In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead 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
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
Apple's iOS 13.1 will be released on Sept. 24, six days earlier than previously announced.Technologyread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
The move could bring a welcome salve to farmers caught in the crosshairs of the trade war if it results in a reopening of the market.Politicsread more
The pilot program will deliver food and beverage, over-the-counter medications and other items within minutes, the company said. Prescription deliveries will not be available.Health and Scienceread more
The smart money got this one right. Alibaba shares are surging Thursday as the Asian e-commerce giant reported better-than-expected earnings results.
Some of the biggest names in hedge funds bought Alibaba shares in the June quarter, according to required 13F filings with the Securities and Exchange Commission.
The company reported fiscal first quarter sales of 50.2 billion Chinese yuan compared with the 47.7 billion yuan Wall Street consensus, according to FactSet. Earnings per share for the quarter also came in better than expected at 7.95 yuan versus the 6.24 yuan estimate.
The company's shares rose 4 percent in the New York trading Thursday, reaching an all-time high.
David Tepper's Appaloosa disclosed a 3.7 million stake in shares of Alibaba and Dan Loeb's Third Point also bought 4.5 million shares in the second quarter, according the filings.
"We believe that Alibaba is among the best business models in the global internet sector, and is the clear winner in the consolidated Chinese e-commerce market," Loeb wrote in an investor letter to clients on July 26.
Stan Druckenmiller's Duquesne Capital and Julian Robertson's Tiger Management also revealed new stakes of 710,000 shares and 214,000 shares, respectively, in Alibaba, according to filings on Monday.
The internet firm is one of the market's best-performing names this year as its shares have rallied 81.6 percent year to date through Wednesday versus the S&P 500's 10.2 percent return.
— CNBC's Evelyn Cheng contributed to this story.