The Week (US)

The bottom line

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■■ Profits at Google parent Alphabet have soared by

$12 billion annually since Trump’s election in November 2016, and Apple had a $13 billion per year increase. The biggest losers are oldfashion­ed manufactur­ing companies. General Electric and Boeing, each saw revenue decline by $35 billion per year.

Axios.com

■■ Amazon CEO Jeff Bezos sold more than $3 billion worth of his stock last week. His total cash-out in 2020 is $10.2 billion, almost five times the sum he reaped from share sales in 2019.

CNBC.com

■■ The cult sneaker and streetwear brand Supreme, with just 12 stores, was sold for $2.1 billion to VF Corp., the parent company of Vans and Timberland.

The Wall Street Journal

■■ More than half of small business owners (52 percent) have stopped paying themselves in a bid to keep their businesses afloat, and 42 percent already have begun laying off employees or cutting workers’ pay, according to a survey from Goldman Sachs.

Axios.com

■■ Nearly 3.6 million Americans were out of work for at least 27 weeks as of October, a jump of nearly 50 percent from September. They now account for one-third of the unemployed, up from less than one-fifth a month earlier.

CNN.com

■■ The Bangor, Maine, Daily News said the paper saw a 3,000 percent increase in political ad revenue this cycle compared with 2014, the last time Sen. Susan Collins ran for re-election. Collins’ opponent, Sara Gideon, raised more than $68 million in a losing bid to displace Collins.

BuzzFeedNe­ws.com

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