The Mexican peso spiked after the final Presidential debate ended

• Elena Holodny
 

• 12h
• 3,583
 
• 1

After fumbling around for an hour and a half, the Mexican peso spiked as the third US Presidential debate between Donald Trump and Hillary Clinton came to a conclusion.

The currency was up by 0.2% at 18.4937 per dollar around 10:45 p.m. ET. Earlier, it drifted between little changed to down by as much as 0.2% as the two candidates spoke.

The peso has become considered to be something of a gauge on Trump's prospects in the campaign. Some currency watchers previously argued that the peso's strengthening suggested that traders thought Clinton won the debate. 

Investing.com

The currency previously strengthened against the greenback during the first debate, and also after footage taped in 2005 showed the Republican presidential nominee boasting about being able to "grab" women "by the p---y" because "when you're a star they let you do it."

Keep up with all the debate coverage here.

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EBay is getting crushed after announcing weak guidance for earnings in the fourth quarter

• Akin Oyedele
 

• 45m
• 1,361

Thomson Reuters

EBay shares slid 10% in early trading on Thursday after the company reported earnings with weaker than expected guidance for the fourth quarter. 

The ecommerce company said Thursday it expects adjusted earnings per share from continuing operations to be in a range of $0.52 to $0.54 for the crucial holiday season. That was near the low end of analysts' forecast for $0.54, according to Bloomberg.

Also, gross merchandise volume (GMV) — a key measure of the dollar value of everything sold on eBay — slightly trailed analysts' forecasts. Third-quarter GMV totaled $20.1 billion, representing 5% growth from the same quarter in the previous year when the impact of foreign-currency fluctuation is excluded, but less than the $20.3 billion that was expected. 

The online retailer's net revenue totaled $2.22 billion versus $2.19 forecast. Adjusted earnings per share (EPS) from continuing operations was $0.45, one cent more than the median forecast.

EBay shares had gained 18% this year through the close of trading on Wednesday. 

The company said it added more than one million new buyers in the third quarter, bringing the total to 165 million global active buyers. Revenue at StubHub, the marketplace for event tickets, rose 32% to $263 million. 

Investing.com, Business Insider

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Tesla just revealed new cars and Model 3 will have fully self-driving hardware

• Cadie Thompson
 

• 14h
• 17,672
 
• 3

YouTube/Motor Trend

Tesla vehicles currently in production and the upcoming Model 3, will include new hardware that will give the car the ability to be fully autonomous, the company announced Wednesday. 

This doesn't mean that Tesla vehicles are now completely autonomous. Rather, it means that Tesla is now including the hardware in its cars that will enable them to become fully autonomous. 

"The foundation has been laid for fully autonomous, it's twice as safe as a human, maybe better," CEO Elon Musk said during a media call Wednesday evening. 

Tesla vehicles will now have eight surround cameras that provide 360 degrees of vision at up to 250 meters of range, the company said in its statement. 

The system will also include 12 ultrasonic sensors and an improved forward-facing radar that is capable of working in extreme weather conditions. 

Tesla

The data collected by these sensors will be processed in a new onboard computer that has 40 times more computing power than the previous version. 

"It's basically a supercomputer in the car," Musk said during the call. 

Musk originally announced Tesla's first generation Autopilot system in October 2014. It became available to users in October 2015.

SEE ALSO: 

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American Express just announced its lowest quarterly revenue in more than 5 years

• Sudarshan Varadhan, Reuters

• 18h
• 1,157

Mario Tama/Getty Images

(Reuters) - Credit card issuer American Express Co reported its lowest quarterly revenue in more than five years on Wednesday as it struggled to make up for the loss of its contract with Costco Wholesale Corp.

Total revenue, net of interest expense, fell 5 percent to $7.77 billion in the three months ended Sept. 30 - the first quarter with no revenue from the Costco partnership.

Net income attributable to common shareholders fell about 10 percent to $1.11 billion. On a per share basis, AmEx earned $1.20.

Costco co-branded portfolio accounted for about 8 percent of the spending on AmEx cards in 2015.

