Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
When Google first passed Microsoft in terms of stock market value six years ago, it looked like the companies were headed in opposite directions.
But over the past 12 months, Microsoft has surged 40 percent, more than five times Alphabet's gain, and has again become the more valuable of the two. As of Tuesday's close, Microsoft was worth $749 billion and Alphabet's market capitalization stood at $739 billion.
Microsoft's latest rally has been sparked by growth in its cloud computing business, which is bigger than Google's though it still trails Amazon Web Services. In March, Microsoft reorganized its Windows and Devices Group and moved its engineering resources into other units, including one focusing on cloud and artificial intelligence.
Google went public in 2004 and spent the next eight years closing the gap with Microsoft, which debuted on the stock market in 1986. Even after Google first passed Microsoft in 2012, the companies flip-flopped several times over the next few years.
But Google, which created Alphabet as its parent company in 2015, took a commanding lead that year and held onto it until this month. Microsoft is now the world's third most valuable publicly traded company, behind Apple and Amazon. Alphabet is fourth, followed by Facebook and China's Tencent.
On Tuesday, Microsoft fell 0.4 percent to $98.01, while Alphabet's Class A shares dropped 1.5 percent to $1,068.07.