Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
Bob Bakish, the head of a newly combined CBS and Viacom, said he was "disappointed" by both stocks' reaction to the recent deal.The Faber Reportread more
Consumers could pay an average 15 to 20 cents more per gallon for unleaded gas by the end of the month following the attack on Saudi oil installations.Market Insiderread more
Elliott Management may not see John Stankey as a future leader at AT&T, but bailing on him before he executes his integration plan has the potential for disaster.Technologyread more
The White House directed Lewandowski not to discuss any of his post-election interactions with Trump beyond those already detailed in former special counsel Robert Mueller's...Politicsread more
Tension between the real estate start-up WeWork and SoftBank was not a central issue in the decision to delay an initial public offering, sources tell CNBC's David FaberThe Faber Reportread more
The service will debut in April with pricing to be announced closer to the launch data, NBCUniversal says.Technologyread more
"Jeopardy!" host Alex Trebek says he's had a setback in his battle with pancreatic cancer and is undergoing chemotherapy again.Entertainmentread more
A lot of signs are pointing toward the U.S. economy slipping into a recession in the next year — Treasury yields are sloping downward, freight shipments are dropping and company executives are collectively getting nervous.
The decade-long expansion has been very good to the tech industry.
Tech giants with strong balance sheets have seen their stock prices soar: Since the last recession ended in July 2009, Apple is up almost 900%, Amazon more than 2,000%, and Microsoft — once seen as hopelessly out of touch — is up more than 400%. Smaller companies with lower profits but enviable revenue growth have also done well, like Salesforce (up more than 1,400%) and Netflix (more than 5,000%).
Companies like Twitter and Uber grew from start-up through IPO, collectively achieving well over $100 billion in new market value. Venture money keeps flowing into start-ups, to the point where $100 million fundraising rounds seem unremarkable.
It's gotten to the point where the power and dominance of these companies seem inevitable, and the wisdom of their executives and investors unquestionable.
But as anybody who lived through the dot-com bust or Great Recession can tell you, a lot of things will change in a downturn. Depending on how deep and how long any recession lasts, look out for the following:
Recessions test the mettle of investors and separate the strong companies from the weak. But those who make it through to the other side face less competition, paving the way for massive upside during the next boom. Let's not forget, Amazon Web Services was still a new project when the last recession started in late 2007. Thanks to Amazon's hefty investments at the time, it turned into one of the most successful businesses of the following decade.