Amazon Announces More Than 550 Full-Time Jobs for Glen Rose Data Center Project
Amazon (AMZN.O) said its Glen Rose data center project will create at least 550 full-time jobs, with salaries significantly above the county average, according to CoinDesk.
Market snapshot from CoinMarketCap: BTC $75,595.39, down 6.29% in the past 24 hours; ETH $2,227.33, down 8.56%; XRP $1.216, down 7.26%; BNB $686.97, down 4.81%; SOL $89.541, down 6.73%; TRX $0.31789, down 0.55%; DOGE $0.07151, down 7.77%; HYPE $76.838, down 8.70%.
U.S. stocks sold off sharply on Thursday, with technology shares hit hardest. The Dow Jones Industrial Average, S&P 500 Index and Nasdaq Composite Index fell as much as 2.38%, 3.57% and 5.35%, respectively. The Philadelphia Semiconductor Index dropped as much as 11.6% as selling concentrated across the AI hardware supply chain.
Kodiak AI Inc. reported third-quarter revenue of $2.969 million, above the I/B/E/S estimate of $2.47 million, according to Reuters.
CME FedWatch showed a 31.3% probability that the Federal Reserve will hold rates steady in December and a 68.7% probability of a 25-basis-point hike. By January, the probability of holding steady is 27%, a cumulative 25-basis-point hike is 63.6%, and a cumulative 50-basis-point hike is 9.5%.
Friday financial calendar highlights: 08:00, Dallas Fed President Logan participates in a discussion on AI and labor; 09:20, the Shanghai Stock Exchange SciTech Innovation Chip ETF launches on the Hong Kong Stock Exchange; 15:00, Germany September industrial production; 17:30, New York Fed President Williams takes part in a European Central Bank-organized discussion in Germany; premarket, Moderna releases earnings; 19:00, Swiss National Bank Executive Board member Kuhn speaks in Frankfurt, Germany; 20:15, Bank of England Chief Economist Pill speaks; 21:30, U.S. October nonfarm payrolls and Canada October employment and unemployment rate; 22:10, St. Louis Fed President Muessel speaks; 23:00, initial U.S. November University of Michigan Consumer Sentiment Index; next day 01:15, Fed Governor and Vice Chair for Financial Supervision Bowman speaks; next day 02:00, San Francisco Fed President Daly interviews with CNBC; next day 04:00, U.S. September consumer credit; Saturday, time TBD, China October foreign exchange reserves; Saturday, time TBD, Bank of Japan Governor speaks in Washington, D.C.
Crypto: El Salvador bought one more Bitcoin, bringing its strategic Bitcoin reserve to 7,827 BTC, valued at about $593.4 million, CoinDesk reported.
Powerus Corporation disclosed in an SEC filing that, as of November 5, 2026, it had generated $130 million in revenue from executed orders and contracts.
Kimco Realty Corp. said subsidiary Kimco Realty OP LLC will issue $600 million in convertible preferred notes with a 3.50% coupon in June 2026, maturing in 2031, according to SEC filings. Kimco also registered 26.25 million shares of common stock for resale.
Weak U.S. stocks drove a flight to safety. CoinJournal, citing FirstSquawk, reported that weak outlooks from Qualcomm and ARM intensified selling pressure and pushed investors into safe-haven assets. U.S. Treasury yields fell 6 basis points to 4.83%, Bitcoin dropped 5.4% to $75,810, and oil rose 2.7% to $90.54 per barrel.
U.S. Secretary of State Rubio denied reports that he planned to leave the Trump administration and declined to comment on the 2028 election, according to the New York Times. Rubio, who also serves as National Security Advisor, said working for President Trump until the end of his term has always been his plan. He declined to say whether he is considering a 2028 presidential run.
Bitcoin miner turned AI cloud provider Iren (NASDAQ: IREN) reported fiscal first-quarter 2027 results for the period ended September 30, 2026. Total revenue rose 66% quarter over quarter to $228 million. AI cloud revenue surged 182% quarter over quarter to $2 billion, with an 86% gross margin. Bitcoin mining revenue fell from $67 million in the prior quarter to $28 million. The company reported a net loss of $263 million for the quarter; adjusted EBITDA in the previous quarter was $66 million. Contracted backlog rose 22% quarter over quarter to $20.3 billion, with contract commitments and funding secured to surpass its annualized recurring revenue target of more than $4 billion. Customer design adjustments and supplier delivery timelines delayed the realization timeline from the end of 2026 to January 2027, potentially into February. After the quarter closed, the company signed a five-year AI cloud services contract priced at about $22 million per megawatt, with the customer prepaying 90% of GPU capital expenditure.
U.S. Defense Secretary Hegseth faces mounting impeachment pressure and has vowed a firm counterattack. After Democratic gains in the U.S. midterm elections, several lawmakers said they would push for impeachment proceedings. Hegseth released a video on social media accusing Republican Representative Thomas Massie and his Democratic allies of introducing baseless impeachment articles, calling the move politically motivated personal attacks that will not affect him. Massie first introduced impeachment articles against Hegseth in September and said he will revive the effort unless Hegseth resigns.
Mettler-Toledo International management expects sales growth of about 5% in local currency by 2027, based on an assessment of current market conditions.
Trump commented on Iran at the White House, saying many things will happen soon and many initiatives are being prepared. He said he does not wish to destroy the rest of Iran if possible but may have no choice. He emphasized that Iran cannot do anything without U.S. approval and that the U.S. is fully prepared to act at any moment. Trump said a war with Iran is not a traditional war but an occupation.
