Business

Amazon ad business to exceed cloud by 2020: Piper Jaffray

Amazon ad business to exceed cloud by 2020: Piper Jaffray

While investors are focused on Amazon Inc.‘s core retail, growth of its AWS cloud business and grocery and pharmaceuticals businesses, Piper Jaffray analyst Michael Olson said he believes the , with profits potentially surpassing that of AWS within three years. Amazon shares rose 0.5% in premarket trade. He expects ad revenue of about $8 billion in 2018, potentially contributing greater […]

Microsoft CEO sells $35.9 million in company stock

Microsoft CEO sells $35.9 million in company stock

Microsoft Corp. Chief Executive Satya Nadella sold $35.9 million of the tech titan‘s stock, according to a Securities and Exchange Commission filing late Friday. The 328,000 shares was not part of a pre-planned stock sale and represents roughly one third of Nadella‘s previous total holdings. Nadella now holds 778,596 Microsoft shares. The company did not immediately respond to a request […]

U.S. stocks under pressure early Monday as Turkey again weighs on global markets

U.S. stocks under pressure early Monday as Turkey again weighs on global markets

U.S. stocks traded slightly higher Monday, with the technology sector leading the rebound, though ongoing turmoil in Turkey limited investors’ appetite for riskier assets. While the U.S. doesn’t have much direct economic exposure to the country, instability in the region sparked concerns that its problems could spill into other parts of the world, building on the uncertainty surrounding trade policy […]

Wrangler parent VF to spin off jeans business into new publicly traded company

Wrangler parent VF to spin off jeans business into new publicly traded company

VF Corp. said Monday it plans to spin off its jeans business, which includes the Wrangler and Lee brands, as part of its plan to separate into two independent publicly traded companies. The stock was still inactive in premarket trade. The announcement confirms that the company was exploring strategic options for its denim business. The two companies will include VF […]

Need to Know: That Elon Musk $420 tweet could signal gloom for the stock market

Need to Know: That Elon Musk $420 tweet could signal gloom for the stock market

For much of last week, MarketWatch unofficially became MuskWatch — kind of like . But instead of burgers, we were busy flipping every relevant angle we could relating to Elon Musk’s . Well, here’s another one: Musk’s tweet could signal market disaster. In our call of the day, Barron’s columnist Randall Forsyth say Musk’s tweet is just the kind of […]

Gold flirts with 17-month low as Turkish crisis again lifts dollar

Gold flirts with 17-month low as Turkish crisis again lifts dollar

Gold prices were hammered to 17-month lows on Monday as global investors flocked into dollars to take cover from the eroding financial crisis in Turkey, making the U.S.-priced precious metal less attractive to investors using other currencies. December gold  fell $12.40, or 1%, to $1,206.40 an ounce. A close at this level would mark the lowest for the futures contract […]

GOP Rep. Chris Collins, tagged with insider trading charge, suspends campaign

GOP Rep. Chris Collins, tagged with insider trading charge, suspends campaign

Rep. Chris Collins, the New York Republican on whose board he served, said Saturday he will now suspend his pursuit of reelection in November. Collins, who has said he will fight the charges brought by the SEC, had first said this week that he would stick to the race as the Republicans fight to maintain a thin edge in the […]