Amazon hits a stock market valuation of $2 trillion for the first time

Associated Press

NEW YORK (AP) — Amazon hits a stock market valuation of $2 trillion for the first time.

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • China crash leaves Australia in $10 billion a month free fall

    Australia's economy is already hitting a brick wall, but it could be about to get much worse, writes Stephen Koukoulas.

  • Struggling Aussie mum exposes bleak reality of Stage 3 tax cuts: 'It's horrible'

    Emma Robertson said the government needs to do more to help struggling families as the Stage 3 tax cuts aren't enough.

  • US Trade Deficit Widens to Largest Since 2022 on Weaker Exports

    (Bloomberg) -- The US trade deficit widened in May to the largest since 2022 as a decline in exports of merchandise exceeded a drop in imports.Most Read from BloombergUS Allies Say China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysZelenskiy Challenges Trump to Reveal Plans for Ending WarDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeBiden Plummets in Leaked Democratic Polling Memo, Puck SaysThe gap in goods and servi

  • EU governments hesitant on Chinese EV tariffs as trade spat escalates

    BRUSSELS/LONDON (Reuters) -EU countries are wavering over whether to back additional tariffs on Chinese-built electric vehicles, highlighting Brussels' challenge in building support for its largest trade case yet as Beijing threatens wide-ranging retaliation. Germany, whose carmakers made a third of their sales last year in China, wants to stop the tariffs, according to a government source, while France has been among the firmest backers. The issue will be put to members in an advisory vote in the coming weeks, the first official test of support in a landmark case for the Commission.

  • Japan Tax Revenue Sets New Record Amid Weak Yen, Inflation

    (Bloomberg) -- Japan’s tax revenues reached another record in the fiscal year ended in March, a positive outcome partly driven by the weak yen and sticky inflation.Most Read from BloombergUS Allies Say China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysZelenskiy Challenges Trump to Reveal Plans for Ending WarDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeBiden Plummets in Leaked Democratic Polling Memo, Puck SaysTax i

  • 6 States To Move to If You Want To Build Future Wealth

    Whether you want to find ways to build future wealth for yourself or your descendants, the sooner you act, the better off you will be. Check Out: 6 Reasons the Poor Stay Poor and Middle Class Doesn't...

  • High-tech cash: Japan launches banknotes with hologram portraits

    TOKYO (Reuters) -Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters. The notes use printed patterns to generate holograms of the portraits facing different directions, depending on the angle of view, employing a technology that Japan's National Printing Bureau says is the world's first for paper money. "Faces of those representing Japan's capitalism, women's empowerment and technology innovation are on the new bills," Prime Minister Fumio Kishida said at a function.

  • Fed rate cut: Why this economist is concerned about wage growth

    The latest Job Openings and Labor Turnover Survey (JOLTS) for the month of May came in at 8.14 million, beating Wall Street expectations of 7.95 million. In addition, layoffs and separations came in higher at 1.65 million in May, while the number of voluntary quits also moved upward to 3.46 million. Macquarie head of economics David Doyle joins Catalysts to give insight into the JOLTS data and what it signals about the labor market moving forward. "I'll tell you what I'm watching most closely is the wage growth numbers. So we had seen some deceleration in the wage growth numbers heading into the last employment report, then we got some very strong monthly numbers coming out of that. If we start to see that subside again, it will further reinforce the disinflation narrative. However, if those wage growth numbers remain strong, that I think could be more concerning in terms of anticipating when the Fed might cut next," Doyle tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino

  • China 'at risk' of wider decoupling after US, EU as Asean trade partners balk at imports flood

    Beijing should be wary of wider decoupling risks as even close trading partners mirror the US in demanding restrictions on Chinese-made imports, a consultancy has warned, even if the impact of the latest US tariff hikes would be "manageable". The warning from Dalian Infobank, a Chinese trade data and analysis agency, comes as the world's No. 2 economy faces increasing trade frictions globally. In May, the United States announced new tariffs on US$18 billion worth of Chinese imports, followed by

