COVERAGE GAP

Tech Stock Selloff on Earnings

Amazon and Intel shares fell sharply after earnings sparked concerns about AI spending returns.

COVERAGE GAPLEFT SOURCES ONLY

WHAT'S CONFIRMED

▸Tech stocks sold off for a second consecutive day as earnings raised concerns about AI capital expenditure. — Bloomberg Markets, Bloomberg Politics

NOT REPORTED ELSEWHERE

▸Tech earnings showed core businesses of America's tech giants are slowing as they pour money into artificial intelligence. — Bloomberg Markets

Keep comparing

BP reported third-quarter profit of $8.5 billion, its highest in 18 years, boosted by refining margins.

CEO Meg O'Neill said refining margins are softening in the fourth quarter outlook.

Chevron exceeded analyst expectations driven by high oil prices and record refining margins.

Chevron's earnings reached the fourth highest in company history.

DoorDash announced a definitive agreement to acquire Instacart for approximately $17 billion.

The companies stated the tie-up would combine DoorDash's global logistics with Instacart's grocer relationships.

DEVELOPING TIMELINE

First Report Thursday: DoorDash is reportedly close to acquiring Instacart for approximately $17 billion.

Today: DoorDash-Instacart deal now definitive agreement

ECB President Christine Lagarde announced resignation effective February 7, 2027.

Lagarde will resign nine months before her eight-year term ends.