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Business

Europe could face a double recession

After record-high GDP growth in the third quarter, the region risks being tipped directly back into recession, as extensive restrictions aimed at stemming another wave of coronavirus bring a quick end to its fragile recovery. EU gross domestic product rose 12.1% between July and September, Eurostat said in a statement on Friday. GDP rose 12.7% in the 19 countries using …

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McRib returns to McDonald’s nationwide for the first time since 2012

McDonalds McRib Source: McDonald’s From December 2, McDonald’s McRib returns to the menus nationwide for the first time since 2012. The limited-time pork sandwich is brought back every year, but is notoriously hard to find. McDonald’s even released its own McRib locator app to help customers find restaurants that sold it. The fast food giant brought McRib to 10,000 of …

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Ant’s groundbreaking IPO attracts $ 3 trillion in retail investor bids

An Ant Group logo will be unveiled at the company’s headquarters on October 28, 2020 in Hangzhou, Zhejiang Province, China. Chen Zhongqiu / VCG / Getty Images Ant Group’s historic $ 35 billion IPO raises unprecedented interest from retail investors in Shanghai and Hong Kong. Jack Ma’s financial services company raised more than $ 3 trillion in orders from individual …

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McDonalds brings McRib back in December

For the first time in nearly a decade, the fast food chain is making fan-favorite sandwiches available at all of its 14,400 U.S. restaurants when it hits menus on December 2nd. In previous years, McRib was only sold in some places, which triggered tension and subsequent long lines – a no-no in this time of social distance. McRib was described …

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Major technological steps in stock coincide with Exxon Mobil

Fox Business Flash headlines are here. Check out what’s clicking on FoxBusiness.com. Shares resumed their downward march after a brief postponement Thursday as concerns about coronavirus lockdowns and concerns about quarterly results from tech giants dampened sentiment. The Nasdaq Composite fell 0.79%, while the S&P 500 dipped above 0.3%, and the Dow Jones Industrial Average fell the same amount, or …

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Dow about to end the worst month since March

US stocks fell Friday as the Dow Jones Industrial Average was on track to close the worst week and month since March following a strong sell-off in major technology stocks. Dow fell 0.4%, down 95 points. It had already run 5.9% this week, putting it on track for its worst weekly performance since the height of the market tumbled. That… …

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Exxon (XOM) earnings 3rd quarter 2020

A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon Mobil reported its third straight quarter of losses on Friday as a depressed demand for oil triggered by the coronavirus pandemic weighed on the company’s operations. During the third quarter, the company lost $ 680 million, though Exxon said results improved quarter-on-quarter thanks to “early …

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Amazon earnings were amazing. Why the stock is declining.

Text size Adrian Dennis / AFP via Getty Images Amazon. com delivered better-than-expected results for Q3 as the company continued to benefit from the growth in e-commerce during the Covid-19 pandemic. In the quarter, Amazon (ticker: AMZN) had sales of DKK 96.1 billion. $ 37 billion, an increase of 37%, well above the company’s guidance range of $ 87 billion. …

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