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Opendoor stock soars on CEO change, AI pivot—can it mirror Carvana’s play?

Shares of residential real estate platform Opendoor Technologies surged about 40% in after-hours trading on Thursday after the company announced the appointment of Kaz Nejatian, the former chief operating officer…

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Stock

Europe markets open: Stoxx 600 flat as markets brace for ECB decision

A tense and watchful quiet has descended upon European markets, with stocks opening to a mixed and listless picture as the entire financial world holds its breath. This is the…

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Economy

UK-China trade talks resume after 7 years with Business Secretary Peter Kyle’s visit

The UK and China are set to restart high-level trade discussions this week after a seven-year pause, with Britain’s new Business Secretary Peter Kyle preparing to negotiate access for British…

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Economy

Poland says Russian drones breached airspace, were shot down

Poland shot down drones that entered its airspace during a large-scale Russian attack on western Ukraine on Wednesday, with Warsaw calling the incursion “an act of aggression” and marking the…

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Economy

US holiday sales expected to rise a modest 2.9–3.4%, Deloitte says

Holiday sales in the United States are set to increase at the slowest pace since the pandemic, according to Deloitte’s latest forecast, released on Wednesday, reported by Reuters.The study, which…

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Stock

Analysis: OPEC+ output hike raises downside risks for oil

The recent decision of the Organization of the Petroleum Exporting Countries and allies to boost production further in October likely increases the downside risks for global oil prices, according to…

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Stock

Europe markets open: DAX to jump 0.46% as traders weigh new Trump tariff threat

A fragile sense of optimism is gracing European markets at the open on Wednesday, with stocks poised to climb despite a dramatic new trade war gambit from the White House…

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Stock

End of an era? Zara owner Inditex Q2 sales disappoint due to cautious consumers

The seemingly unstoppable juggernaut of fast fashion has hit a wall. Inditex, the Spanish retail titan and owner of Zara, reported weaker-than-expected sales in its second quarter on Wednesday, a…

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Stock

Novo Nordisk cuts 9K jobs to save $1.26B amid Wegovy growth, Eli Lilly rivalry

Novo Nordisk, the Danish pharmaceutical giant behind the obesity drug Wegovy, said on Wednesday it will cut about 9,000 jobs globally in a major restructuring effort, aiming to save 8…

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Stock

Ocado share price analysis: is this fallen angel a buy?

The Ocado share price continued its strong downward trend, turning one of the top UK companies into a fallen angel. After soaring to a record high of 2,913p in 2020,…

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