Roula Khalaf, Editor of the FT, curates the Unlock the Editor’s Digest, featuring her favorite stories weekly. Volkswagen is planning to close at least three German plants, cut tens of thousands of jobs, and reduce pay by 10%, sparking a battle with unions. Facing pressure from competition, slowing sales, and the shift to electric vehicles, VW warns of the need for drastic measures, as talks with the works council continue amidst threats of strikes.
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The "Ten Titans" Stocks Now Make Up 38% of the S&P 500. Here's What It Means for Your Investment Portfolio
The "Ten Titans" are the ten largest growth-focused components of the S&P 500 by market cap, including Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta Platforms, Broadcom, Tesla, Oracle, and Netflix, which collectively account for 38% of the index. These companies significantly influence the overall market, even for investors who do not directly own their stocks. Want More Context? 🔎
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