The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
A Belgian F-16 fighter jet crashed on a road in western France and one of its pilots is hanging from a high-voltage electricity line after his parachute got caught.Aerospace & Defenseread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
Homebuilding stocks have made strides, but the latest good news for the group may not help as much as investors hope, strategists warn.Trading Nationread more
A key worry for some is whether libra competes with sovereign currencies like the dollar.Technologyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
European stocks closed under pressure on Thursday as investors eyed earnings and oil edged above $50 a barrel amid renewed hope OPEC members would be willing to cut its output.
The Pan-European STOXX 600 index was 0.01 percent down after a choppy trading day. Major bourses and sectors were both mixed.
Meanwhile in the U.S., the Dow Jones industrial average was trading 0.02 percent up with the broader S&P 500 index trading 0.1 percent lower.
Deutsche Bank saw its shares seesawing despite releasing better-than-expected revenues in the third quarter of this year. It began trading with shares rising as much as 3 percent, though retreated to 0.6 percent up at the close.
Barclays was higher by 2 percent in early morning trade with the bank reporting a 35 percent rise in pretax profits for its third quarter. The bank ended Thursday's European trading day 4.8 percent up.
The industrial sector was the worst performing on Thursday, falling around 1.35 percent. The Swiss industrial group ABB was at the bottom of the Stoxx 600 for a large part of the day, after presenting a sharp decrease in orders, it went on to close 6.6 percent in the black.
Oil prices edged over the $50 a barrel threshold as the commodity drew support from a reported drop in US crude inventories and comments from OPEC gulf members. Reuters reported that energy ministers from Saudi Arabia and their gulf allies stated that they would be willing to reduce oil output by around 4 percent.
Meanwhile, new data showed the U.K. economy grew 0.5 percent quarter-on-quarter, beating estimates of 0.3 percent in a Reuters poll. The third quarter data helped sterling rise to a one-week high.
Elsewhere, the Swedish central bank announced Thursday it was keeping its repo rate unchanged at -0.5 percent. As a result, the Swedish Krona dropped against the euro from 9.7170 to 9.6800. The central bank also said that it dos not intent to rise rate until early 2018.
Meanwhile, the Norwegian central bank has also left its key rate unchanged at 0.5 percent. Norges bank reported that house prices and household debt have increased more-than-expected.