Business & Markets — November 4, 2026

AMD posts record quarter. AMD reported $13.4 billion in Q3 revenue on strong AI chip sales, its largest and most profitable quarter ever, CEO Lisa Su said. Shares rose 8%.

The Verge attributed the results to the company’s data center business, where demand for processors used in artificial intelligence workloads has driven growth. The quarter marked a milestone for the chipmaker, which Su described as its best ever by both revenue and profitability, and investors responded by pushing the stock up 8% following the report.

The Verge · Read more ↗

Novo Nordisk raises outlook. Novo Nordisk beat Q3 earnings expectations and raised guidance as sales of its new Wegovy weight-loss pill exceeded estimates. Shares rose 6% Wednesday.

CNBC Top News · Read more ↗

Canva cuts 22% of workforce. Canva CEO Melanie Perkins announced a sweeping reorganization affecting 1,271 people, or 22% of the design company’s staff, she said in a memo to employees.

Business Insider · Read more ↗

Binance details record hack. Binance said the $6.34 billion crypto theft — the largest in history — began with fake job interviews targeting an engineer and an abused internal AI tool. The exchange has replenished 98% of affected assets.

According to the exchange’s security postmortem, the breach unfolded over months rather than in a single intrusion. Attackers first lured an engineer through bogus job interviews, then escalated their access by abusing one of the company’s internal AI tools, Binance said. The company reported it has restored 98% of the stolen assets, which at $6.34 billion represent the largest cryptocurrency theft on record.

The Verge · Read more ↗