Pacific Crest believes Amazon is facing increasing competition from Wal-mart and Microsoft across its businesses. Firm downgrades the internet company's shares to sector weight from overweight.
Qualcomm Inc. said Apple Inc. is cutting off licensing payments related to the iPhone until their legal dispute is settled, forcing the chipmaker to lower forecasts it gave just last week and sending its shares tumbling.
A day after the White House released broad principles for a tax overhaul, top House Republicans said Thursday they intend to work with the Trump administration on a single plan rather than forge ahead on their own.
A Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island in 2013. The Obama administration banned offshore drilling off some portions of the Atlantic and Alaskan coasts.
FILE PHOTO: Time Inc. CEO Joe Ripp (2nd L) claps after ringing the bell to open trading at the New York Stock Exchange in New York June 9, 2014.