(Reporting By Sudarshan Varadhan in Bengaluru; Editing by Don Sebastian)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

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Even Brexit can't stop Britain's jobs miracle from rolling on

• Will Martin
 

• 6h
• 373
 
• 1
 

If recruiters are cutting jobs, you know things look bad.REUTERS/Kieran Doherty

Britain's headline rate of unemployment remained unchanged in the three-month period between June and August, staying at a near-record low of 4.9%, according to the latest data released by the Office for National Statistics on Wednesday.

"The unemployment rate was 4.9%, unchanged compared with March to May 2016 but down from 5.4% for a year earlier," the ONS' release said, noting that the number of unemployed and employed people both increased during the period.

Employment in the UK also remained at its highest level since records formally began in 1971 — 74.5%, and so far, any impact from the vote to leave the European Union looks to be limited.

Here is the chart:

ONS

And here is the unemployment chart:

ONS

Not only did unemployment remain at record lows, and employment at record highs, the number of people claiming benefits increased by less than expected. Economists had forecast an increase of 3,000 people claiming benefits between August and September, but the Claimant Count actually only increased by 700 people.

To add the relatively strong data, wage growth in the UK was higher than had been expected. Economists predicted wage growth would come in at 2.1% in August, but the ONS' data showed a 2.3% rise.

Since the Brexit vote, various economists and financial institutions have predicted that the UK's unemployment rate will shoot up as a result of the vote to leave. Credit Suisse, for example, predicts an increase to 6.5% for the base rate, equivalent to roughly 500,000 jobs being lost. 

In their July 13 note, reassuringly titled "Mayday! Mayday!" Credit Suisse's Boussie et al. also note that they expect rising unemployment to trigger a slackening of the "robust" consumer sector, which in turn could cause even more serious problems for the economy.

The Bank of England expects unemployment to rise to 5.5% once the full effects of the referendum are felt across the economy. However, in recent days, BoE governor Mark Carney has said that the bank is willing to allow inflation to overshoot its target in order to protect jobs.

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Marissa Mayer insists Yahoo's Verizon deal is still on track as core revenue plunges 14% in Q3

• Alexei Oreskovic
 

• 18h
• 3,109
 
• 3
 

Marissa Mayer, CEO of Yahoo AP Photo/Lionel Cironneau

Yahoo tried to reassure Wall Street that its $4.8 billion deal to sell itself to Verizon was still on track, despite a massive security breach at the internet company that has thrown the acquisition into question. 

Although the struggling internet company provided no details about the hacking incident or on any resulting negotiations with Verizon, CEO Marissa Mayer sought to portray a business-as-usual situation.

"We are busy preparing for integration with Verizon. We remain very confident, not only in the value of our business, but also in the value Yahoo products bring to our users' lives," Mayer said in a statement accompanying the company's third quarter financial results.

Shares of Yahoo were up about 1.5% at $42.29 in after hours trading on Tuesday.

Material event

Verizon announced plans to purchase Yahoo for $4.83 billion in July. But two months after the announcement, Yahoo revealed that it had been hacked in 2014 in a massive breach that affected at least 500 million of its users.

Verizon's top lawyer said last week that there was a reasonable basis to believe the breach had a "material" impact on Yahoo's business, which would give Verizon the right to walk away from, or renegotiate, the deal. 

Yahoo, which is not holding the customary quarterly conference call with analysts to discuss its latest results, did not comment on whether the incident was material, or provide further comment about the Verizon deal. 

But Yahoo served up various pieces of data on Tuesday aimed at making the case that users have not abandoned its various online services in the wake of the damaging hack revelation. 

Traffic to Yahoo's various web services have ticked up slightly or remained roughly flat since news of the hack first surfaced, the company showed in its charts:

Yahoo

Yahoo is "heartened" by its users' continued loyalty, Mayer said in a statement.

Still Yahoo's business continues to deteriorate. Revenue, excluding the traffic acquisition costs that Yahoo pays to partner websites, plunged 14 percent from the level one year ago. The number of ads sold and the number of paid clicks on its search engine both declined year-over-year.

Here are some of the key numbers from Yahoo's Q3 results:

EPS (adjusted): 20 cents, vs Wall Street's target of 14 cents

Revenue: $1.305 billion, up 6.4% year-over-year. 

Revenue ex TAC: $858 million, down 14% year-over-year.

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