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The Latest Breaking News on Business

Magnum Ice Cream IPO Delayed: Unilever's Sweet £65 Billion Spinoff Frozen by US Government Shutdown

Unilever's long-awaited Magnum Ice Cream IPO has been delayed after the US government shutdown halted SEC approvals, putting the £65 billion spinoff on ice.

International Business Times UK

Google parent Alphabet beats forecasts with first $100bn quarter

Strong demand for ads and cloud services powered tech giant’s growth as it makes multibillion-dollar AI investment

The Guardian - US

North American Freight Slump Hits Penske Automotive

Penske Automotive Group, Inc. (NYSE:PAG) shares fell after a third-quarter earnings and revenue miss, with North American freight weakness sapping commercial truck demand.

Benzinga

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Starbucks Stock: Analyst Estimates & Ratings

Starbucks has significantly underperformed the broader market over the past year, and analysts remain cautiously optimistic about the stock’s prospects.

Barchart

Chipotle Shares Drop Over 17% In Pre-Market — Here's Why

Chipotle Mexican Grill Inc. (NYSE:CMG) shares fell 17.58% to $32.77 in pre-market trading on Thursday following the release of its third-quarter results and a downward revision of its full-year guidance.

Benzinga

Alphabet Stock Outlook: Is Wall Street Bullish or Bearish?

Alphabet has observed a significant boost in its fundamentals recently and a massive surge in stock prices over the past year, and analysts remain bullish on the stock’s prospects.

Barchart

Maker of Jeep and Fiat sees early results of turnaround with higher 3Q revenue

Stellantis, the maker of Jeep, Fiat, and Peugeot cars, reports a 13% increase in third-quarter net revenues, reaching 37.2 billion euros

The Independent UK

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The Starbucks app, Minecraft, and Xbox Network are all down –here's what we know

Do we have another big AWS-style outage on our hands? Starbucks, Minecraft and Xbox are all down right now.

TechRadar

Alphabet's AI Bet Delivers Record $100 Billion Quarter, Cloud Backlog Surges To $155 Billion

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) reported a stellar third quarter, achieving its first-ever $100 billion revenue quarter, signaling that the company's aggressive “full stack” approach to AI is now translating into significant financial gains across its core businesses.

Benzinga

Alphabet posts first-ever quarter with $100 billion in revenue

Investors celebrated the third-quarter numbers by driving up Alphabet’s stock price more than 6% in Wednesday’s extended trading.

Euronews

UnitedHealth's $4.3 Billion Profit Fueled By 'Generosity Of Uncle Sam,' Says Healthcare Activist: Government Drives 78% Of Health Plan Revenue

Despite losing tens of thousands of enrollees in its commercial and Medicaid plans, managed care company UnitedHealth Group Inc. (NYSE:UNH) reported $113 billion in revenue, up 12% year-over-year, and a profit of $4.3 billion during its third quarter results this week.

Benzinga

A former Intel CEO is all-in on faith-based AI that will 'hasten the coming of Christ's return' and knows his #1 target: 'I want Zuck to care'

Strap in, true believers.

PC Gamer

Where You Choose to Stash $100k Now Comes with a Big Opportunity Cost

The Fed recently cut rates. Here's where to maximize your savings while rates remain higher.

Kiplinger

Major Microsoft Azure outage takes Office 365, Teams, and Xbox services offline

Microsoft's widely used Azure cloud computing platform is experiencing an outage, leading to Office 365, Teams, Xbox, and more going down.

Windows Central

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The Independent UK

Starbucks halts 2-year sales slide, but costly improvements hurt its profits

Starbucks halted a long sales slide in its fiscal fourth quarter as fall drinks and improved service brought customers back to its stores

The Independent UK

Ben & Jerry’s co-founder claims Unilever blocked the brand’s Palestine-themed ice cream

Ice cream company co-founder Ben Cohen is remaining defiant and says he will produce the product independently

Barchart

Dollar Rallies on Hawkish Powell

The dollar index (DXY00 ) rallied to a 2-week high on Wednesday and finished up by +0.62%. The dollar found support on Wednesday amid easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal on Wednesday that will see South...

Benzinga

Stocks Slide As Powell Cools Rate-Cut Hopes: These 15 Stocks Are Feeling The Pinch

Stocks sold off late Wednesday after Fed Chair Jerome Powell pushed back on expectations for another interest rate cut in December, warning that such a move is "far from a foregone conclusion” as the Federal Open Market Committee remains divided and incoming data remains clouded by shutdown-related gaps.

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The Independent UK

Google's corporate parent posts first-ever quarter with $100B in revenue in latest show of its power

Google’s corporate parent on Wednesday announced its first-ever quarter with more than $100 billion in revenue

The Independent UK

What a Federal Reserve rate cut means for your finances

The Federal Reserve has cut its benchmark interest rate by a quarter point for the second time since September

The Independent UK

Boeing pushes 777X jet deliveries to 2027 amid certification delays

Boeing on Wednesday reported mixed third-quarter results, with higher aircraft deliveries and a growing order backlog offset by certification delays for its 777X jet

Fortune

Character.AI bans teen chats amid lawsuits and regulatory scrutiny

The move follows lawsuits alleging Character.AI’s chatbots encouraged self-harm and ongoing investigations into child safety.

GOBankingRates

4 Smart Strategies Americans Are Using To Make Their Retirement Savings Last

Discover how Americans are making their retirement savings last longer with smart strategies like planning, saving and working with advisors.

Barchart

What to Expect From General Mills’ Next Quarterly Earnings Report

General Mills is gearing up to release its fiscal second-quarter earnings report soon, and analysts project an earnings dip.

Barchart

Are Wall Street Analysts Bullish on Ford Motor Stock?

Ford Motor has underperformed the broader market over the past year, and analysts are cautious about the stock’s prospects.

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