FirstFT: Wall Street sheds $3.2tn as Democratic midterm landslide upends AI bet

In a significant market shift, Wall Street witnessed a staggering $3.2 trillion loss as the Democratic landslide in the midterm elections shook investor confidence, particularly in AI-related investments. Adding to the turbulence, China has thwarted SoftBank's proposed $5.4 billion acquisition of ABB’s robotics division, and Blue Origin has postponed its launch plans until 2027. These developments highlight the complex interplay between global politics, market sentiment, and technological advancements, underscoring the need for investors to navigate these shifting dynamics carefully. For more details, check out the full article on the Financial Times website.