Amazon shares touched a record high Friday, rising over 9%, after strong quarterly results that were driven by its growing cloud business – AWS—which saw double-digit jump in sales to $30 billion.  Ticker Security Last…

BlackRock CEO Larry Fink said that the U.S. remains the primary destination for investors to put their assets and will continue to be for at least the next year and a half amid economic trends. Fink was part of a panel moderated by Bloomberg Television at the Future Investment Initiative in…

The ongoing government shutdown delayed the release of the Commerce Department’s initial estimate of the third-quarter gross domestic product (GDP), as other data sources suggest solid economic growth in the quarter. The Bureau of Economic Analysis was scheduled to release its advance estimate of third-quarter GDP on Thursday, though the furlough…

The fundamental flaws in the way the Federal Reserve operates these days were on full display Wednesday when Jerome Powell talked to the media after the central bank’s key policymaking committee meeting. It confirmed why there must be a drastic overhaul of our central bank—as well as new leadership. The…