Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
Markets in Australia and Japan looked set to open slightly lower as investors worried over trade tensions between the U.S. and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
Investors rushed into the safety of bonds Thursday and sold stocks, as it appeared the trade war could be prolonged and more painful for the world economy than expected.Market Insiderread more
President Donald Trump blasted Amazon on social media Wednesday, saying the e-commerce giant is hurting retailers and causing U.S. job losses.
Amazon shares fell as much as 1 percent in premarket trading after Trump's tweet. The stock closed down 0.5 percent Wednesday, underperforming the SPDR S&P Retail ETF's 0.9 percent gain.
"While this is not his first tweet about Amazon and taxes (and of course, the Washington Post), we do find it interesting that he is now linking Amazon and job losses in traditional retail," KeyBanc Capital Markets analyst Edward Yruma wrote in a note to clients Wednesday.
Trump bashed the "Amazon Washington Post" three times from July 22 to July 24 on Twitter. He also blasted Amazon in June for "not paying internet taxes."
Amazon declined to comment on the latest Tweet.
During a campaign rally in February 2016, Trump told the crowd: "If I become president, oh [does Amazon] have problems. They're going to have such problems." He claimed its CEO, Jeff Bezos, bought The Washington Post only to have "political influence."
Treasury Secretary Steven Mnuchin also hinted in July the administration may soon take "a position" on Amazon's tax collection policy.
Sen. Joe Manchin, D-W.Va., asked the Treasury secretary about his view on internet state sales taxes at a Senate hearing on July 26.
"So this is an issue that we've been looking at very carefully within the administration, and we expect to come out with a position shortly," Mnuchin said. "I am encouraged that Amazon is now charging tax, I believe, on their own sales but not the marketplace. I'm not sure I understand the consistency on that, but I respect the states' ability that there's an awful lot of money that's not being collected."
Mnuchin is referring to e-commerce giant's "third-party" marketplace, where other firms sell goods on Amazon's website. This compares to its "first-party" business, where the internet company sell products directly to customers.
Amazon does offer a state sales tax collection feature to "third-party" sellers, according to The Wall Street Journal. However, it is unclear how many use the service.
As of April 1, Amazon began collecting state sales tax nationwide for products it sells directly, so called "first-party" sales, with the exception of states that don't have a sales tax: Alaska, Delaware, Oregon, Montana and New Hampshire.