Business

Twitter Inc on Thursday added fewer users than Wall Street had expected, sending its shares tumbling 9%, though it beat analyst expectations for quarterly revenue.

Benchmark U.S. crude oil for December delivery fell $1.22 to $36.17 a barrel Thursday. Brent crude oil for December delivery fell $1.47 to $37.65 a barrel.

The 33.1% annualized growth rate reported by the Commerce Department on Thursday did not ease the human tragedy inflicted by the coronavirus pandemic, with tens of millions of Americans still unemployed and more than 222,000 dead.

U.S. stocks gained ground on Thursday after a sharp pullback a day earlier as investors piled into technology heavyweights ahead of their earnings reports, while upbeat economic data overshadowed worries about surging coronavirus cases.

The European Union is set to propose new laws to rein in the power of big tech companies, including measures to ensure customers are protected, smaller rivals are treated fairly, and illegal content is dealt with, the bloc's digital and antitrust chief sa...

The European Central Bank left policy unchanged on Thursday, resisting pressure to unveil more stimulus amid a new wave of the pandemic, but provided the clearest hint yet of fresh easing at its next meeting in December.

Chinas leaders vowed Thursday to speed up its development as a selfreliant technology power as a feud with Washington cuts access to U.S. components and hampers Beijings industrial ambitions.

Sanofi raised its 2020 outlook for the second time this year after posting slightly strongerthanexpected third quarter results on Thursday, helped by growth at its specialty care and vaccines units.

AnheuserBusch InBev, the world's largest brewer, reported a surprise increase in beer sales in the third quarter, although profits dipped and its interim dividend payment was scrapped due to the COVID19 pandemic.

Oil prices fell over 4% to a threeweek low on Wednesday as surging coronavirus infections in the United States and Europe are leading to renewed lockdowns, fanning fears that the unsteady economic recovery will deteriorate.

Anthem delivered a betterthanexpected third quarter even though a jump in benefit expenses and other costs contributed to an 81% drop in the health insurers net income.

Gold prices eased on Wednesday due an uptick in the dollar, but uncertainty going into next week's U.S. presidential election and concerns over a spike in coronavirus cases in Europe and the U.S. limited bullion's losses.

German consumer goods firm Beiersdorf reported a recovery for its Nivea skin cream on Wednesday as well as strong sales for other skincare brands and its adhesives unit after the coronavirus pandemic caused a revenue drop in the first half.

Gold prices were little changed on Wednesday, staying above the $1,900mark, as uncertainties about U.S. elections and surging global COVID19 cases countered pressure from a firmer dollar and fading hopes of an immediate U.S. stimulus package.

"We (our economic growth) would be slightly ahead in 2021-22. We would be better than large part of the world. But this depends on how the (relief from) pandemic pans out. This is pure uncertainty. How it will work?" he argued.

A gauge of world stock markets edged lower and the U.S. dollar fell on Tuesday as investors grappled with a surge in coronavirus cases and uncertainty over the impending U.S. election.