 | | | | President Donald Trump's campaign is touting the blockbuster Gross Domestic Product figure released Thursday morning as evidence that the U.S. economy is healing quickly, while his Democratic opponent Joe Biden is focused on the "deep hole" the economy is still in because of the pandemic. | | | | | | Crude oil fell again on Thursday as lockdowns in Europe and rising cases elsewhere clouded the demand outlook, while stocks rose as Wall Street rallied. | | | | | | Juul Labs Inc has cut its valuation to about $10 billion from $12 billion at the end of last year, according to a company memo seen by Reuters on Thursday, as the once red-hot e-cigarette maker fizzles in a tumultuous period for the industry. | | | | | | Exxon Mobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. | | | | | | Apple , Facebook , Amazon and Alphabet rallied on Thursday ahead of earnings reports from the group of technology heavyweights that has helped keep Wall Street in positive territory this year, despite the coronavirus pandemic. | | | | | | Apollo Global Management Inc, the private equity firm under investor scrutiny over CEO Leon Black's ties with late financier and convicted sex offender Jeffrey Epstein, reported an 8% drop in third-quarter distributable earnings on Thursday. | | | | | | U.S. stocks advanced on Thursday as investors piled into technology heavyweights ahead of their earnings reports, while upbeat domestic economic data calmed widespread concerns about surging coronavirus cases. | | | | | | A federal judge on Thursday granted a last-minute request to stop the U.S. government from turning over to Japan two men accused of helping smuggle former Nissan Motor Co Chairman Carlos Ghosn out of the country while he was awaiting trial on financial crimes. | | | | | | The chief executive of Cenovus Energy said he is confident shareholders will approve its acquisition of rival Husky Energy, despite big quarterly losses and a stock sell-off. | | | | | | Exxon Mobil Corp was once the largest U.S. publicly traded company by market value in the United States. Now, the oil major is not even the most valuable energy name, having been surpassed by rivals and even a renewable company, as it tries to maintain its hefty dividend. | | | | | |
