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.
The U.S. economy expanded at the slowest pace in three years as weak auto sales and lower home-heating bills dragged down consumer spending, offsetting a pickup in investment led by housing and oil drilling.
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President Trump surprised everyone by announcing that he'd take a break from pretending he had a [fill in the blank] plan to pretend he had a [fill in the blank] plan, instead.
Exxon Mobil posted a strong beat on earnings as oil prices rose and the company cut costs. Revenue slightly missed analysts' expectations.