Tesla to wind down Cybertruck production in Texas next year to ramp Cybercab, Musk says
The Cybertruck and its polarizing design gained a niche following, but it did not achieve mass-market sales and Tesla has issued several voluntary recalls.
TSLA
6 NOVEMBER 2026 · GLOBAL EDITION
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Live, attributed financial reporting from established publishers.
ECONOMY
U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%
Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate held steady at 4.2%.
STOCKS
Market sell-off hits hard: Advisors say 'stay the course with an eye on buying'
As retail investors pulled money out of individual stocks, more than three-quarters of advisors in a CNBC flash poll said investors should check their allocation against their goals or stay invested.
GLOBAL MARKETS
A long-term Elon Musk backer is cashing out of Tesla — and cutting its SpaceX exposure
Scottish Mortgage Investment Trust has cut its SpaceX holding to 11.1% of assets and sold its remaining Tesla stake.
US MARKETS
Nasdaq drops into correction territory — here’s what typically happens next
Nasdaq’s slide into correction territory puts its history of recoveries in focus. Here's what history shows.
19:01IST
ECONOMY · COINDESK
U.S. added 165,000 jobs in October, blowing past 65,000 estimate
The unemployment rate unexpectedly fell to 4.1%. The strong showing surely puts a December rate hike in play, but next week's inflation numbers and the fate of the stock market could prove more important.
19:00IST
MARKETS · CNBC
IRS unveils higher capital gains tax brackets for 2027
The IRS has announced higher long-term capital gains brackets for 2027. Here's what investors need to know.
18:50IST
EARNINGS · CNBC
'The whole landscape changed': Gaming CEOs see new opportunities post-midterms
Midterm results opened new gambling opportunities in Texas and other states while raising scrutiny of prediction-market operators.
18:49IST
GEOPOLITICS · CNBC
Where's the growth? Legacy automakers face a tougher 2027 as costs rise, market tightens
Automakers are warning about higher commodity, logistics and memory costs, while pricing power is becoming harder to extend to consumers.
18:39IST
GEOPOLITICS · ECONOMIC TIMES
Stock Market Live Updates: Nasdaq futures rebound as Nvidia, chip stocks recover after AI selloff
This is a developing financial-market story. Open the original report for complete details.
18:38IST
GEOPOLITICS · CNBC
Outside groups urge congressional Dems to target corporate interests over Trump
Groups and strategists advising Democrats are warning them to use their investigative tools on corporate interests, rather than on President Donald Trump.
18:13IST
EARNINGS · CNBC
Moderna raises 2026 outlook as CEO says newer vaccines are gaining traction
The biotech company now expects 2026 revenue growth of 15% to 25%, up from its previous guidance of up to 10%.
18:00IST
GEOPOLITICS · CNBC
Democratic sweep gives markets a reason to rethink path of interest rates
Rate hikes could be curbed by an Iran war resolution, slower U.S. growth and fresh fiscal policy — but none are set in stone.
18:00IST
MARKETS · COINDESK
Over $1 billion in bullish bets liquidated while ETF flows suggest no help in spot market
Your day-ahead look for Nov. 6, 2026
17:34IST
GEOPOLITICS · CNBC
AI stocks hammered by midterm shock as data center buildout becomes a 'war of attrition'
The election rout landed on an AI trade already under pressure from high interest rates, heavy capital spending and questions about returns.
17:32IST
GEOPOLITICS · ECONOMIC TIMES
India's 10-year bond posts best week in 7 years, leads emerging Asia as oil slides
This week, Indian government bonds saw a remarkable performance, outpacing other Asian markets as benchmark yields dropped significantly. Following the Democratic win in the US midterms, crude prices fell sharply, enticing foreign investors back to purchase a significant volume of Indian bonds. This shift alleviates pressure on the Reserve Bank of India to maintain elevated yields, contributing to a positive outlook for Indian debt moving forward.
17:28IST
CRYPTO · COINDESK
Live updates: Bitcoin slips further after blowout October jobs numbers
Nasdaq 100 futures were higher by 1.5% following Thursday's 5.5% rout. Japan's Nikkei and Korea's Kospi each slumped 6% overnight.
17:19IST
CRYPTO · COINDESK
Bitcoin steadies after AI-led selloff as eyes turn to latest U.S. jobs figures
Bitcoin bounced from around $75,200 after Thursday’s AI-led selloff, which drove more than $1 billion in liquidations, as traders await the U.S. jobs report.
17:00IST
EARNINGS · ECONOMIC TIMES
British Airways parent profit drops on higher fuel costs
IAG, the owner of British Airways and Iberia, said Friday that its net profit dropped more than 12 percent in the third quarter on soaring fuel costs and flight disruptions caused by the Middle East conflict. The group said its overall flight capacity had been hit "by cancellations due to the conflict in the Middle East, together with aircraft availability linked to engine issues and disruption related to air traffic control disruption".
16:58IST
EARNINGS · ECONOMIC TIMES
Trump Media's investors lost $2.2 billion while Trump holds $460 million stake
Ske Jarzenske and other Trump Media investors are facing severe losses as the company's stock value has plummeted. Many investors had high hopes for the social media platform, believing in its potential profitability under Trump's leadership. Instead, Trump Media's shares have lost significant value, and discontent among shareholders has grown. The company's revenue remains stagnant, leading investors to question management practices and investor trust.
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