The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
Investors are piling into gold, sending the precious metal to a six-year high on Monday, and analysts think the commodity has established a base to go even higher.Marketsread more
Melania Trump added that she is "excited to have Stephanie working for both sides of the @WhiteHouse."Politicsread more
The yield on the benchmark 10-year Treasury note fell below 2% on Tuesday as investors looked for safety following the release of much weaker-than-expected confidence data.Bondsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.Marketsread more
More than 150,000 former students of for-profit colleges filed a lawsuit against the U.S. Department of Education and Education Secretary Betsy DeVos on Tuesday, claiming the...Personal Financeread more
Amazon announces that Amazon Prime Day will last for two days, starting July 15.Technologyread more
Buyers pulled away from the builders in May, even as affordability improved, thanks to lower mortgage rates.Real Estateread more
The Congressional Budget Office estimated Tuesday that the national debt will rise to 141% of the economy over the next 30 years — 11 percentage points lower than the agency...Economyread more
Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
The company surpassed Microsoft and Amazon Wednesday with a market capitalization of $821.59 billion. Microsoft ended the trading day with a market value of $813.48 billion and Amazon ended the day with a market value of $805.70 billion. The three companies have been in a tight race for the top spot since late last year, with Microsoft ending 2018 on top and Amazon briefly stealing the crown.
But the recent earnings season has swung the pendulum back in Apple's favor. Apple suffered a steep loss in market value in early January after warning investors to expect weak revenue for its first quarter 2019. In the three months leading up to the warning, investors already anticipated the revenue drop and Apple's market cap bled $452 billion.
Apple's warning tempered expectations so effectively that its actual earnings report was well-received. The stock soared nearly 7 percent the day after Apple's report, where it proved strong services margins even as its iPhone revenue was down 15 percent.
Amazon and Microsoft's earnings reports, on the other hand, under-delivered compared to analysts' expectations. Microsoft fell as much as 4 percent after missing on revenue and providing light guidance. Amazon initially rose on its earnings and revenue beat, but fell sharply once executives revealed on the call with analysts that the company will ramp up investments in hiring and capital expenditure this year and noted concerns around new regulation in India. The stock even fell into bear market territory on Friday, dropping below $800 billion in market value.