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Markets

Wall Street rebounds as market eyes tech results, strong US data

U.S. stocks closed higher on Thursday, with the technology heavyweights rallying ahead of major earnings reports and upbeat domestic economic data calming investor jitters about surging coronavirus cases.

Markets

Wikipedia buttons up key pages ahead of US election

Wikipedia has locked down its main election page ahead of the U.S. presidential election so that only certain editors can make changes, part of preparations to combat potential disinformation and abuses related to Tuesday's vote.

Markets

Activision raises sales forecast on lockdown demand, new COD release hopes

Activision Blizzard Inc raised its annual adjusted sales forecast on Thursday, betting on strong sales for its upcoming videogame in the blockbuster "Call of Duty" franchise as demand from stay-at-home gamers continues to rise.

Markets

Starbucks forecasts better-than-expected earnings for fiscal 2021

Starbucks Corp forecast 2021 earnings largely above estimates on Thursday, helped by strong online orders and a recovery in demand following the initial hit from the COVID-19 pandemic.

Markets

Thwart US veto or await new president? WTO has leadership dilemma

Faced with a veto from the United States, the World Trade Organization has two unpalatable options for selecting its next leader - override its biggest paymaster with a vote or hope for a change of US president and wait until he takes charge.

Markets

Google plans to launch VPN service for consumers

Alphabet Inc's Google said on Thursday it plans to launch a VPN service for consumers, which would be available with certain subscription plans for its Google One cloud storage services.

Markets

Trump and Biden’s final economic pitch: GDP growth vs ‘deep hole’

President Donald Trump's campaign is touting the blockbuster Gross Domestic Product figure released Thursday morning as evidence that the U.S. economy is healing quickly, while his Democratic opponent Joe Biden is focused on the "deep hole" the economy is still in because of the pandemic.

Markets

E-cigarette maker Juul cuts valuation to US$10 billion: memo

Juul Labs Inc has cut its valuation to about US$10 billion from US$12 billion at the end of last year, according to a company memo seen by Reuters on Thursday, as the once red-hot e-cigarette maker fizzles in a tumultuous period for the industry.

Markets

Cenovus Energy CEO ‘not worried’ about Husky deal approval as results disappoint

The chief executive of Cenovus Energy said he is confident shareholders will approve its acquisition of rival Husky Energy, despite big quarterly losses and a stock sell-off.

Markets

US judge delays extradition of Carlos Ghosn’s accused escape plotters to Japan

A federal judge on Thursday granted a last-minute request to stop the U.S. government from turning over to Japan two Massachusetts men to face charges that they helped smuggle former Nissan Motor Co Chairman Carlos Ghosn out of the country while he was awaiting trial on financial crimes.

Markets

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