Google Backstop Gives TeraWulf’s AI Data Center Deal an Unusual Ownership Twist

American Bitcoin reported a sharp third quarter profit rebound, helped by a large accounting gain on digital assets. Revenue missed expectations as bitcoin output slipped and summer power costs lifted mining expenses.

Global markets moved into risk-off mode after Democratic Midterm victories in both chambers raised fresh questions around regulation and the durability of the AI-led equity trade. Traders are also focused on eurozone CPI and US ISM services data, with bonds, the dollar and oil all reacting to shifting policy and macro expectations.

Oil prices fell sharply after the U.S. midterm election strengthened expectations that Washington could pursue a peace deal with Iran. WTI is testing the $87 area, while Brent faces downside risk toward $90 if bearish momentum persists.