The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
EU Competition Commissioner Margrethe Vestager is preparing to launch a full probe into Amazon in the coming days, Bloomberg reported.Technologyread more
IBM announced Tuesday that it signed a multi-year agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud.Technologyread more
Amazon Prime Day enters its second day, with more than 1 million deals being offered, including intermittent "lightning deals." Here's how to navigate the 48-hour shopping...Invest in You: Ready. Set. Grow.read more
Wall Street wrapped up a roaring June and first half of the year as investors cheered the prospects of easier monetary policy from the Federal Reserve and awaited clarity on U.S.-China trade relations.
The Dow Jones Industrial Average rallied 7.2% this month, notching its best June performance since 1938, when it surged 24.3%. Caterpillar, Apple and Goldman Sachs drove the Dow's gains in June, rallying more than 12% each.
The posted its best first half of a year since 1997, soaring 17.3% and reaching an all-time high. All 11 of the S&P 500 sectors rose in the first half of the year, with tech rising more than 26% to lead the gains. Energy was the market's laggard in the first half, rising just 7.1%.
One subset of the technology space that shined this month was semiconductor stocks. The VanEck Vector Semiconductor ETF (SMH) — one of the most widely followed ETFs for chip stocks — skyrocketed more than 12% in June, notching its biggest one-month gain since September 2010.
Semiconductor stocks were coming off a 15.5% plunge in May, however, as trade tensions between China and the U.S. ratcheted up. Investors turn their eyes to the G-20 summit Osaka, Japan as Chinese President Xi Jinping and President Donald Trump are scheduled to meet and discuss trade.
Gold also surged more than 7% in June as the dollar dropped and the Fed opened the door for a potential rate cut in July. The precious metal's gain this month was its biggest since June 2016, when it jumped more than 8%.
Oil prices, meanwhile, got a boost amid rising tension between Iran and the U.S. Tensions between the two countries escalated after a U.S. drone was shot down earlier this month. Iran claimed the drone was flying over Iranian airspace, violating international law, while the U.S. disputed those claims.
West Texas Intermediate futures surged more than 9% in June, its biggest one-month rally since January, when it rose 18.5%.