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Friday, October 30, 2026 · Midday recap

Intel and Reddit slide on weak outlooks as a $6.3 billion Binance breach hits crypto

Published Oct 30, 12:31 PM ET

What matters today

  1. Binance said a security breach affected about $6.3 billion in assets, and crypto prices fell over 24 hours.
  2. CNBC reported Intel was heading for its worst day on Wall Street in more than 50 years after weak guidance.
  3. MarketWatch reported Reddit shares fell 25% Friday morning after a lower-than-expected revenue outlook.
  4. The US employment cost index rose 0.8% in the third quarter, matching expectations.
  5. CNBC reported Chevron and Exxon hit all-time highs as refining profits climbed.

This morning so far

Company news dominated the morning. CNBC reported Intel was on track for its worst day in more than 50 years after weak guidance, and MarketWatch reported Reddit fell 25% on a lower revenue outlook. The US employment cost index, a measure of what employers pay in wages and benefits, rose 0.8% in the third quarter, in line with expectations. In crypto, CoinGecko data show bitcoin at $77,443, down 4.8% over 24 hours, and ether at $2,236, down 5.09%, as the Binance breach news emerged.

This afternoon and after the close

PreBell's calendar shows no further scheduled data releases or central bank speakers for this afternoon. The next session is Monday, Nov. 2, and the calendar lists no events for it yet.

Top headlines

  • Binance reports a breach affecting about $6.3 billion in assets, says roughly $3 billion is frozen and losses will be covered.CNBC Top News ↗
  • CNBC says Intel is heading for its worst day in over 50 years after weak guidance, amid AI spending worries.CNBC Top News ↗
  • Reddit shares dropped about 25% in the morning after the company gave a revenue outlook below expectations, MarketWatch reports.MarketWatch ↗
  • US employment cost index rose 0.8% in Q3, matching forecasts; wages rose 0.7% versus 0.9% the prior quarter.ForexLive ↗
  • Canada's August GDP was flat against a forecast of 0.2% growth; the September advance estimate is -0.1%.ForexLive ↗
  • Chevron and Exxon reached record highs as refining profits rose, with diesel prices surging after strikes on refineries.CNBC Top News ↗
  • Starbucks missed overall sales expectations; US stores beat comparable sales estimates while international results fell short.CNBC Top News ↗
  • Treasury set the new Series I bond rate at 5.51% for the next six months.CNBC Top News ↗

Written with AI from the listed sources and checked automatically. Every number links to its source.