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Amazon was almost worth $1 trillion, now its worth less than Microsoft
Amazon was almost the second U.S. company worth $1 trillion last month. Now, its worth less than a neighbor and major cloud rival. Amazon AMZN, -7.82% has been No. 2 to Apple Inc. AAPL, -1.59% and briefly flirted with a $1 trillion market cap in early ...
Wall Street Journal
3% Growth, If We Can Keep It
Wall Street Journal
Can economic growth from tax reform and deregulation stand up to the headwinds from higher interest rates, tariffs and perhaps a Democratic Congress? That's the question we take away from Friday's strong but somewhat disappointing report on economic ...
Tesla shared documents with DOJ about Model 3 production
New York (CNN) It's not all good news for Tesla this week. The electric carmaker said in a statement Friday that it complied with a "voluntary request for documents" from the Department of Justice about Tesla's "public guidance" about Model 3 production.
New York Times
Microsoft Says It Will Sell Pentagon Artificial Intelligence and Other Advanced Technology
New York Times
REDMOND, Wash. — Microsoft said on Friday that it would sell the military and intelligence agencies whatever advanced technologies they needed “to build a strong defense,” just months after Google told the Pentagon it would refuse to provide ...
The Netflix Pressure-Cooker: A Culture That Drives Performance
Netflix is under fire for its pressure-cooker culture. A recent Wall Street Journal article sliced the company open to reveal a culture that pushes extreme openness, uncomfortable feedback loops and an arguably callous firing process. To work there ...
Stock Market Strains Send Message the Fed Doesn't Want to Hear
Donald Trump loves to bash Jerome Powell, blaming him for the market meltdown. And while people can debate if the hectoring is a good idea and whether the Federal Reserve cares about stocks, it's getting harder to argue the president is totally wrong.
California agrees not to enforce its net neutrality law as Justice Dept. puts lawsuit on hold
California has struck a temporary agreement with the Justice Department not to move forward with a federal lawsuit challenging the state's new net neutrality law, delaying a pivotal legal battle over the future of the Internet. The Justice Department ...
Here's what every major analyst had to say about Amazon's plunge: 'Wait for the dust to settle'
Amazon's stock was diving Friday, a day after the e-commerce giant reported disappointing third-quarter revenue and gave lower guidance for the quarter ahead. Amazon shares fell 7 percent in premarket trading even as analysts reaffirmed their long-term ...
What Happened in the Stock Market Today
Stocks ended the week with another day of heavy selling. The Dow Jones Industrial Average (DJINDICES:^DJI) was down over 500 points in the morning but recovered somewhat in the afternoon. The S&P 500 (SNPINDEX:^GSPC) also had a big loss.
GM, Honda Uneasy About Trump Plan to Dump Fuel-Economy Rules
Two of the biggest automakers and California officials are pushing back on the Trump administration's proposed rollback of U.S. fuel economy standards. In filings due Friday, General Motors Co. plans to propose that instead of opposing California's so ...