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
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Assets under management at Swiss private bank Julius Baer rose 12% in the first four months of 2019 to a record 427 billion Swiss francs ($425.34 billion).Earningsread 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
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
Asia Pacific markets were mostly in negative territory on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
At its worst, Amazon plunged 10 percent, dragging Bezos' wealth down as much as $14 billion. The plunge was a reaction to Amazon's report, which revealed lower than expected guidance for the upcoming holiday season. Amazon closed down 7.82 percent for the day.
Bezos' net worth was $138 billion on Wednesday, according to Bloomberg.
Despite beating earnings per share at $5.75 versus $3.14 estimated, according to Refinitiv, Amazon grew revenue at a slower-than-expected pace. Analysts estimated $57.10 billion in revenue for the quarter, according to Refinitiv, and Amazon reported $56.6 billion.
Amazon's guidance for the fourth quarter indicates growth is likely to slow down over a key shopping season. Still, the company expects to see growth for its high-margin cloud and advertising businesses.