Amazon and Google Post Strong Results

Amazon.com’s online orders continued to surge, as third-quarter sales rose to a record $96.2 billion. Google parent Alphabet reported a rise in advertising revenue in the third quarter, reversing a prior-quarter decline.

Exxon to Slash Up to 15% of Global Workforce, Including 1,900 U.S. Jobs

The struggling oil giant said it expects to make the cuts over the next year as the coronavirus pandemic continues to batter the oil-and-gas industry.

Airlines and U.S. Transportation Officials Spar With CDC Over Testing vs. Quarantines for International Flights

U.S. transportation officials and airlines are at odds with public-health officials over whether people who test negative for coronavirus before they travel should still have to quarantine when they arrive in the U.S., according to people familiar with the matter.

Starbucks Says Customers Are Coming Back to Cafes

The coffee giant forecasts a return to sales growth next year.

Online Beer Sales Soar at Brewers of Budweiser, Miller Lite

Homebound drinkers bought more beer online and at supermarkets, boosting organic sales at AB InBev and cushioning the revenue lost at restaurants and bars amid Covid-19 restrictions.

Economy Surges but Hasn't Recouped All Pandemic Losses

Gross domestic product rose 7.4% in the third quarter from the prior quarter. The increase offset a good chunk of the record drop in output earlier in the year.

U.S. Jobless Claims Fell to 7-Month Low of 751,000 Last Week

The number of Americans filing initial claims for unemployment fell to the lowest level since the pandemic began, suggesting layoffs are easing despite a rise in coronavirus infections.

In Pennsylvania, Fracking and Renewables Compete for the Future

Battleground state Pennsylvania has been through several energy transitions. Now the attention is on renewables, sparked by efforts to curb planet-warming carbon-dioxide emissions and the plummeting cost of wind and solar power.

ECB Signals Further Stimulus Ahead

The European Central Bank intends to scale up its support of the eurozone’s economy in December, seeking to cushion the region from fallout of a new wave of coronavirus infections that threatens the currency area anew.

China's Leadership Emphasizes 'Technology Self-Reliance'

The Communist Party’s economic blueprint for the next five years sounds a defiant note in the face of U.S. sanctions against Chinese firms, while also targeting per-capita GDP on par with that of countries like South Korea and Spain.

State Department Rules Two Americans Can Be Extradited to Japan in Ghosn Case

A federal judge quickly stayed the extradition of Ex-Green Beret Michael Taylor and son Peter alleged to have helped Carlos Ghosn escape Japan for Lebanon.

Juul Cuts Valuation to $10 Billion

The e-cigarette maker has dropped its valuation to about $10 billion, down from $38 billion two years ago when tobacco giant Altria took a 35% stake, the company told employees on Thursday.

Walmart Pulls Guns, Ammo Displays in U.S. Stores, Citing Civil Unrest

The retail giant, which sells firearms in about half of its 4,700 U.S. stores, said customers can still purchase guns and ammunition upon request even though they are no longer on display.

Spotify Recovers From Early-Pandemic Slump

Spotify moved past a hit early in the pandemic, as customers collectively spent more time listening to the service than before Covid-19 shutdowns.

Comcast Burdened by Covid-19's Impact on Theme Parks

Limited traffic at theme parks and movie theaters during the recent quarter was partly offset by a record number of broadband-subscriber sign-ups.

Netflix Raises Prices as Competition Increases

The streaming service raised the monthly price of its most popular plan for the first time since early 2019 as it competes with a growing number of cheaper alternatives.

Dunkin' Closes Stores as Deal Talks Continue

The coronavirus pandemic has hit breakfast chains hard, prompting strategy changes.

Airbus Stems Cash Losses, Warns of Delayed Recovery

The world’s largest plane maker stemmed an outflow of cash as it learned to navigate an industry reeling from the pandemic, but also said the aviation market’s recovery would start later than initially forecast.

Kraft Heinz Draws Customers Back to Familiar Brands

Higher grocery demand during the coronavirus pandemic is setting the company up to exceed sales expectations for next year.