Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread 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
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
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
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Google CEO Sundar Pichai said the company's cloud unit reached $8 billion in annualized revenue and plans to triple its sales force over the next few years.
Google's cloud is a key growth driver for Alphabet, Pichai said on Thursday's second-quarter earnings call.
The hiring efforts come as Google Cloud chief Thomas Kurian, who has led the business for seven months, chases down Amazon and Microsoft. Kurian promised earlier this year to aggressively increase its sales team.
Amazon Web Services, the leader in cloud infrastructure, reported 37% growth on Thursday to $8.38 billion, which makes it about quadruple the size of Google's business.
Microsoft, the No. 2 player, said last week that Azure grew 64%. Jay Vleeschhouwer of Griffin Securities estimated in a note last week that Microsoft picked up $4.1 billion in Azure revenue in its second quarter. That suggests Azure is about double the size of Google's cloud.
Alphabet said Tuesday that its "other" revenue, which includes cloud, came in at $6.18 billion compared to $4.43 billion in the prior year. Kurian, who has been charged with growing the business, has already made a few acquisitions, including analytics company Looker.
Cloud boosted Alphabet's overall second quarter earnings, according to Alphabet finance chief Ruth Porat. Shares of Alphabet rose more than 9% Thursday after the company reported $38.94 billion in revenue, topping the $38.15 billion expected.