The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
The leaked documents give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
In a statement Monday, Barr named Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
It was five years this past weekend that the global financial crisis officially started, prompted by the bankruptcy of Lehman Brothers. Since then, the S&P 500 has risen 42 percent. Only three of the 10 largest S&P 500 sectors have outperformed the broader index.
The rising sectors are consumer discretionary sector, which is up 100 percent, health care, up 61 percent, and information technology up 60 percent.
Materials, telecom and energy sector have all risen in the 20-percent range in the past five years.
At the bottom: utilities, which have risen only 5 percent, and financials, up 7 percent.
In the years leading up to the crash, from 2003 to 2008, there was a clear leader—energy, up 143 percent; and a clear laggard—financials, down 26 percent.
By Christina Medici Scolaro
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