Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
Asian cities are on the rise and are dominant in the Fintech space.Financeread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
After spending the last two years in the doghouse, online real estate player Zillow Group has bounced back, up more than 11 percent this year.
More people now type the word "Zillow" into Google than the words "real estate," Zillow's CEO Spencer Rascoff told Jim Cramer on Wednesday.
Zillow's database features over 110 million profiles of U.S. homes, and generates revenues through advertising subscriptions aimed at real estate professionals, mortgage lenders and brand advertisers.
Rascoff attributed the success of his to the wide array of brands it covers, which include Zillow, Trulia, StreetEasy, Hotpads and Naked Apartments.
"The combination of that audience across all those brands are the reason that we are killing it," Rascoff said.
Rascoff says with Zillow's brands and audience, the company is now positioned to tap into the billions of advertising spent in and around the home.
Read more from Mad Money with Jim Cramer
"Competitors will do what they're going to do on the business battlefield and in the courtroom; and we are going to do what we are going to do, which is innovate," Rascoff said.
Zillow has been locked in a battle with Move Inc., which made a move for sanctions against Zillow over trade secrets and personnel. On Wednesday, King County Superior Court ruled in Zillow's favor. Rascoff says mounting legal expenses from the lawsuit have not impacted the bottom line.
"It hasn't, fortunately, impacted our business results. We are still killing it; we are growing rapidly, but there is no question that we are spending a lot of money defending ourselves in this lawsuit," Rascoff said.
Zillow reported earnings in early May and painted a bullish picture for the rest of the year. That sent shares rallying more than 12 percent the next day. While the quarter was mixed, with a wide than expected earnings loss coupled with higher than expected revenue, management maintained strong guidance for the next quarter.
Going forward, Rascoff expects to continue to focus heavily on the mortgage lender and rental business.
"We are already the largest rental site on the web. Over 30 million people use our different sites to shop for a rental every month," he added.