Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
Chinese President Xi Jinping is expected to present U.S. President Donald Trump with the terms it expects the U.S. to meet before Beijing is willing to settle the countries'...World Economyread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
The Chinese Ministry of Commerce maintained a firm stance against the U.S. during a weekly press conference on Thursday, less than two days ahead of a scheduled meeting...China Economyread more
Carl Icahn ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes...Energyread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
The stock market is shrinking for several key reasons, but there's a way for investors to maneuver it, says Citi Research strategist Robert Buckland.Trading Nationread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Waymo has officially expanded its reach and is now making some of its self-driving minivans available for customers of ride-share firm Lyft.Transportationread more
Shares of Overstock.com briefly surged more than 23 percent Monday after Morgan Stanley Investment Management disclosed an 11.4 percent stake in the company.
The investment management division of Morgan Stanley has $447 billion in assets under management and its products include mutual funds and hedge funds. The unit said in a 13G filing Friday with the Securities and Exchange Commission that it owned nearly 2.87 million shares of Overstock.com as of Nov. 30.
A 13G filing is typically used for passive stakes of between 5 and 20 percent of a company. Representatives for Morgan Stanley Investment Management and Overstock.com did not immediately respond to a request for comment.
With Monday's gains, Overstock.com shares were on pace for their best day since Nov. 9. The stock leaped 30.7 percent that day, after D.A. Davidson analyst Tom Forte predicted more than 60 percent in gains for it. Forte pointed to indications on Overstock's third-quarter earnings call that the company could sell its home goods e-commerce business to focus on bitcoin's blockchain technology through its Medici Ventures division.
Forte maintained his $85 price target on Monday, still nearly 52 percent above Monday's session high of $56.05 a share.
Overstock's gains accelerated in the last few months after news that the company is planning to launch a licensed digital coin trading platform through its subsidiary tZero and raise funds through an initial coin offering. The shares are up more than 200 percent this year.
Bitcoin leaped more than 9.5 percent to above $16,500 on Monday, according to CoinDesk's bitcoin price index, after the launch of bitcoin futures on the Cboe Futures Exchange Sunday night.