Avie Schneider
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Amazon's stock value briefly topped $1 trillion on Tuesday, a little over a month after Apple crossed the same milestone. The giant online retailer has been consistently profitable since 2015.
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Journalists at Tronc's two Virginia papers, the Daily Press in Newport News and The Virginian-Pilot in Norfolk, are following the path of other Tronc newsrooms after corporate controversies.
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After days of negotiations, the U.S. and Canada failed to agree on a deal by a Friday deadline to update the North American Free Trade Agreement. The U.S. and Mexico reached a pact earlier.
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The United States and Canada are working on changes to the North American Free Trade Agreement, after lengthy talks spurred by President Trump's threats to scrap the historic treaty.
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The Tesla CEO, reportedly under scrutiny by federal regulators for earlier statements, says the Saudi fund is looking to diversify away from oil with a bigger investment in the electric car company.
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Tesla's CEO said that as a public company, the automaker is distracted by wild swings in stock price and is under "enormous pressure" to make decisions that might hurt the company in the long term.
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The economy continued to add jobs at a steady pace last month and the unemployment rate remained low. Analysts have been looking for signs that wage growth might pick up, but it held steady, too.
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Wells Fargo will pay a civil penalty for allegedly selling residential mortgage loans that included misstated income information, the Justice Department said.
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A key measure of the economy's health showed a dramatic pickup, which President Trump called "amazing." But some analysts doubt the higher growth rate will last.
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Facebook's stock dropped nearly 20 percent — the day after reporting that its user growth has stalled and that it expects revenue growth to slow for the rest of the year.