Exxon and Chevron report massive profits after Trump brags U.S. energy companies are ‘making a freaking fortune’ just before midterms
Wars and geopolitical risks prove profitable, although Big Oil eyes more long-term certainty.
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Tesla and 113 other companies paid no current federal income tax, but they still aren’t the biggest threats to the federal deficit, think tank warns
The Institute on Taxation and Economic Policy found more than 700 profitable companies paid less than half of the 21% statutory corporate tax rate, the lowest rate in decades.
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Amazon shares sink as spending on AI overshadows growth in cloud unit
E-commerce giant is among the biggest spenders on AI infrastructure.
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Amazon CEO says shopping agents like Meta’s Muse ‘not great’
In September, Amazon blocked Meta’s popular new AI assistant from accessing its online store.
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Alphabet just had its worst day as a public company. BofA now values Google search at a lower multiple than fossil fuel stocks
Search revenue missed forecasts and free cash flow went negative. Bank of America now values Google’s core search business at about 10 times earnings, against 18.7 for the S&P 500.