Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
One Wall Street brokerage now favors online streaming giant Netflix over e-commerce behemoth Amazon because of Sen. Elizabeth Warren's proposal to break up Big Tech, which may gain traction on a progressive platform.
BMO Capital Markets told clients on Friday that it's made Netflix its top technology stock in light of the Massachusetts Democrat's plan to bust up Amazon, Facebook and Google.
"We continue to seek out how the legal path might progress for these types of actions, but in the short term, we think it's appropriate to move Netflix to Top Pick and Amazon to No. 2," analyst Daniel Salmon wrote in a note to clients.
"We have less confidence in the subject being a wall of worry to climb and instead increasingly clouding the fundamental thesis for Amazon," he added. "Netflix, on the other hand, faces little to no regulatory risk, in our view; thus, we are more comfortable with it in the Top Pick slot at the moment."
Warren, who announced her bid for president last month, published in a lengthy blog post on March 8 that her administration would make "big, structural changes to the tech sector to promote more competition—including breaking up Amazon, Facebook, and Google."
The longtime progressive praised prior antitrust litigation — including the government's case against Microsoft in the 1990s and the dissection of Standard Oil a century ago — for its ability to promote a more competitive marketplace.
"The government's antitrust case against Microsoft helped clear a path for Internet companies like Google and Facebook to emerge," Warren wrote. "The story demonstrates why promoting competition is so important: it allows new, groundbreaking companies to grow and thrive — which pushes everyone in the marketplace to offer better products and services."
Even if Warren is not elected, this progressive backlash could prove another political headache for Amazon CEO Jeff Bezos, whose business and logistical prowess has helped grow the online retailer into the third-largest public company in the United States with a value of $828 billion.
Amazon announced last month that it will not build a headquarters in New York City following local opposition, the company said in a statement. Local and state leaders had voiced popular opposition to the company's plan after New York City and state had offered the company performance-based incentives amounting to nearly $3 billion.
Shares of both companies rose in premarket trading Friday, with Netflix up 0.5 percent and Amazon up 1.2 percent. Separately, KeyBanc upgraded Amazon to an overweight rating.