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
Amazon's market value — its closing share price multiplied by the number of shares outstanding — rose to $702.5 billion on Wednesday, and for the first time passed Microsoft, which is worth $699.2 billion as of the close of trading.
Only Apple and Alphabet are now ahead of Amazon among the most valuable companies in the world. Microsoft is fourth, followed by China's Tencent and Facebook, as the six biggest companies by market cap all come from the technology industry.
Amazon climbed 2.6 percent on Wednesday to $1451.05, while Microsoft rose 1.6 percent to $90.81.
With Amazon's 73 percent surge over the past year, CEO Jeff Bezos has become the world's richest person, surpassing — you guessed it — Microsoft co-founder Bill Gates. Still, Microsoft shares have notched a 41 percent rally in the past 12 months and the software maker remains flush with cash.
The two companies come from very different places, with Amazon dominating e-commerce and Microsoft owning the desktop. But they're now going head to head in cloud infrastructure, where Amazon's big early lead is generating plenty of excitement on Wall Street.