Some of Friday’s top business news stories:
Associated Press
Record economic plunge, bleak jobs numbers reveal virus toll, by Martin Crutsinger, Paul Wiseman
Amid the pandemic, Big Tech reports mixed earnings, by Michael Liedtke, Matt O’Brien, Joseph Pisani, Tali Arbel
CNN
Amazon trounces earnings estimates despite spending $4 billion on coronavirus measures, Clare Duffy
Lamborghini’s new supercar isn’t legal to drive on public roads, by Peter Valdes-Dapena
The Wall Street Journal
Auto Giants Swing to Loss During Coronavirus-Driven Downturn, by Mike Colias, Ruth Bender
Gilead Raises 2020 Profit Outlook on Remdesivir Demand, by Joseph Walker, Maria Armental
CNBC
Tax hike on California millionaires would create 54% tax rate, by Robert Frank
Coastal flooding could hit nearly 20% of global GDP as climate change accelerates storms, sea level rise, by Emma Newburger
Reuters
Taking on SpaceX, Amazon to invest $10 billion in satellite broadband plan, by David Shepardson, Joey Roulette
Buffett’s Berkshire boosts its stake in Bank of America to 11.8%, by Jonathan Stempel
News about business journalism
Reuters voluntary work from home extended to January 2021
Biz journalist Madowo joins BBC World as U.S. correspondent
Homans, editor of Vanity Fair’s The Hive, has died
NationalReview launches business and finance section
Ex-BuzzFeed political correspondent Ashton to join Bloomberg
