Powell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
Stocks opened lower on Friday after China said it will slap new tariffs on U.S. goods.US Marketsread more
One area that has been raising alarm bells is the market's growing expectation that inflation will go lower and lower, and stay there for a long time.Market Insiderread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
On Tuesday, Walmart filed suit against Tesla alleging its solar panels had caused fires in seven of its stores.Technologyread more
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.US Economyread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
At least three members of Facebook's Libra organization are considering leaving the operation due to intense regulatory scrutiny.Technologyread more
Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.Technologyread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
Andrew McCabe filed a lawsuit alleging that his removal was part of a scheme by President Donald Trump to remove government employees "because they were not politically loyal...Politicsread more
Canaccord Genuity upgraded Google-parent Alphabet to buy from hold, calling it the most defensive stock among the "FANG" names.
The company's revenue should grow 15 percent to 20 percent for the next two to three years, which "coupled with abating gross margin pressure and continued share buybacks," should lead to more than 15 percent annual growth rate between 2020 and 2022, according to Canaccord.
"Competitive risk from Amazon's advertising business is likely manageable, and we view Google as the most defensive of the FANG stocks given the steady performance and reasonable valuation," Canaccord's analyst Maria Ripps said in a note on Thursday.
Canaccord also increased its 12-month price target for Alphabet to $1,250 from $1,140, which would represent a 22 percent gain from its Thursday's close at $1,023. Shares of Alphabet lost about 3 percent in 2018 while the fell 6 percent.
The FANG stocks had a stellar first half of 2018 but saw their shares tumble during the past three months. Facebook shares have fallen 13 percent. Amazon shares also have fallen more than 20 percent since the company reached a $1 trillion valuation earlier this year. Netflix shares are down 30 percent in three months on concerns about slowing subscriber growth.