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The plunge in Amazon.com Inc.’s stock AMZN, -9.31% following a disappointing third-quarter earnings report and outlook puts the ecommerce giant on track to lose its place as a trillion-dollar company for the first time in 2 1/2 years. The stock dropped 12.0% in premarket trading, and is heading for the first trade below the $100 […]

Paul Pelosi, the husband of House Speaker Nancy Pelosi, was “violently assaulted” early Friday following a break-in at the couple’s residence in San Francisco, the speaker’s office said. “Mr. Pelosi was taken to the hospital, where he is receiving excellent medical care and is expected to make a full recovery,” said Speaker Pelosi’s spokesman Drew […]

Twitter shareholders would receive $54.2 per share on their holdings as part of the deal, but Musk has said earlier that he might take the company public again in 3-5 years. 924 Total views 22 Total shares Social media giant Twitter was officially acquired by Elon Musk on Oct. 27 in a deal that saw […]

Exxon Mobil Corp. shares rose 2.3% in premarket trade Friday, after the energy giant blew past estimates for the third quarter. The Irving, Texas-based company posted net income of $19.7 billion, or $4.68 a share, for the quarter, up from $17.850 billion, or $4.21 a share, in the year-earlier period. Adjusted for one-time items, the […]

Shares of Chevron Corp. CVX, +0.46% rallied 2.4% toward a record high in premarket trading Friday, after the oil and gas giant reported third-quarter profit, revenue and free cash flow beat expectations by wide margins, as total oil-equivalent production from U.S. upstream operations increased by nearly 50,000 barrels per day. Net income jumped to $11.23 […]

A World Health Organization advisory group said Friday the omicron sublineages named BQ.1 and XBB do not appear to have immune escape mutations that warrant the designation of variants of concern, even as they are spreading around the world. “The two sublineages remain part of Omicron, which continues to be a variant of concern,” said […]