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Max Knoblauch

Shell is reportedly in talks to buy BP in a generationally huge oil deal

Shell is said to be in early talks to buy its $80 billion rival BP in what would be one of the biggest oil deals ever, if it happens, according to reporting by The Wall Street Journal.

Shares of BP went vertical on the news, while Shell dipped.

The deal isn’t certain, according to the WSJ, and talks are slow. Bloomberg reported that Shell was studying the merits of a potential Shell acquisition early last month.

Buying BP would put Shell closer in league with larger competitors Exxon and Chevron. Those two companies are currently embroiled in a corporate battle, with Exxon challenging Chevron’s $53 billion acquisition of Hess.

Exclusive | Shell in Early Talks to Acquire Rival BP

Exclusive | Shell in Early Talks to Acquire Rival BP

The deal isn’t certain, according to the WSJ, and talks are slow. Bloomberg reported that Shell was studying the merits of a potential Shell acquisition early last month.

Buying BP would put Shell closer in league with larger competitors Exxon and Chevron. Those two companies are currently embroiled in a corporate battle, with Exxon challenging Chevron’s $53 billion acquisition of Hess.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

EBay Falls After Giving Weak Profit Outlook for Holiday Period

eBay Bloomberg 10/30

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

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