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Morning Brief Co-hosts Seana Smith and Brad Smith break down the top trending tickers on Yahoo Finance.
Meta Platforms (META) is facing a Federal Trade Commission (FTC) antitrust lawsuit over its Instagram and WhatsApp acquisitions. The FTC alleges Meta bought these assets to stifle competition, and a judge ruled the case will go to trial. Additionally, Meta was fined $841 million by the EU for antitrust violations related to Facebook Marketplace.
JD.com (JD) reported 5.1% third quarter revenue growth, driven by rebounds in electronics, appliances, and general merchandise. However, shares declined due to weakness in the Chinese consumer market.
Meanwhile, shares of CNH Industrial (CNH) are moving higher after investor David Einhorn told CNBC he expects CNH Industrial's stock to double in the next couple of years.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Angel Smith