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Exxon, Chevron beat analysts' estimates on Permian oil supply boost

Exxon's third-quarter adjusted earnings exceeded expectations by a nickel on Friday, while Chevron surpassed estimates by 11 cents

US elections: 23 Nobel laureates can't be wrong about Donald Trump

Economists, from Columbia University professor Joseph Stiglitz to Massachusetts Institute of Technology's Daron Acemoglu, released a letter endorsing Kamala Harris for US president

Intel, Samsung results rallies seen short-lived on AI-related challenges

The US firm behind the once ubiquitous "Intel Inside" labels has been hurt by a costly effort to start a foundry business as it also fends off upstart AI chip designers like Nvidia Corp

Amazon reassures investors with cost-cutting, AWS Cloud division's growth

The Amazon Web Services cloud division, which suffered record low sales growth last year, continued to regain momentum during the third quarter

Hit by storms & labour union strikes, US payrolls increase by just 12,000

Nonfarm payrolls increased 12,000 last month, and hiring over the previous two months was weaker than previously thought, suggesting the underlying labor market continues to cool

Pakistan's national carrier stake sale now uncertain after low offer

Pakistan's government has failed to privatize the airline in previous attempts because of protests by labor unions and political parties

After iPhone 16 ban, Indonesia now halts sale of Google Pixel phones

It's illegal to trade Google Pixel Phones in Indonesia, even though an estimated 22,000 units have already entered the country

Singapore slams 'smear campaign' from ex-PM Lee Hsien Loong's brother

The escalating war of words between the city's government and Hsien Yang stems from a bitter, yearslong family feud

Apple's investors disappointed after tepid forecast amid China weakness

Homegrown Chinese brands such as Vivo have gained ground in the country, and restrictions on the use of foreign technology at Chinese government offices spread over the past year

Forex reserves of $6 trn to serve as Asia's shield from resurgent dollar

Asian currencies have come under pressure in October, as rising odds of a Donald Trump presidency and uncertainties over the pace of the Federal Reserve's easing bolstered the greenback

Nomura woes deepen with trading scandal, arrest for attempted murder

The scandals reinforce Nomura's image as a firm prone to missteps, including data leaks and a multi-billion dollar loss from the collapse of Archegos Capital Management

LeBron James backs Kamala Harris by invoking Trump's rhetoric on race

James' endorsement with five days until the election comes as Trump has tried to cut into Democrats' historic advantage with minorities

Amazon's belt-tightening produces strong cloud, e-commerce results

The Amazon Web Services cloud division, which suffered record low sales growth last year, continued to regain momentum during the third quarter

Boeing union endorses latest offer to end crippling workers' strike

The union plans to hold a vote on the proposal on November 4

Microsoft Cloud, Office software boost revenue growth beyond projections

Sales in the first quarter, which ended Sept 30, increased 16% to $65.6 billion

US imposes sanctions on suppliers supporting Russia's war efforts

The sanctions also targeted more than two dozen Hong Kong-based entities for shipping components and microelectronics for use in Russia's defense industry

Strong US economy in 2024: Will election uncertainty derail growth?

Former President Donald Trump has been campaigning for another presidency on the premise that he will dramatically rethink the way the global economy works

US jobless claims fall to five-month low as impact of two storms fades

Initial claims decreased by 12,000 to 216,000 in the week ended Oct. 26. The median forecast in a Bloomberg survey of economists called for 230,000 applications

Uber shares slump on muted bookings amid holidays in core US rides business

Despite setting a record, the firm struggled with currency exchange headwinds, which weighed on its rideshare business

Vaunted consumption story in fastest-growing major economy cracking: Report

Urban demand growth has been trending down for five quarters, data from market research firm Kantar Worldpanel shows. And the sense of unease around this is spreading