Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."CNBC Disruptor 50read more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
Amazon executives said on its last earnings call that it will spend $800 million in the second quarter of 2019 to shorten the standard shipping program for Prime customers from two days to one. The program is launching in North America and will eventually go global, the executives said.
The initial announcement in April sent shares of Walmart and Target tumbling as they will be pressured to keep up with Amazon's delivery speeds. Less than a month later, Walmart announced its own free next-day delivery offering on orders over $35. Amazon's offering requires no minimum purchase.
Amazon's robust logistics network has made it possible to reduce shipping times and costs for customers. A March report from RBC Capital Markets estimated Amazon already had the capacity to offer same-day and next-day delivery to 72% of the total U.S. population. Amazon's heavy investments over the past four years into expanding its fulfillment centers has boosted its efficiency, RBC said.
Outside of continental North America, Amazon said it has been speeding up delivery times in Alaska, Hawaii and Puerto Rico over the past year, with shipping speeds ranging from one to five days for Prime members.