Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
The 2019 PGA Championship wraps up on Sunday, May 19. Here's how much money the champion will earn.Earnread more
While the prolonged fight has been devastating to an already-struggling agriculture industry, there's little indication Trump is paying a political price.Traderead more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
Consumer sentiment in the U.S. was opposite of expectations in the final reading of August, rising slightly rather than further weakening as economists predicted.
The University of Michigan's monthly survey of consumers hit 96.2 in the final reading of August, better than the drop to 95.5 expected from economists polled by Reuters. Sentiment among consumers fell to 97.9 in July, from 98.2 in June, as a result of fears over the impact of tariffs on the domestic economy.
"Although there was a small uptick in late August, consumer sentiment remained at its lowest level since January," Richard Curtin, chief economist for The University of Michigan's survey, said in a statement. "These results stand in sharp contrast to the recent very favorable report on growth in the national economy."
Curtin said consumers have "luckily" not yet interpreted the current inflation rate "as a significant source of erosion in their living standards or as a cause to reduce their buying plans." Consumers view future income and job stability as the main reasons for their positive views on spending, Curtin added.
The index has slumped since March when it reached its highest level since 2004 with a reading of 101.4.
The survey considers 500 consumers' outlook on economic prospects, accounting for sentiment on personal finances, inflation, unemployment, government policies and interest rates.