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Business News Updates | 08-11-2023

Business News Updates | 08-11-2023

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.

Business headlines from November 8, 2023:

Global Markets

  • Stocks Edge Higher, Tech Leads Gains (The Wall Street Journal)
  • U.S. Treasury Yields Fall as Investors Await Inflation Data (Reuters)
  • Oil Prices Climb as Demand Concerns Ease (CNBC)
  • European Stocks Edge Higher as Investors Await ECB Meeting (Bloomberg)
  • Asian Stocks Mixed as Investors Weigh Inflation Risks (Financial Times)

Company News

  • Elon Musk Says Twitter Will Charge Businesses $8 Per Month to Keep Gold Checkmark (The Information)
  • Meta Platforms to Test Edit Button for Facebook Posts (Engadget)
  • Bank of America Raises Minimum Wage to $25 Per Hour (CNBC)
  • General Motors Invests $1 Billion in Michigan Plants for EVs and Batteries (Reuters)

Industry News

  • Hindustan Petroleum Corporation to Spend Rs 75,000 Crore in Expansion and Diversification (The Economic Times)
  • SJVN Receives Letter of Intent for Purchase of 200 MW Solar Power from Uttarakhand Power Corporation (Business Standard)
  • Trent Records 152% Jump in Q2 Profit (The Hindu BusinessLine)
  • India’s FMCG Market Grows 9% in September Quarter (The Economic Times)

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