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European markets open to close, earnings, data and news
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European markets open to close, earnings, data and news

U.S. stocks open higher U.S. stocks opened higher Thursday after the economy grew at a faster-than-expected pace in the third quarter. The Dow Jones Industrial Average was up 1.45% in early deals while the S&P 500 was 0.4% higher. The Nasdaq Composite traded was down 0.25%. — Karen Gilchrist Stocks on the move: Danske Bank...

Hikes rates by 75 basis points, new terms for European banks
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Hikes rates by 75 basis points, new terms for European banks

The European Central Bank has announced its third consecutive increase in interesr rates this year. Bloomberg | Bloomberg | Getty Images The European Central Bank announced Thursday a 75-basis-point interest rate hike — its third consecutive increase this year — while also scaling back support for European banks. Following much speculation by market participants, the ECB...

Meta, Ford, Honeywell, Caterpillar & more
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Meta, Ford, Honeywell, Caterpillar & more

A sign is seen outside of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small | Reuters Check out the companies making headlines before the bell. Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported...

Meta plans to lose even more money building the metaverse
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Meta plans to lose even more money building the metaverse

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Meta CEO Mark Zuckerberg reiterated his commitment to spending billions of dollars developing the metaverse amid investor concern about...

Apple’s iPhone plant in China, run by Foxconn, hit with Covid outbreak
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Apple’s iPhone plant in China, run by Foxconn, hit with Covid outbreak

Source: Thomas Peter | Reuters Foxconn said Tuesday that its factory in Zhengzhou, China — the world’s largest assembly plant for Apple’s iPhones — was hit with a small Covid outbreak. A spokesperson for the Taiwanese firm, officially known as Hon Hai Technology Group, told CNBC that operation and production at its Zhengzhou facility are...

Oil giant Shell reveals plans to hike dividend as it reports third-quarter profit
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Oil giant Shell reveals plans to hike dividend as it reports third-quarter profit

The logo of Shell on an oil storage silo, beyond railway tanker wagons at the company’s Pernis refinery in Rotterdam, Netherlands, on Sunday, Oct. 23, 2022. Bloomberg | Bloomberg | Getty Images British oil major Shell reported a third-quarter profit Thursday, but lower refining and trading revenues brought an end to its run of record...

Q3 2022 earnings and overhaul
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Q3 2022 earnings and overhaul

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Thursday posted a quarterly loss that was significantly worse than analyst estimates, as it announced a massive strategic overhaul. The embattled lender posted a third-quarter net loss of...

Q3 2022 earnings and overhaul
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Q3 2022 earnings and overhaul

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Thursday posted a quarterly loss that was significantly worse than analyst estimates, as it announced a massive strategic overhaul. The embattled lender posted a third-quarter net loss of...

Google, Temasek, Bain report on Southeast Asia digital economy in 2022
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Google, Temasek, Bain report on Southeast Asia digital economy in 2022

Two women using their mobile phones at Raffles Place, the central business district area of Singapore. Nicky Loh | Bloomberg | Getty Images SINGAPORE — South East Asia’s top digital economies grew faster than expected in 2022 and is set to reach $200 billion in total value of transactions made this year, according to a...