Bloomberg Top News

Devon Energy Corp., an Oklahoma City-based oil and gas company, is studying major acquisition targets as it seeks to gain scale in US shale, according to people familiar with the matter.

Costco Wholesale Corp. said Chief Executive Officer Craig Jelinek will step down after over a decade at the helm during which shares and revenue soared at the warehouse club retailer.

A giant exchange-traded fund tracking the Nasdaq 100 (QQQ) advanced in late trading as Tesla Inc. rebounded, while Netflix Inc. rallied after earnings. The gains signaled a recovery in megacaps, following a slide driven by geopolitical risks and higher Treasury yields.

President Joe Biden’s 7.5-hour trip to Tel Aviv signaled full US backing for Israel but fell short on another key goal: winning over Arab leaders.

Las Vegas Sands Corp. shares jumped after the company authorized its first share buyback program since 2020, signaling management’s confidence in the business after years of pandemic-related hardship.

Those closely following the quest for an exchange-traded fund that would hold Bitcoin have Friday circled on their calendars.

Discover Financial Services posted a 33% drop in third-quarter profit as write-offs climbed and the firm set aside more money to cover future loan losses.

SAP SE climbed in late US trading after Europe’s biggest software company reaffirmed its annual forecast and pointed to the “resilience” of its business.