European markets close 1.2% lower as tech stocks plunge; UK banks rise on budget
European markets closed lower on Wednesday as investors assessed a fresh batch of corporate earnings, regional growth data and the U.K. budget.
Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says
ADP said it was the best month for job creation since July 2023.
At least 64 people die in devastating flash floods in eastern Spain, officials say
At least 64 people have died in eastern Spain after flash floods swept away cars, turned village streets into rivers and disrupted rail lines and highways.
33-year-old who left the U.S. to live minutes from the ocean in Jamaica: ‘I feel like I have a better chance of longevity here’
Having moved to Jamaica from North Carolina, “my stress has lifted and I am so much healthier,” says “Money Talk with Tiff” podcast host and mom Tiffany Grant.
Euro zone growth hits two-year high of 0.4%, beating expectations
Economists polled by Reuters expected 0.2% growth following the bloc’s 0.3% expansion in the second quarter.
CNBC Daily Open: Everyone gave Reddit an upvote
Our social media habits are so ingrained they’re almost automatic and essential. Little surprise, then, that the companies behind them are flourishing.
Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.
UK’s Labour government raises taxes by £40 billion in new budget plan
Nearly four months after taking office, the U.K.’s new Labour government unveiled its debut budget plan on Wednesday.
Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.
Standard Chartered lifts income guidance again after beating third-quarter profit forecasts
The lender, which derives most of its revenue from Asia, saw pre-tax profit jump of 37% from the $1.32 billion posted a year ago.
