The Pentagon's inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp over Amazon after several officials said their conversations were privileged "presidential communications."
Investors have been on something of a roller coaster ride since the onset of the COVID-19 pandemic. The major market indexes had each fallen 30% or more in just over a month, plunging squarely into a bear market. Then in late March, stocks staged a remarkable comeback, with the
Increased demand due to the coronavirus pandemic has forced Amazon.com (NASDAQ: AMZN) to stop taking new customers for its grocery delivery service. The retailer has also cut hours at some Whole Foods locations to allow store workers to focus on preparing delivery orders.
A new report from Counterpoint Research finally sheds some light on what might be going on in the music streaming race between Spotify (NYSE: SPOT) and Apple (NASDAQ: AAPL). Spotify reports its monthly active user (MAU) and subscriber data quarterly, but Apple and other competi
Netflix (NASDAQ: NFLX) is the largest streaming service in the world. It has 167 million subscribers, and is still growing. But it's not growing at the same rate everywhere. In the United States, the market is much more saturated by Netflix in particular and by streaming service
There are few stocks that have been as successful as Amazon (NASDAQ: AMZN). Over the years, the e-commerce giant has expanded into countless new businesses, growing its brand ecosystem and making it one of the top-performing stocks in the S&P 500 for over a decade. Even with
Odds are good that prior to Monday, most investors had never even heard of Jamie Iannone. The new CEO of online auction site eBay (NASDAQ: EBAY) not only came from outside the company, he seemingly came from nowhere. He wasn't the boss of any other major company, either.
Money is on the way. At least that's the case if you're among the 80 million Americans who qualify for the coronavirus stimulus checks funded by the Coronavirus Aid, Relief, and. Economic Security (CARES) Act signed into law last month.
The COVID-19 pandemic recently killed the 11-year-old bull market with a brutal market crash. It's unclear if the market has bottomed out yet, but uncertain times like these often mark the best times for long-term investors to buy stocks.
The coronavirus disease 2019 (COVID-19) has completely changed how we as a society operate. Ideas that seemed almost unthinkable as recently as six weeks ago, such as the shutdown of nonessential businesses across the country to lessen the transmission of COVID-19, are now a rea
U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus overshadowed worrying earnings reports from JPMorgan and Wells Fargo.
Walmart (NYSE: WMT) has continuously fine-tuned its shopping procedures during the coronavirus pandemic, including limiting store hours, opening the store an hour early to those 60 and over, and restricting the number of people allowed in the store at any one time.
What happened
Shares of Amazon.com (NASDAQ: AMZN) jumped again on Tuesday, hitting a new all-time high. The stock was up about 5.3% as of 1:50 p.m. EDT.
Coty Inc. (NYSE: COTY), maker of cosmetics, hair care, skincare, and other beauty products, predicts it will see a 20% decline in its sales during its fiscal third quarter of 2020. The coronavirus pandemic hit the beauty sector hard as people switched over to buying essentials s
J.C. Penney Co Inc has approached consulting firm AlixPartners LLP as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
Developers who want to get their apps onto Apple's (NASDAQ: AAPL) iOS App Store have to agree to some very strict terms and conditions. To many companies, the most important of these are the regulations that govern payments made for and through iOS apps. Any transaction made in