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
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
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
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
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
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
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread 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
All five FAANG companies — Facebook, Amazon, Apple, Netflix and Google parent company Alphabet — snapped their losing streak Wednesday after closing multiple trading days in the negative. All five stocks finished the day up at least 6 percent as the Dow gained over 1,000 points, its highest point gain ever.
The rally came as the market overall recovered from its worst Christmas Eve sell-off ever. The tech-heavy Nasdaq Composite Index rose sharply, closing at 5.8 percent. Amazon, Apple, Netflix and Alphabet each had four straight trading days in the negative, while Facebook saw two straight days in the negative prior to the rally.
Amazon finished the highest of the group, up 9.4 percent after announcing a record-breaking holiday season by number of items sold as it tries to beat its own weak outlook for the quarter. The company did not disclose revenue for the sales, so investors will have to wait for Amazon's next earnings report to get the full picture of the shopping season. Amazon plunged 10 percent after its last earnings report when it projected operating income of $2.1 billion to $3.6 billion, below analyst estimates of $3.9 billion.
Apple finished the day up 7 percent after a report from Consumer Intelligence Research Partners found it successfully drew in a greater number of Android users with its latest iPhone release, compared with previous years.