Trade News Today — October 29, 2026

Global markets are navigating a complex landscape of economic and geopolitical developments. On the corporate front, ServiceNow is facing a significant stock decline, but analysts at JPMorgan are identifying potential positives. In contrast, energy giant Shell is reporting a substantial increase in quarterly profit, driven by a surge in refining margins to a record high. This divergence in corporate performance is set against a backdrop of rising tensions in international relations, with the US military undergoing a shake-up and Iran peace talks being downplayed by the Trump administration.

Meanwhile, governments are taking steps to address social and economic issues. In France, the Senate has backed a bill that could see protesters fined up to $11,000 for rioting, while in the US, the Federal Reserve is being led by a chairman who is learning to wield the central bank's power with caution. The intersection of politics, economics, and finance is also being seen in the world of sports, with NBA star LaMelo Ball selling his luxury condo in Charlotte. As these stories continue to unfold, market participants will be watching for signs of how they might impact the broader economic landscape.

Today's signal:
• ServiceNow stock is on track for its largest drop on record. But JPMorgan sees a bright spot. (marketwatch.com)
• French Senate backs ‘Rioters Pay’ bill that could make protesters pay $11,000 fines (cnbc.com)
• NBA star LaMelo Ball is selling his $2.6 million luxury condo in Charlotte after leaving the Hornets (marketwatch.com)
• Analysis: Warsh is learning to wield the Fed's power without showing his hand (cnbc.com)
• Hegseth reportedly fires U.S. top military planner as Trump downplays Iran peace talks (cnbc.com)
• Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high (cnbc.com)