Stocks slipped on Tuesday as investors digested a sharp rebound from a strong sell-off last week.US Marketsread more
For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
The FDIC on Tuesday voted to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
The launch follows a "preview" earlier this month that allowed only limited customers to apply.Technologyread more
A U.S.-China trade deal would be less likely if President Xi cracks down violently on the large-scale protests in Hong Kong, Secretary of State Mike Pompeo tells CNBC.Politicsread more
At least three children held in detention centers at the Mexican border have died, in part, from the flu, a group of doctors say.Health and Scienceread more
The report was conducted by Senator Jon Kyl, R-AZ, and a team of lawyers who interviewed conservatives who use ans study Facebook.Technologyread more
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
Energy stocks may be fueling up for a comeback rally. One technical analyst says that after the sector's pummeling, these two stocks look particularly good.Trading Nationread more
U.S. interest rates will keep falling and follow global interest rates all the way down to zero, hedge fund manager Kyle Bass said.Marketsread more
Financial advisers are always "buying at the wrong time and selling at the wrong time because they're emotional," the billionaire founder of Baron Capital says.Marketsread more
Technology entrepreneur Rich Barton says government intervention on Amazon in the future is unavoidable.
Barton was asked about his views on Amazon in relation to the Department of Justice's antitrust investigation of Microsoft during the 1990s in a Bloomberg podcast interview.
"I lived through that DOJ thing. It was really rough. It's no fun. And I think it is inevitable as companies get really, really huge," Barton said in the podcast interview published Friday.
"I think Jeff [Bezos] is probably well aware of that," Barton said. Bezos "is trying to do everything he can to delay that as long as possible and to play within the rules, but eventually the tall poppy gets chopped in."
Barton has served on Netflix's board of directors since 2002. He is one of the few businessmen who have started multiple billion-dollar companies. He founded Expedia in 1994, co-founded Zillow in 2005 and worked as a product manager at Microsoft in the early 1990s. Currently, Barton is a venture partner at Benchmark Capital.
Expedia and Zillow have market values of $23 billion and $8 billion respectively, according to FactSet.
The entrepreneur also predicted Amazon will likely dominate the software business going forward:
"They are really the major force in enterprise software as well now. Because of AWS [Amazon Web Services] and because pretty much most computing is moving into the cloud … The whole enterprise software stack is moving out of these premise based systems as sold by Oracle, Microsoft, IBM [while] Amazon keeps adding more and more functionality embedded as a service within the cloud and is taking over chunk by chunk ... these enterprise software categories."
Last week Treasury Secretary Steven Mnuchin hinted the administration may soon take "a position" on Amazon's tax collection policy after President Donald Trump repeatedly blasted the company on the topic on Twitter.
Amazon did not respond to a request for comment.
See the full Bloomberg podcast interview here.