Wall Street's main indexes fell on Wednesday as a rise in U.S. Treasury yields hit growth stocks ahead of a widely expected interest-rate hike that could be the biggest since 2000. Bank stocks were up 0.3% after U.S. Treasury two-year yields, the most sensitive to the Federal Reserve's interest rate outlook, soared to their highest since Nov 2018. Strengthening yields continued to haunt megacap growth stocks...
Continue Reading(Bloomberg) -- Venture capitalist John Doerr is giving Stanford University $1.1 billion to create a school focused on climate change and sustainability, the largest donation in its history.Most Read from BloombergRussia Seeks to Annex Occupied Ukraine as Invasion Goals ShiftAs Putin Gets Desperate, U.S. Should Remember Pearl HarborUkraine Latest: Russia Seeks to Annex Occupied TerritoryCiti Trader Made Error Behind Flash Crash in Europe StocksBiden’s Team Eyes $125,000 Income Cutoff for Student...
Continue ReadingA growing number of companies have told workers that they will reimburse their travel costs for abortion access...
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Continue ReadingYahoo Finance's Julie Hyman breaks down top business headlines. (Apollo Global Management is Yahoo Finance's parent company.)...
Continue ReadingYahoo Finance's Ines Ferré reports how stocks are trading as investors await the Fed's decision...
Continue ReadingAmazon.com Inc., the undisputed king of the U.S. industrial market since well before the Covid-19 pandemic, may finally have reached max capacity on warehouse and fulfillment space...
Continue ReadingNASHVILLE, Tenn., May 04, 2022--Today, Amazon (NASDAQ: AMZN) announced that it will invest a total of $10.6 million to help build and renovate more than 130 affordable homes in partnership with the Metropolitan Development and Housing Agency (MDHA), and support the social work of the local nonprofit CrossBridge Inc. This commitment is part of the Amazon Housing Equity Fund, a more than $2 billion commitment to create and preserve 20,000 affordable homes for individuals and families earning moder...
Continue Reading(Bloomberg) -- Relying on a specific sector such as tech to build an ESG portfolio has exposed investors to unnecessary losses, according to Luke Barrs of Goldman Sachs Asset Management.Most Read from BloombergRussia Seeks to Annex Occupied Ukraine as Invasion Goals ShiftAs Putin Gets Desperate, U.S. Should Remember Pearl HarborUkraine Latest: Russia Seeks to Annex Occupied TerritoryCiti Trader Made Error Behind Flash Crash in Europe StocksHarris Says Women’s Rights Are Under Attack by Republica...
Continue ReadingThe narrative around Amazon (NASDAQ: AMZN) is slowing sales growth in its retail business, in which online stores reported a 1% decline in revenue last quarter. It has fast-growing revenue coming from advertising, third-party seller services, Prime subscriptions, and cloud services. A quick glance at what these businesses are worth helps illustrate why Amazon is a solid investment at these low share prices...
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