Amazon.com Inc.'s shares surged 18 percent in premarket trading on Friday, adding more than $44 billion to the company's market value, after strong growth in the company's cloud business drove a surprise quarterly profit.
U.S. stock index futures were slightly lower on Monday after the markets leapt on Friday on strong jobs data that showed the U.S. economy was picking up steam, but not by enough to raise concerns about an earlier-than-expected interest-rate rise.
Amazon.com Inc., the largest online retailer, offered customers $20 gift cards and refunds on shipping charges after an avalanche of orders caused United Parcel Service Inc. to miss delivery of some packages by Christmas.
U.S. stocks fluctuated, following a three-month advance in the Standard & Poor’s 500 Index, as data showed manufacturing unexpectedly climbed last month and investors assessed reports on holiday retail sales.
The first spending decline on a Black Friday weekend since 2009 reinforced projections for a lackluster holiday, increasing chances retailers will extend the deep discounts already hurting their profit margins.
Congress got to hear a lot of nice things about Bitcoin from regulators this week. The cryptocurrency's market price has also touched record highs. If you think either development is good news for Bitcoin, you're missing the point.
U.S. stocks fluctuated, after the longest streak of weekly gains since February, as investors awaited retailer earnings reports to gauge the strength of consumer demand and the likelihood of cuts to monetary stimulus.