Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Amazon erased $68.1 billion in market capitalization Friday after the company fell short of Wall Street's revenue expectations in the third quarter, making software giant Microsoft the second-largest company in the United States.
Jeff Bezos' mammoth e-commerce company plunged 7.8 percent on the week's final day of trading, the stock's worst day since Oct. 24, 2014. Amazon's market cap is now $803.28 billion; Bezos himself lost $11 billion in equity value Friday.
Google-parent Alphabet, which also missed revenue expectations on Thursday, fell 1.8 percent Friday. The move reduces its market cap by $15.29 billion.
Alphabet reported earnings per share of $13.06 on revenue of $33.7 billion, while Amazon posted EPS of $5.75 and generated $56.6 billion in sales.
The latest glimpse into the financial health of two of the globe's largest companies has renewed a sell-off in the so-called "FANG" stocks, the unofficial name of the group of stocks Facebook, Amazon, Netflix and Google. Now synonymous with big technology as a whole, the collective has underperformed the broader market over the past three months.
Facebook, Alphabet and Netflix have all lost more than 15 percent since late July, while the S&P 500 has shed 6.3 percent. Amazon has lost 9.1 percent since then. Friday's price movement pushes Amazon further away from a $1 trillion market cap, a feat it briefly achieved on Sept. 4. That milestone has only been clinched by one other publicly traded American company: Apple.
The movement also catapulted longtime tech titan Microsoft back ahead of Amazon in terms of size. Amazon surpassed the software company in early 2018. Microsoft's market cap is $821.05 billion.