Business

Amazon’s market value just soared a record $191 billion a day after Facebook parent Meta suffered an unprecedented drop

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Amazon’s market capitalization rose $190 billion on Friday, setting a record for the biggest single-day gain on a U.S. exchange, topping Apple’s $179 billion one-day gain last week. Read More

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Stocks’ worst start in 20 years challenged traders on Monday

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The stock market’s record altitude was no deterrent to individual investors last month, who in true 2020 fashion ended the year snapping up shares. Their optimism was being tested again on Monday. Clients at both TD Ameritrade Holding Corp. and E*Trade Financial were upping their market exposure as 2020 powered to a close, buying shares […]
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Saks Fifth Avenue is spinning off its e-commerce business. Is it a good idea?

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Saks Fifth Avenue’s spinoff has a high valuation. But it might not be the best long-term bet for the store itself Read More
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There’s something weird going on in today’s oil rally

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WTI futures have topped $60 a barrel, a 12-month high.