Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Amazon has become a major player in the search engine space, and could soon become a "more important search engine than Google," NYU Stern School of Business professor Scott Galloway told CNBC on Tuesday.
As Amazon reinvents the very industry it disrupted, retail, it is also becoming a primary shopping search engine for consumers, with 55 percent of searches beginning on the site.
Galloway says "Amazon is becoming all of retail" and that consistent innovation has made it "the most disruptive company in the largest economy in the world" — and that disruption fully justifies its lofty valuation. Eventually, people will only shop at Amazon, he said.
"The upgrade of Amazon stock today has nothing to do with selling goods. It's about sponsored goods on the site," said Galloway. That could lead to continued growth in the company's ad business, which Galloway says would "put them in the league of Facebook and Google."