deeply red states such as Texas and South Carolina, the senatorial candidates personally selected by Trump are so unpopular that the Democratic Party has achieved victory there for the first time in decades.
Responsible Editor: Ding Wenwu
