Everyone gave Reddit an upvote [Video]

This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Alphabet and Reddit beat expectationsGoogle-parent Alphabet’s third-quarter earnings beat expectations. The company’s top line was boosted by its cloud division’s 35% jump in revenue from a year ago. Meanwhile, Reddit turned profitable in the third quarter with net income of $29.9 million, compared with a net loss of $7.4 million during the same quarter a year ago. Reddit shares surged almost 25% in extended trading Tuesday.

European banks bask in profitsUBS smashed expectations for the third quarter, bringing in $1.43 billion net profit attributable to shareholders, compared with a forecast of $667.5 million in a LSEG poll. Separately, British bank Standard Chartered beat expectations on its third-quarter net interest income and pre-tax profit, which …

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