The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America/Merrill Lynch (BAML) said on Friday.
The data, which tracks flows through Wednesday, also showed some alarm over junk debt, with some $600 million in outflows from high-yield bond funds, an eight-week high.
World stocks are witnessing their second day of losses, albeit after the longest daily winning streak in almost 11 years. A 0.4 percent pullback in U.S. tech shares on Thursday came after a 40 percent jump in 2017 alone.
"The recent pullback is a 'dress rehearsal' not the Big One," BAML told clients, noting the fall had been preceded by "insane gains" which had pushed for instance the value of U.S. tech firms and their U.S.-listed Chinese peers past the entire market capitalization of Germany's DAX index.
U.S. as well as European junk bond yields have hit record lows in recent months, with the latter having fallen below U.S. Treasurys, the bank noted.
A meltdown would "require recession risk or moves higher in wage inflation, bond yields, and volatility or credit spreads."
Equity funds received a net $3.9 billion, slowing from the previous week's $5 billion, though mutual funds witnessed $1 billion in outflow.
U.S. equities suffered outflows of $5.6 billion while European funds took in $2.9 billion, having enjoyed gains in nine of the past 10 weeks.
Bonds took in $6.5 billion, with the 46th straight week of flow to investment-grade funds and $500 million going to emerging debt funds, the latter slowing from recent weeks.