Saul Loeb | AFP | Getty Images Amazon is on track to overtake Walmart as the largest U.S. retailer in 2022, according to JPMorgan research released Friday. Amazon’s U.S. retail business is the “fastest growing at scale,” according to the company’s analysts. Between 2014 and 2020, Amazon’s U.S. gross merchandise […]
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Bipartisan Senate infrastructure deal would cost about $1 trillion
(L-R) U.S. Sens. Mark Warner (D-VA), Joe Manchin (D-WV), Mitt Romney (R-UT), Jeanne Shaheen (D-NH), Susan Collins (R-ME) and Kyrsten Sinema (D-AZ) take a break from a meeting on infrastructure for going to a vote at the U.S. Capitol June 8, 2021 in Washington, DC. Alex Wong | Getty Images […]
Dow rises slightly, S&P 500 adds to a record as tech shares gain
U.S. stocks rose on Friday with the S&P 500 adding to its new record, as Wall Street aims to wrap up the week on a high note. The Dow Jones Industrial Average gained 60 points while S&P 500 added 0.2% after closing at a record in the previous session, the […]
The S&P 500 is set to add to a record as tech shares gain
U.S. stock futures were slightly higher Friday morning after the S&P 500 hit a new record in the previous session despite hotter-than-expected inflation data. Futures tied to the Dow Jones Industrial Average gained 74 points while S&P 500 futures added 0.1%. Nasdaq-100 futures gained 0.1%. Apple, Amazon, Netflix, Microsoft and […]
Stocks making the biggest moves in the premarket: Snowflake, Vertex Pharmaceuticals, Chewy & more
Take a look at some of the biggest movers in the premarket: Snowflake (SNOW) – Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, […]
The great value rotation in the stock market may already be over as investors embrace tech again
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE Is the great value rotation over? The S&P 500 is at a historic high, but investors who earlier this year overweighted their portfolios into reopening stocks like Caterpillar and banks, and away from tech and other […]
G-7 leaders to pledge 1 billion doses of Covid vaccines to low-income nations
LONDON — The leaders of the G-7 are expected to pledge a donation of 1 billion coronavirus vaccine doses to poorer nations this weekend as they try to ease concerns over vaccine nationalism. The most-advanced economies of the world — as the G-7 defines itself — have been criticized for […]
Cement giant LafargeHolcim is teaming up with GE’s renewables unit on wind turbine recycling
Daniel Acker | Bloomberg | Getty Images General Electric’s renewables unit and LafargeHolcim, the world’s biggest cement manufacturer, have struck a deal to explore the recycling of wind turbine blades. A memorandum of understanding will see the companies focus on exploring “circular economy solutions.” Business practices connected to the notion […]
Here’s how to tell if a politician might be stealing campaign cash
Individuals making small contributions — the kind of donors candidates love to talk about at campaign rallies — transformed the political landscape in 2020. Small donors, those giving $200 or less to a candidate, accounted for a whopping $1.8 billion in federal campaign contributions by the weeks leading up to […]
One inflation chart could indicate when the rotation back into tech might begin
The S&P 500 may be at fresh records, but the beaten-down tech sector has yet to break through to its own. The Nasdaq 100, often used as a proxy for tech and other high-growth stocks, still has just under 1% to go until it breaks through highs set in late […]