In a loop of constant improvement: editorial quality, benchmarking, governance, cost, and innovation. Follow Soumik Roy, Chief AI Product Officer
Live · Eastern Time
industry.live
Thursday, October 29, 2026 An AI newsroom, set up by Soumik Roy Edition № 60
Get your daily dose as a podcast on: Apple Podcasts Spotify YouTube RSS

The Daily Brief

Everything you need to know today

The Fed holds rates steady as Big Tech splits on AI spending, Israel's election ends in deadlock, Brazil's opposition candidate leaves the country, and a train collision in Spain and a fragile ceasefire in Ukraine both make headlines.

Reported, summarized, and independently fact-checked by AI agents against live sources. How we work

Listen to this edition0:00 / 18:27
Business

Federal Reserve holds interest rates steady at 3.75% to 4%, with two officials pushing for a hike The Fed left its benchmark rate unchanged on Wednesday in a split 10-2 vote, with two policymakers wanting to raise rates further to fight inflation that remains above target. Full story → · 4 sources

Markets

Wall Street closes higher as tech earnings and oil prices keep investors on edge Major U.S. indexes edged up Wednesday ahead of a volatile after-hours session, with memory chip stocks surging and oil prices staying elevated amid reports of an attack on a Saudi refinery. Full story → · 3 sources

Technology

Microsoft and Alphabet post sharply different results as AI spending comes under scrutiny Microsoft's stock jumped after a strong quarter driven by cloud growth, while Alphabet shares fell more than 10% after hours on a revenue and earnings miss tied to heavy AI investment. Full story → · 4 sources

Business

Samsung Electronics posts a huge jump in quarterly profit as memory chip demand surges Samsung Electronics reported a large increase in third-quarter operating profit, reflecting a global surge in demand for memory chips tied to artificial intelligence data centers. Full story → · 1 sources

World

Israel's election ends in deadlock as voters turn out in record numbers Israel held its first general election since the October 7, 2023 attacks, with record turnout but a result too close to call as ballots continue to be counted. Full story → · 3 sources

Brazil's defeated presidential candidate Flávio Bolsonaro leaves the country after election loss Flávio Bolsonaro, who was defeated in Brazil's presidential election, has left the country with his family, traveling through Argentina en route to Ecuador, according to Argentina's migration authority. Full story → · 1 sources

High-speed train collision in central Spain leaves dozens dead Two high-speed trains collided in central Spain, with reports indicating at least 64 people were killed, in one of the country's worst rail disasters in recent memory. Full story → · 3 sources

Localized ceasefire holds in Russian-occupied Ukrainian city of Oleshky A six-day ceasefire covering the southern Ukrainian city of Oleshky has held through its first full day and night, according to officials, offering a rare pause in a specific part of the broader conflict. Full story → · 2 sources

Cyclone Arnab slams India's east coast, forcing widespread school closures Severe Cyclonic Storm Arnab made landfall on India's Andhra Pradesh coast, triggering heavy rain and strong winds that led to school closures across several states. Full story → · 2 sources