President Donald Trump turned against Fox News on Tuesday night in a string of posts on Truth Social while Democratic wins rolled in during a historic midterm election.

Trump blamed the network, which he’s long championed, for Republican losses, saying in one post on his social media network that it “bears responsibility for these losses by constantly and consistently putting on the Dumocrat opposition.”

Democrats took control of both the Senate and House of Representatives, flipping seats in states usually favorable to Republicans, including Texas, South Carolina and Kansas. 

Trump also pointed to Fox’s recent ratings as evidence of the network’s decline. 

“FoxNews Ratings are way down (27%!) because they’re spending too much time covering the Trump Deranged Dumocrats! All of those people who used to watch Fox, and no longer do, get it. It’s them, not me,” he posted. 

Fox News did not immediately respond to a request for comment. 

In a press release last week, Fox News reported 1.1 million average viewers for October, down about 27% from the same month a year prior.

Fox Corp. CEO Lachlan Murdoch noted the decline during the company’s quarterly earnings call on Monday, citing “viewer fatigue.”

However, Murdoch said such a shift is expected in the lead-up to a midterm election with a second-term president and said it was not the result of viewers turning to competitors’ coverage.

“Those viewers are not going to any other news channel. They’re not switching to MS NOW or to CNN,” he said. “They’re just fatigued and watching slightly less television overall.”

Versant-owned MS NOW and Skydance-owned CNN both reported primetime viewership was up by double digits in October compared with the year-ago period. However, both networks still had smaller total-day average audiences than Fox News.

MS NOW had 588,000 average viewers in October across all day parts, and CNN had 402,000, according to Nielsen data cited by Fox.

Despite Fox News’ year-over-year drop in viewership, the company reported an otherwise strong quarter in what Murdoch called an “outstanding start to fiscal 2027.”

Fox Corp., which includes the linear TV networks as well as entertainment and sports assets and a streaming business, reported revenue for its fiscal first quarter of $4.57 billion, up 22% year over year. 

The company pointed to strength in advertising revenue, which increased 47%, buoyed by strong political advertising and the FIFA Men’s World Cup, which aired in part on Fox platforms across June and July.

Trump is a frequent critic of media companies, especially broadcasters that he views as being biased against him. While he’s repeatedly taken aim at NBC and Disney-owned ABC, the president has had a much friendlier relationship with Fox and its networks.

Trump appeared on Fox News‘ “Hannity” on Monday night ahead of the election.

Disclosure: CNBC and MS NOW are divisions of Versant Media.

Binance co-CEO Richard Teng addressed the public for the first time Tuesday following a historic cyber theft exceeding $6 billion, confirming the company is absorbing 100% of the losses with no customer balances compromised.

“First of all, this should not have happened, and we apologize to our users for the disruption,” Teng told FOX Business national correspondent Darren Botelho on “Varney & Co.” “This is a highly sophisticated multi-month campaign and the FBI has attributed it to North Korea. They use a combination of fake recruitment interviews, malicious software disguised as developer tools, AI techniques to work their way in and then execute that at a speed our industry has never seen before. We have since then closed all the different entry points, rebuilt the affected system, and we just published a detailed report so that industry can learn from that.”

When asked whether Binance customers lost any of their money or investments, Teng responded: “No, not at all… Our company, we bear full responsibility.”

EXPERT WARNS OF ‘AI HACKING BLOODBATH’ FOLLOWING MASSIVE BINANCE CRYPTOCURRENCY HACK

“The full financial impact will be borne by us. Users are not compromised,” Teng elaborated. “We have set aside more than 100% of the amount, right? And 98% of impacted assets have been replenished. Customers can verify their balance through our proof of reserve. The remaining assets, the 2%, they belong to less-liquid tokens, and we need some time to procure them without affecting market functioning, and those are being procured.”

The FBI said Saturday that North Korean hackers were responsible for stealing more than $6 billion in cryptocurrency from Binance last week, linking one of the largest digital asset thefts in history to the regime in Pyongyang.

The FBI said it and its partners at the U.S. Secret Service and IRS Criminal Investigation observed the hackers converting stolen assets primarily into Ether (ETH). Authorities also said they expect the assets to be further laundered through decentralized finance (DeFi) platforms and instant cryptocurrency exchange services.

With public records indicating the exchange maintains approximately $171 billion in total reserve backing, the enterprise utilized internal emergency facilities to absorb the more than $6 billion drain. Following an initial 24-hour surge in withdrawal requests upon reopening, platform flows have returned to standard volumes, according to Teng.

