House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
Analysts think Microsoft's Azure cloud growth slowed in the fiscal fourth quarter. But Windows revenue could benefit from better-than-expected PC sales.Technologyread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Stocks erased earlier losses, but the rise was kept in check as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Business advocacy organizations sharply criticized the House of Representatives for passing a bill to raise the minimum wage to $15, saying it would be a costly job killer.Politicsread more
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.Financeread more
President Donald Trump tweeted another attack on Amazon — his fifth in a week — this time focusing his criticism on The Washington Post, which is owned by the online retailer's CEO, Jeff Bezos.
"The Fake News Washington Post, Amazon's 'chief lobbyist,' has another (of many) phony headlines," the president tweeted, criticizing the newspaper's coverage of the U.S. trade standoff with China.
Trump's tweet was aimed at an article in the Thursday morning edition of the Post, which said that the president "showed no sign" of backing down during trade tensions with China.
Amazon stock was up 2 percent in early trading Thursday.
The president's tweet repeated his false claim that the Post acts as a "lobbyist" for Amazon. The newspaper's management has repeatedly denied that Bezos influences editorial strategy and coverage.
Trump has been teeing off on Amazon, claiming that it is taking advantage of its deal with the U.S. Postal Service to hurt brick-and-mortar retailers.
"You have retailers all over the United States that are going out of business," Trump said Tuesday. "If you look at the cost that we're subsidizing, we're giving a subsidy to Amazon."
Several observers, however, have argued that USPS partnership with Amazon has been positive for the delivery service, which loses money due in large part to mandated pension prepayments.