  • Morning Bid: US yields bite, China enjoys rare surprise

    Asia lagged what was a pretty solid start to the new quarter for global stocks on Monday, and the steep rise in U.S. Treasury yields suggests it will be difficult session again on Tuesday for regional equities and emerging assets more broadly. The 10-year U.S. yield jumped 13 basis points to 4.50% on Monday - the highest yield and biggest one-day rise in a month - as investors repriced the potential inflationary impact from mooted fiscal, tariff, and immigration policies under a Donald Trump presidency. Wall Street, European, and world stocks powered through that headwind, Japanese stocks got a lift from the yen's slide back through 161.00 per dollar, and Chinese stocks drew strength from a positive surprise in domestic manufacturing sector data.

  • I’m Voting for Trump: This Is What I Want To See Him Do for the Economy

    Jayon Evans*, 37, a police officer in New City, New York (which has a population of close to 35,000 people), has been utterly unimpressed with -- if not downright disgusted by -- the work of the Biden...

  • S.Korea sees stronger growth, vows to support sectors hit by high interest rates

    SEOUL (Reuters) -South Korea's government on Wednesday vowed to support small businesses and the construction sector struggling due to high interest rates in the second half of 2024, as it revised up its forecast for this year's economic growth. The government has prepared a total of 25 trillion won ($18 billion) worth of support measures, Yoon said.

  • Fed’s Goolsbee Says Officials Should Prepare for Rate Cuts

    (Bloomberg) -- Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers should cut interest rates if US inflation continues to fall back to the 2% target.Most Read from BloombergUS Allies Allege China Is Developing Attack Drones for RussiaDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeHurricane Beryl Roars Toward Jamaica on Destructive PathChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysBiden Plummets in Leaked Democratic Polling Memo, Puc

  • Stocks Rise as Weak Economic Data Sink US Yields: Markets Wrap

    (Bloomberg) -- Wall Street traders sent stocks higher and bonds yields fell as a string of weaker-than-estimated economic reports reinforced the case for the Federal Reserve to start cutting rates this year.Most Read from BloombergUS Allies Say China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysZelenskiy Challenges Trump to Reveal Plans for Ending WarDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeBiden Plummets in Lea

  • Inflation and the US election: What they mean for the US dollar

    The US dollar (DX-Y.NYB) is digesting Federal Reserve Chair Jerome Powell's latest comments on inflation at the European Central Bank's (ECB) Forum on Central Banking, as well as the rise in job openings from May. TD Bank Global Head of FX and EM Strategy Mark McCormick sits down with Madison Mills on Catalysts to talk about the Fed's data-centric approach to its interest rate policies going forward. "And inflation from month to month is going to be very challenging and very volatile indicator. So the way that we keep looking at it is there's no room for error," McCormick tells Yahoo Finance. "So next week's inflation number, if it comes in hot this whole narrative is gone. If it comes in as expected, then we get another inflation print where it's like 'yes, they can still probably go in September.' But again, if it comes in hot, it's like everything is binary now. So the market, it lacks confidence, it lacks motivation in terms of how to trade these themes. McCormick also weighs in on the ways a second Trump presidency or policies like heightened tariffs could impact the US dollar. In the broader FX (foreign exchange) market, McCormick also comments on the influence France's snap election is having on the euro. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

  • New Poll Finds 1 Democrat Absolutely Trouncing Trump

    Just one problem: This person doesn't seem interested in running, should the opportunity arise.

  • Kremlin responds to Trump's claim he can end war

    A Kremlin spokesman has addressed Donald Trump's claim he would settle Russia's war with Ukraine if he won the US presidency.

  • Meghan Markle's Dad Makes Bold Comments About His Royal Grandchildren

    Thomas Markle shared a strong opinion about how Archie and Lilibet are being raised.

  • Tyranny Expert Sums Up A Donald Trump Win With 2 Ominous Words

    Timothy Snyder succinctly predicted what will happen “unless Trump loses.”

  • 'Very Bad News' For Trump: Lawrence O'Donnell Says Ruling Could Backfire Quickly

    The MSNBC host revealed how the former president's case could be back in court sooner than anyone realizes.