Welcome to Staten News — where the same fight over power and permits showed up in the Nasdaq, the chip stocks and every earnings call that should have been a victory lap.
💰 Finance
Thursday was the worst day for all three major averages since April 2025: Dow down 1,833 points, S&P 500 down 4.36%, Nasdaq down 5.52% and in correction.
The Nasdaq lost $2.5 trillion in market value in one session, the largest one-day drop in its history, per WSJ figures cited by TheStreet.
Nvidia fell 9.26% to $181.60, shed more than $440 billion and is now down 2.6% for the year.
The trigger was political: Democrats won by running against data centers, and UBS sees about 30% of 2028 data center additions at risk.
Traders put about a 70% chance on a quarter-point Fed hike on December 9, per CME FedWatch via CNBC.
The October jobs report is due at 8:30 a.m. today, with consensus at 59,000 jobs and 4.2% unemployment.
Airbnb beat on earnings and revenue and jumped 11% after hours.
Full story: The Nasdaq Lost $2.5 Trillion in One Day
🏈 Sports
The Jaguars beat the Ravens 33-10 on Thursday night, moving to 6-2 and dropping Baltimore to 4-5 with a fourth straight loss.
Baltimore played without Lamar Jackson and Tyler Huntley, and undrafted rookie Joe Fagnano went 10-of-18 for 60 yards and two picks in his first start.
Trevor Lawrence went 16-of-26 for 242 yards and a 50-yard touchdown to Parker Washington, with no interceptions.
Derrick Henry passed LaDainian Tomlinson for seventh on the all-time rushing list.
Golden State beat Miami 120-100 behind 29 from Steph Curry, and Phoenix beat Orlando 117-104 behind 30 from Devin Booker.
Week 9 lines from CBS: Chicago -6.5 over Tampa Bay on Sunday night, Buffalo -3.5 at Minnesota on Monday, Cincinnati -3 over Atlanta in Madrid.
The Jets are 10-point underdogs at Kansas City.
Full story: The Ravens Ran Out of Quarterbacks
💻 Tech
Arm beat estimates with $1.44 billion in revenue and guided slightly above consensus, then fell 13.08%.
Palantir grew revenue 96% to $2.31 billion and fell about 10% as bookings grew just 6%.
Qualcomm lost 9.49% after a 26% drop in handset revenue and an underwhelming profit forecast.
Microsoft won’t exercise an option to more than double its Nscale deal in Texas, per Reuters, though the source says that call came months ago.
Memory got hit hardest: Sandisk down 22.26%, Micron down 17.46%, Western Digital down 17.35%.
The Philadelphia Semiconductor Index fell 12.3%, its worst day since March 2020.
Full story: Arm Beat Estimates and Fell 13%
🃏 TCG
Delta Reign released today, with the Elite Trainer Box at $103.18 against a $49.99 MSRP, down 10% since October 19.
The Booster Box is $222.95, about 38% above the $161.64 implied by pack MSRP.
Two chase cards account for roughly $47 of expected value per box on estimated pull rates, and that counts only those two cards.
Mega Rayquaza ex Special Illustration Rare (#138) has five sold listings since November 4, rising from $383 to $449, per NerdSnack.
The gold Mega Hyper Rare (#141) has no sales yet and a cheapest listing of $395.
The 30th Celebration Ultra-Premium Collection [Night] is $419.44, down 27% in a week from $575.
Next dates: Build & Battle on November 20, then 30th Celebration tins and the Binder Collection on December 4.
Full story: Delta Reign Is Out Today
This is not financial advice. Always do your own research.
Stay sharp. Signal over noise. — The Bandicoots 🔥