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Shares of South Korean chipmaker SK Hynix have pared losses on Friday morning, following the company’s decision to halt a review of a potential U.S. initial public offering for its subsidiary Solidigm.

The stock bounced back from an earlier 3% decline to trade 0.3% lower.

“Solidigm will halt its review of potential pre-IPO and IPO options,” the company said in the statement after assessing recent capital market conditions and share price trends, while also exploring various funding options to finance a new U.S. semiconductor fabrication plant amid growing demand for AI memory.

The chip manufacturer said an IPO could have helped fund Solidigm’s expansion while providing greater financial flexibility for shareholder returns, including dividends, share buybacks and share cancellations.

However, financial market volatility had increased and contributed to a broader correction in semiconductor stocks, prompting SK Hynix to reassess whether an IPO would benefit existing shareholders.

The company also said that Solidigm’s existing production facilities had limited capacity to meet rising AI-driven memory demand, underscoring the need for additional manufacturing capacity in the U.S.

The decision also follows regulatory scrutiny in South Korea.

The country’s financial regulator said Monday that a potential U.S. listing of Solidigm could violate South Korean rules restricting dual listings, according to Reuters.

Financial Supervisory Service Governor Lee Chan-jin said regulators were examining whether the IPO would require a review under the country’s rules designed to protect minority shareholders.

SK Hynix said Solidigm’s investment needs remain unchanged and that it would continue exploring alternative financing options to support the subsidiary’s growth and enhance shareholder value.

The announcement comes as U.S. technology stocks face pressure amid worries over AI spending.The tech-heavy Nasdaq Composite slid 2.6% on Thursday, its worst session since June, while Nvidia fell 4.4% and Advanced Micro Devices dropped 8.1%.

Amid a sell-off in memory stocks, Nvidia CEO Jensen Huang told CNBC Thursday that he does not expect an oversupply of memory chips by 2029, despite concerns over weakening demand.

AI data center stocks have also come under pressure amid growing concerns over financing risks and the pace of AI infrastructure expansion. Shares of CoreWeave plunged 10% on Thursday, extending their monthly decline to 36%, while Australia’s NextDC tumbled nearly 40% on Wednesday after cutting its earnings forecast.

The invention that made operators obsolete 

Shares of Mercari jumped more than 4% on Friday, extending their rebound from a selloff sparked by the Japanese online marketplace’s restrictions on listings of Pokémon’s 30th anniversary products announced Tuesday. 

The company said the restrictions would remain in place for as long as it determines that a safe and secure trading environment cannot be ensured.

Its shares closed 6.4% lower on Wednesday, the day the restrictions took effect, before recovering to close 1.4% higher on Thursday.

The stock was also outperforming the Nikkei 225 on Friday morning, which was up roughly 1%. 

Mercari said it imposed the temporary listing ban over concerns that a surge in transactions following the release of the anniversary products could lead to trading disputes, as well as harassment of users involved in transactions.

Citibank attributed Wednesday’s more than 6% drop to Mercari’s announcement of the Pokémon card listing restrictions. It said Mercari’s recent share-price weakness had pushed the stock to “overly pessimistic levels,” calling the shares “oversold” and the pullback an investment opportunity.

Growth in the value of goods sold on Mercari’s marketplace in the second half of fiscal 2026 exceeded expectations, while a recovery across multiple categories could support double-digit growth, the bank added. 

Citi also said that the halt to trading of certain products was negative for Mercari, but said the impact was not significant enough for the bank to revise its forecasts.

The restrictions come amid a global Pokémon card boom. Online marketplace eBay said “Pokémon” was searched more than six million times on its U.K. site in July, underscoring continued demand for trading cards.

Pokémon card prices have surged 1,350% since 2020, according to an index compiled by Collectors, which owns card grading agency Professional Sports Authenticator, CNBC previously reported.  In February, influencer Logan Paul sold a rare Pikachu Illustrator card for more than $16 million, after buying it for just over $5 million in 2021. New cards can sell out within minutes, with people coordinating on X and Discord to know where to go.

A post on X this month claimed that a Pokémon card sold for $2.7 million at auction, setting a record.

Mercari signed an agreement with The Pokémon Company in 2023 to promote safer trading of Pokémon products on its marketplace, and introduced a policy in 2025 allowing it to restrict listings when issues such as fraud, transaction disputes or extreme price swings threaten marketplace safety.