Business News Updates | 08-11-2023

Financial news updates for November 8, 2023:

• Markets end higher, with tech stocks leading gains. The S&P 500 rose 0.6%, the Dow Jones Industrial Average gained 0.4%, and the Nasdaq Composite added 0.8%.
   
• U.S. Treasury yields fall as investors await inflation data. The yield on the 10-year Treasury note fell to 3.80% from 3.85% on Tuesday.
   
• Oil prices climb as demand concerns ease. Brent crude rose 1.3% to settle at $93.40 per barrel, while WTI crude added 1.2% to settle at $85.50 per barrel.
   
• European stocks edge higher as investors await ECB meeting. The pan-European Stoxx 600 index rose 0.2%, while Germany’s DAX index gained 0.3% and France’s CAC 40 index added 0.1%.
   
• Asian stocks mixed as investors weigh inflation risks. Japan’s Nikkei 225 index rose 0.2%, while Hong Kong’s Hang Seng index fell 0.5% and China’s Shanghai Composite index added 0.1%.
   

Here are some other notable financial news stories from November 8, 2023:

• Elon Musk says Twitter will charge businesses $8 per month to keep the gold verification checkmark.
• Meta Platforms says it will start testing a new feature that allows users to edit their posts up to 24 hours after they are published.
• Bank of America says it will raise the minimum wage for its U.S. hourly workers to $25 per hour in 2024.
• General Motors says it will invest $1 billion in its Michigan plants to build electric vehicles and batteries.