Volkswagen Group’s success in electric vehicles is not all good news
VW Group is struggling to turn its electric vehicle efforts into higher profits, with the German auto conglomerate openly admitting that battery cars still generate lower profits than their combustion engine counterparts. The admission comes as the…
Stanley Druckenmiller supports efforts to introduce risky crypto-like bets to Wall Street
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Hedge fund manager Stanley Druckenmiller has backed a little-known trading platform that plans to offer U.S. investors…
Nvidia CEO Jensen Huang may have been targeted by suspected Chinese spy: report
Nvidia CEO Jensen Huang discusses the bottlenecks facing the AI boom and assesses the technology’s impact on jobs, including whether it will ultimately create or eliminate work, in “The Claman Countdown.” U.S. officials concluded that…
BoJ maintains rates at 1.25% and says inflation target has been achieved
The Bank of Japan said the country’s core inflation was “generally consistent” with its 2% target, the first time it has made this assessment since adopting the target in 2013. Before that, the BoJ used to say that core inflation was…
ServiceNow stock falls on worst day ever, Fortinet shares fall as third-quarter earnings reports send software sector lower
What happened: The broader software sector declined Thursday, led by ServiceNow (NOW) stock, which fell nearly 27% in its worst day ever after the company’s fourth-quarter outlook fell just short of estimates, reigniting fears that competition from…
Porsche writedown plunges Volkswagen deeper into financial abyss
photokaleinar/Shutterstock Good morning! It’s Thursday, October 29, 2026 and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, all in one place. This is where you’ll find the most important…
Rivian (RIVN) Q3 2026 results: turnover up 38%, R2 now its bestseller
Rivian (RIVN) just released its third-quarter 2026 results, with revenue up 38% year-over-year to $2.155 billion. The R2, for its first full quarter of deliveries, is already the company’s best-selling vehicle, ahead of the R1 and the Amazon van.…
ServiceNow Falls 19% as Slower Contract Growth Eclipses Increase in AI Target; Salesforce slips 6%, Workday drops 5%
ServiceNow beat revenue estimates and raised its AI target, but its stock still collapsed and the fallout hit Salesforce, Workday and Adobe hard. A detail buried in the guidance is spooking investors across the enterprise software sector. Editor’s…
Dow Jones Futures Fall, Nasdaq Futures Plunge 2% on Amazon, Intel After Google, ServiceNow, Fortinet Dive
Dow Jones futures fell slightly overnight, while S&P 500 and especially Nasdaq futures fell. Amazon.com, Intel, Twilio and Illumina sold off earnings, with Sandisk and Starbucks also down. Adding to the selling pressure: Bitcoin plunged late as…
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