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STMicroelectronics delays financial targets, CEO says governments distorting markets

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Italy stocks lower at close of trade; Investing.com Italy 40 down 0.50%

Italy stock market closed down with technology and industrials leading losses; Assicurazioni Generali rose while Davide Campari hit three-year lows. Commodities and currency remained stable.

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CEOs of European chip makers concerned about nationalist industrial policies

CEOs of Europe's major chip makers warn that rising nationalism and regional production demands threaten the semiconductor industry, leading to higher costs and potential market fragmentation.

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STMicroelectronics shares down as Morgan Stanley downgrades to "underweight"

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• STOXX

European shares muted as tech losses offset mining, energy gains

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Earnings call: STMicroelectronics reports decline amid automotive woes

STMicroelectronics reported Q3 2024 revenues of $3.25 billion, a 26.6% decline, while outlining restructuring efforts and maintaining growth in microcontroller markets.

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STMicroelectronics trims 2024 revenue outlook again

STMicroelectronics lowers revenue outlook for 2023 due to weak industrial demand; third-quarter earnings surpass expectations despite significant year-over-year declines.

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France stocks lower at close of trade; CAC 40 down 0.50%

France's stock market ended lower, affected by losses in key sectors, with notable declines in L’Oreal and Eramet, while Stellantis and Verallia showed gains.