Here’s what’s been happening on Wall Street overnight

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Tech earnings season is upon us, with Microsoft and Facebook both set to report today after the bell.

Wall Street is expecting Facebook to post another blowout quarter – but analysts are worried about fake news and other problems. Millennials are bearish on the company – but they love Microsoft.

A Wall Street analyst downgraded Apple, saying there’s one big problem with the iPhone X. Meanwhile, the company responded to a report that the US government is investigating its software that slows down some older iPhones with ageing batteries.

Nintendo just had its best Q3 in 8 years thanks to the Switch – which analysts predict will continue to be a rainmaker for the company.

AMD beat expectations, as did Boeing.

In other markets news:

In deals news: A tiny advisory firm with just three partners will earn a slice of the $US80 million in advisory fees from the $US17 billion Reuters-Blackstone deal. Fujifilm is taking over Xerox with a $US6.1 billion deal. Morgan Stanley says these 15 companies are the most likely to get bought this year.

Hedge fund managers are celebrating big pay increases – here’s how much you can expect to earn working at one.

Fox has nabbed Thursday Night Football in a massive five-year deal, reportedly worth $US660 million a year.

In crypto:

The head of the CDC resigned after a report said she purchased shares of a tobacco company while in office.

Jaguar will unveil its all-electric Tesla rival in March – and it looks awesome.

Lastly, here are the 32 most fun, friendly, and affordable cities in the world.

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