The Dow jumped 3.14%, while oil prices plunged as President Trump and Vice President Vance acknowledged the Iran war's role in the Republican defeat.

The charge, equivalent to 66 cents per diluted share in AMD's earnings reconciliation, arrived as the chipmaker began shipping its new Instinct MI450 accelerators.

Republican losses in the midterms have amplified voices calling for the GOP to abandon Trump loyalism in favor of more "America First" isolationist principles.

Cyberattacks affecting supermarket refrigeration systems across Europe have raised concerns about Russian state-sponsored hackers exploiting outdated remote-control technology in connected appliances.

The new Congress will take office on Jan. 3, giving Democrats control of the committees responsible for overseeing military spending and questioning administration officials about the conflict.

Democrats captured both chambers of Congress in a rare midterm election defeat for President Donald Trump, flipping at least seven Senate seats and ending Republican control of Congress.

Shares of Tesla and SpaceX declined after Democratic victories in Texas, where Elon Musk spent heavily supporting Republican candidates and faced criticism over his companies' influence.

The strategy relied heavily on Trump's 2024 voting coalition, while court battles, shifting Latino support and Democratic counter-maps complicated the GOP's plans.

Americans are pushing back against the rapid expansion of AI infrastructure, with voters approving local restrictions on data centers and newly elected governors promising tougher oversight.

"Everyone knows why we lost. And any honest conversation about where we go from here must start there," Vance said on Wednesday.

Geoffrey Hinton said leading AI executives understand the technology's dangers but prioritize profits, warning that a serious incident could force governments to impose stronger safety controls.

Congress has 37 days to resolve federal funding disputes before the Dec. 11 deadline, with Democrats' election gains complicating negotiations over spending, grants and healthcare.