Wall Street sell-off continues as investors question returns on massive AI spending
Wall Street braced for another steep day of losses Friday, with futures falling after the latest earnings from Big Tech reignited concerns that the massive spending on AI may not deliver the returns that investors expect.
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Volkswagen reports €5.8 billion third-quarter loss as Porsche charge and China slump weigh
The German carmaker's July-to-September loss widened sharply from a year earlier, with a large Porsche writedown and falling deliveries in China adding to pressure on its results.
World Bank forecasts 23% commodity price rise as energy and shipping shocks mount
The bank projects higher energy, metals and food prices in 2026, with further risks from conflict, disrupted grain shipments and El Niño.
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