
AI-generated summary
Nintendo rolled out price increases for the Switch 2 in the U.S., Canada, and Japan after hiking the cost of the device in Japan earlier in the year, amid soaring memory costs.
Sales of Nintendo 's flagship Switch 2 plunged in its fiscal second quarter after the Japanese gaming giant rolled out price hikes amid soaring memory costs.
Nintendo said it sold 2.67 million units of the Switch 2 in the three months ended Sept. 30, down 41% from the same period last year. That was also lower than the 3.82 million units sold in the prior quarter.
During the quarter, Nintendo rolled out price increases for the Switch 2 in the U.S., Canada and Japan after hiking the cost of the device in Japan earlier in the year.

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Bavaria's deputy premier Hubert Aiwanger was found dead in a Berlin hotel at age 55. German business hopes for stable US trade policy after Trump's Republicans lost both chambers of Congress. The German Cabinet halved the Western Balkans work quota to 25,000 annually starting January 1, 2027. Asylum-seeker numbers dropped to 5,707 in October, a 40% decline year-on-year. Interior Minister Dobrindt reiterated controversial comments about migrant 'troublemakers.' Finance Minister Klingbeil vowed to boost private investment in 2027 and rejected Berlin apartment expropriation plans. The VDA urged the EU to preserve plug-in hybrid rules, citing 50,000 jobs at risk. BMW reported a nearly 15% drop in quarterly net profit amid weaker China sales. Vonovia criticized Berlin's proposed takeover of large private housing portfolios.

NextDC shares surged more than 42% after Goodman Group and U.S.-listed Digital Realty moved to acquire stakes of up to 9.9% in the Australian data center operator at A$9.50 per share, calling the move opportunistic.

India's capital market regulator and industry bodies are urging the government to scrap long-term capital gains tax for foreign investors as foreign holdings hit an all-time low of 14%. Experts warn a tax cut alone may not reverse record outflows amid slowing earnings growth, geopolitical risks, and expensive valuations.

Democrats won sweeping midterm victories as Wall Street rallied, with the Dow up 3% and the S&P 500 up 1.6%. Billionaire donors including Richard Branson, Elon Musk, Reid Hoffman, and Alex Soros clashed over record election spending, while AI investors Bill Ackman, Chamath Palihapitiya, and Brad Gerstner warned that Democratic wins could slow data-center construction and threaten the AI boom.

David Jones, Australia's premier upmarket department store, has entered voluntary administration after years of losses and a breakdown in rent negotiations with landlord Scentre Group. McGrathNicol was appointed as voluntary administrators and FTI Consulting as receivers, putting more than 6,000 jobs across 38 stores at risk.