Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
Investors rushed into the safety of bonds Thursday and sold stocks, as it appeared the trade war could be prolonged and more painful for the world economy than expected.Market Insiderread more
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread more
The president signaled that he is open to negotiating U.S. restrictions on the Chinese telecom giant as part of a broader trade deal, even as he called Huawei a "very...Politicsread more
"We still haven't seen the big estimate cuts that we can expect from the analysts who weren't expecting President Trump to keep raising tariffs," Jim Cramer says.Mad Money with Jim Cramerread more
Google parent company Alphabet just spun out two more subsidiary companies.
Project Wing, its drone delivery system, and Project Loon, which makes internet-delivery balloons, both "graduated" from Alphabet's X research division to become separate, independent businesses.
Loon will be led by executive Alastair Westgarth, while James Ryan Burgess is the new CEO of Wing.
These are the fourth and fifth X businesses to spin out and became their own Alphabet companies, following , Waymo and Verily. Alphabet calls these companies "Other Bets."
"Now that the foundational technology for these projects is built, Loon and Wing are ready to take their products into the world," X CEO Astro Teller wrote in a blog post on the news, "This is work best done outside of the prototyping-focused environment of X."
By becoming standalone businesses, Loon and Wing will now be required to more financially accountable than when they were part of the X division. In the first quarter of this year, Alphabet's "Other Bets" category posted revenue of $150 million on operating losses of $571 million.