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
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
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread 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
Stasior left Apple earlier this year. Prior to his time in charge of Siri, he was a top executive at Amazon.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
May's employment report could be just as weak if not weaker than April's, due to an expected slowdown in hiring at big chain stores and the temporary impact of the Verizon strike.
The consensus estimate of economists is for 164,000 nonfarm payrolls, with the unemployment rate at 4.9 percent, according to Thomson Reuters. In April, the unemployment rate was 5 percent and payrolls were at 160,000, a shocking 40,000 below what was expected.
This month, economic forecasters have lowered their expectations due to the impact of 35,000 striking Verizon workers. The company announced an end to that strike last week. The jobs report is expected at 8:30 a.m. EDT Friday, at the same time international trade data is released. There are also ISM nonmanufacturing and factory orders at 10 a.m.