Some funds see flat year-to-date returns as a market rout on Nov 5 compounds industry losses

Legislation was revised this month to broaden its scope

Other big losers included SpaceX’s Elon Musk and Oracle co-founder Larry Ellison

Around 380 staff are affected in the changes, which are part of its transformation efforts

The company, whose solutions help firms manage data, says conversations now revolve around making AI work

Household holdings of government bonds account for less than 1% of their financial assets

The index fell more than 10% from its Oct 6 record-high close, confirming a technical correction

Market and economic conditions overtake AI as top reasons cited for layoffs in 2026

The STI and regional indices recover early losses after a sea of blue grabs Senate and House seats

Democrats are expected to challenge the administration’s priorities, block legislation and launch investigations into the Trump administration