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 Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel.
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EU accused of trying to dismantle US group's business model for smartphones
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President Donald Trump said on Wednesday the United States may hammer out a separate trade deal with Mexico, continuing to sow doubts about the future of the North American Free Trade Agreement that he has frequently criticized, and then do a deal with Canada later.
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U.S. stock index futures hovered at five-month highs on Wednesday ahead of a slew of earnings, with a strong quarterly report from Morgan Stanley helping reaffirm a bullish outlook for the earnings season.
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Federal Reserve Chairman Jerome Powell, questioned by members of a House congressional committee, repeated on Wednesday that rising world protectionism would over time pose a risk to a U.S. and global expansion that appears largely on track to continue.
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Business Insider
Amazon has been bombarded by negative press, with calls for boycott flooding social media on Prime Day, the company's biggest shopping day of the year. Amid backlash over the treatment and pay of Amazon's workers, CEO and founder Jeff Bezos became ...
Obama an
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Morgan Stanley's top executive criticized the Federal Reserve's annual health checks of the biggest U.S. lenders and predicted changes to the tests going forward after his bank reported better-than-expected quarterly earnings on Wednesday.
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CNNMoney
Scoop: Netflix CEO Reed Hastings is writing a book about Netflix and the secrets to its success, an industry source tells me. The book will be co-authored by business writer Erin Meyer and offer a behind-the-scenes look at Hastings' leadership strategy
Walmart may launch a video streaming service to battle Netflix, Amazon
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 Google is appealing the EU's record $5 billion fine over abusing the dominance of Android. CEO Sundar Pichai suggested that the ruling could destroy the Android ecosystem. Sundar Pichai has suggested that the EU's record $5 billion fine against Google will be bad for Android users.
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The benchmark S&P 500 remained at five-month highs on Wednesday as a rise in financial and industrial stocks due to strong earnings from marquee companies were offset by a drop in technology stocks.
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Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China's Focus Media Information Technology Co Ltd to tap into the digital marketing sector.
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Business Insider
Ah, Elon Musk. The eccentric billionaire and real-life Tony Stark has courted controversy and made headlines for all the wrong reasons lately, but he's also had some remarkable success in developing world-changing technology. For all his bluster
Elon Musk Finally 'Apologi
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The two propane distributors offer investors high yields of over 9%, but they need to come to grips with the risks climate change poses to their businesses.
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 Morgan Stanley handily beat second-quarter earnings and revenue expectations as its brokerage business was booming, but where the bank had a little trouble was with its money management businesses. Wealth management revenue rose to $4.33 billion from $4.15 billion in the same period a year ago, but missed the FactSet consensus of $4.48 billion, while investment management revenue growth to $691 million from $665 million shy of expectations of $707.9 million. Within wealth management, transactional revenue fell to $691 million from $766 million, amid lower fixed income revenue and lower gains on investments associated with certain employee deferred compensation plans, while compensation expense increased to $2.4 billion from $2.3 billion. Within investment management, asset management revenue rose to $610 million from $539 million, but investment revenue fell to $55 million from $125 million. Meanwhile, revenue in institutional securities, which includes equities and fixed income sales and trading, rose to $5.71 billion from $4.76 billion, well above the FactSet consensus of $4.60 billion. The stock, which surged 2.6% in premarket trade, has lost 7.7% over the past three months while the S&P 500 has gained 3.7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Sanguine estimates about the impact of the trade war on China's economy have not taken into account how tariffs will affect business sentiment, investment and growth, J.P. Morgan analysts wrote in a note.
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Novartis may ratchet up its 2018 sales outlook, its finance chief said on Wednesday, despite halting planned U.S. drug price hikes amid pressure on the industry from President Donald Trump's administration over the high cost of medicines.
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