Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Stocks in Asia were tepid on Wednesday afternoon after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
More than 1,000 protesters marched to major foreign consulates on Wednesday calling on leaders at the upcoming G-20 summit to raise the plight of Hong Kong with China and to...World Politicsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Speaking at the Goldman Sachs Technology and Internet Conference in San Francisco on Tuesday, Greene said that companies selling software as a service (SaaS) are adopting Google's cloud because they know that Google isn't going to develop rival technology.
"We're their friend," Greene said, in response to a question from Goldman Sachs analyst Heather Bellini about how conversations change when Amazon enters a new market.
Google does offer some subscription software products in its G Suite line of productivity apps, alongside the Google Cloud Platform, which companies can use to host their applications. But Amazon causes much more consternation than Google in the software market, as it keeps introducing databases, analytics services and management tools that compete with companies relying on AWS for infrastructure.
Greene also said that Google is gaining business from retailers as Amazon continues to dominate e-commerce and now moves into more physical stores.
Earlier this month Google disclosed the size of its cloud business for the first time. Between G Suite and Google Cloud Platform, the company is now generating more than $1 billion in revenue per quarter, which still puts it well behind AWS and Microsoft Azure.
Here is Greene's response to Bellini's question:
I remember, shortly after I started at Google, I got invited to ... the Research Board, which is, you know, very high-end CIOs, and they, you know, all the questions -- and it was on my birthday, I remember it was very unpleasant -- and all the questions were, Google's going to compete with us. I mean, they thought we were going to become insurers. They thought we were going to do everything. and I was like, No we're not going to do that, we're pretty focused. And now nobody worries about that with Google, because Google's got -- you know, we're really clear about what we're doing and not doing. And now everybody is looking at Amazon and, like, that's why we got so many retailers right away, but now it's kind of going through the whole industry. People seem to not be worried about it. We're their friend, and they're a little concerned. And you know it also tends to be a good thing for us with the SaaS vendors, because we're not doing that.
Amazon still has plenty of sizable customers in those industries. Cloud software makers like Slack and Zendesk are clients as are retailers Brooks Brothers and Lululemon. Amazon did not immediately respond to a request for comment.