U.S. stock index futures pointed to a lower open on Friday after a report said China will slap new tariffs on U.S. goods.US Marketsread more
China said Friday that it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos.Marketsread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
These are the stocks posting the largest moves before the bell.Market Insiderread more
Moulton was one of the few candidates not to make the debate stages in June and July.2020 Electionsread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
Here are the biggest calls on Wall Street on FridayInvestingread more
Dow to fall on China tariff news; Fed chief Jerome Powell speaks; Fed presidents offer their views; bonds drop; and Larry Kudlow adds a tax twistMarketsread more
Ideas include a rotation of Federal Reserve governors that would make it easier to curb Powell's power, according to the Washington Post.US Economyread more
The Fed's James Bullard says the central bank should continue to ease monetary policy because of the recession signal being flashed by the bond market.Investingread more
Amazon's advertising business is growing fast — now adding billions of dollars to Amazon's quarterly sales.
On Thursday, Amazon disclosed that its "other" sales, mostly comprised of its advertising revenue, jumped 139 percent $2.03 billion for the first quarter, the first time that it's surpassed $2 billion.
"It's now a multibillion-dollar program and growing very quickly," Brian Olsavsky, Amazon's chief financial officer, said during the earnings call.
Olsavsky said advertising on its site is beneficial to both the customers and sellers on Amazon's platform. Ads help Amazon shoppers discover new brands and products more easily, while sellers are able to more effectively reach their target customers, he said.
The huge growth in Amazon's advertising business is reflective of the company's potential as a broader digital ad service.
While Amazon's ad business is still tiny compared to Google and Facebook, which collectively account for more than half of the digital advertising market, it's on track to become the third largest ad player in the U.S. by 2020, according to eMarketer.
"So far, it's been conservative in its ad load," Monica Peart, eMarketer's senior forecasting director, wrote in the report. "It remains an open question as to when Amazon will take advantage of its significant reach and dominance in rich shopper data to ramp up the placement of ads in other areas."
Amazon generates most of its advertising revenue by selling product search results, allowing sellers to buy slots for "sponsored products."
Olsavsky said that the "other" revenue saw an increase of $560 million in the first quarter due to accounting rule changes. But even after backing out those changes, the "other" segment would have grown roughly 72 percent, faster than any quarter in 2017.
He also said there are opportunities for video ads through its Prime Video offerings, but there are no plans to roll them out at the moment.
"We want customers to get the benefit of the new brand and product discovery, and then we want to let sellers for both emerging and established brands reach those customers," Olsavsky said.