Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Facebook made headlines in the markets this week after its recent stock rally pushed its market value toward the upper echelons of American business history.
Traders and investors drove Facebook's valuation north of $238 billion, which represents a record high. In doing so, they made the social media giant worth more than Wal-Mart. Yes, that means that Facebook's Mark Zuckerberg's attempt to link everyone around the world with pictures, comments and status updates is now worth more than the biggest retailer in the world.
It's the latest example of relatively younger companies wielding more of an influence on the overall . For example, at the end of 2010, ExxonMobil was still atop the S&P 500 market cap rankings, with Apple hot on its heels. Chevron, Procter and Gamble, IBM and AT&T were also fixtures in the most valuable companies in the index.
Fast forward to today, where Apple has built up such a commanding lead in the market value category that it dwarfs both second- and third-place companies Google and Microsoft, respectively. In fact, Apple is as big as both Google and Microsoft combined.
These are larger shifts in the business landscape of America's publicly traded companies, but for companies like Facebook, the disruption and seismic shifts they are creating can happen in much shorter timeframes. Whether they have the endurance to be a part of the bigger picture long term remains to be seen.