Darth Bezos rises... on Amazon's insane quarter. In three months, the Zon brought in $96.1B in sales, breaking its record high from the previous quarter as we 1-Click ordered rice cookers. Profit tripled from the same quarter last year to a ginormous $6.3B. But the stock fell because Amazon's weirdly expecting to rake in less profit during the holiday quarter than it did last quarter.
A gassy surprise... Shell was one of the few stocks to jump while the market plunged last week. The oil giant surprisingly decided to boost its dividend payout to shareholders, just 6 months after reducing it for the 1st time since WWII. Despite beating (low) expectations, Shell's quarterly earnings were just $955M, compared to $4.8B last year. That's still better than Chevron, Exxon, and BP, which each saw yet another quarter of losses as COVID continues to slam oil.