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Chipotle Mexican Grill (CMG) earnings Q3 2019

Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts’ expectations and announced plans to accelerate its introduction of drive-thru lanes, which could slow down its store openings. Shares were down more than 1% in extended trading after …

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Snap earnings Q3 2019

Snap co-founder and CEO Evan Spiegel speaking at the 2018 Code Conference on May 29th, 2018. Asa Mathat | Vox Media Snap shares bounced around in extended trading on Tuesday after the app developer beat estimates for the third quarter but provided weak guidance for the fourth quarter. The company, …

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Hong Kong’s IPO market has been hit by protests

From left, the flags of the Hong Kong Stock Exchange, China and Hong Kong are seen flapping in the wind on May 6, 2019. Anthony Wallace | AFP | Getty Images Hong Kong’s initial public offering (IPO) market has been hit badly by the unrest in the city, plummeting nearly …

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Millionaires now hold nearly half of the world’s wealth

The number of millionaires in the world grew to nearly 47 million over the past year, and they now own close to half of the world’s wealth, according to a new study. Despite the trade wars, slowing global growth and the volatile stock markets, the total number of millionaires in …

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Boris Johnson’s deal faces narrow defeat on Saturday

British Prime Minister Boris Johnson has insisted that he is “very confident” the House of Commons will support his Brexit deal on Saturday, in what is widely expected to be a historic knife-edge vote. The former London mayor secured a draft Brexit deal with the European Union on Thursday, following …

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China’s pork shortage could give US farmers a chance to cash in

Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China. Visual China Group | Getty Images BEIJING — China needs more pork imports than ever as the country grapples with an outbreak of a swine disease — and that could become …

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Hong Kong leader tackles concerns on unaffordable housing amid protests

A widening wealth gap and increasingly unaffordable housing are some key social issues underpinning the unrest in Hong Kong, business leaders and politicians have suggested. Rental prices in Hong Kong surpass those in New York, Paris and Singapore, and many young professionals living in the Chinese-ruled territory struggle to afford …

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US retail sales fall in a sign that consumer economy could be cracking

U.S. retail sales fell for the first time in seven months in September, raising fears that a slowdown in the American manufacturing sector could be starting to bleed into the consumer side of the economy. The Commerce Department said on Wednesday retail sales dropped 0.3% last month as households slashed …

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Profits expected to fall as earnings season kicks off in week ahead

Shipping containers at the Port of Seattle. Patti Domm | CNBC The third-quarter earnings season kicks off in the coming week, and it is likely to expose how much the trade war has cost companies’ bottom lines. First out of the gate are major banks and financial companies, with J.P. …

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Sterling rises following ‘constructive’ Brexit talks

Britain’s Secretary of State for Exiting the European Union Stephen Barclay (L) shakes hands with European Union chief Brexit negotiator Michel Barnier before their meeting at the European Commission headquarters in Brussels, on October 11, 2019. FRANCISCO SECO | AFP | Getty Images Last-ditch talks between the chief Brexit negotiators …

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