Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Airlinesread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
Amazon is increasingly going global, and it's taking sellers along for the ride.
In its first-quarter earnings report on Thursday, Amazon said that global sellers accounted for 25 percent of third-party sales on the site last year. That's growth of 50 percent from the previous year.
Amazon has been rolling out services to make it easier for merchants to become exporters using the company's logistics system and its vast network of fulfillment centers.
The more Amazon can lean on third-party sellers, the better for its bottom line. Rather than subsisting on the razor-thin margins that come with buying inventory in bulk from other brands and reselling it, the marketplace lets Amazon make money from fees that it charges for storing and shipping goods and fulfilling orders.
Growing Marketplace sales is one reason why Amazon's operating income surged 92 percent in the quarter, increasing more than twice as much as revenue, which rose 43 percent. Revenue from third-party seller services, which includes commissions, fulfillment and shipping fees, increased 44 percent to $9.3 billion, accounting for 18 percent of total sales.
Amazon shares jumped more than 6 percent in extended trading on Thursday after its results topped analysts' estimates.
While the company's third-party business is a major revenue and profit driver, some sellers have experienced problems with the platform. Counterfeits have flooded in from overseas, undercutting businesses in the U.S. and leaving them stranded with inventory. (Amazon says it strictly prohibits "the sale of counterfeit products.)
There's also an ongoing problem with fake reviews, and CNBC has reported on merchants who have been suspended due to false infringement claims.
Nevertheless, CEO Jeff Bezos touts the marketplace as an unqualified success. In his recent shareholder letter, Bezos said that for the first time more than half of units sold worldwide last year came from third-party sellers, and that over 140,000 businesses topped $100,000 in sales.