We're no longer maintaining this page.For the latest business news and markets data,Why Amazon is buying Whole FoodsThe online retail giant announced Friday that is buying organic grocery chain for $13.7 billion in cash. The deal values Whole Foods at $42 a share, 27% higher than where the stock was trading Thursday.said Whole Foods stores will continue operating under that name as a separate unit of the company. Whole Foods CEO John Mackey will stay on to lead Whole Foods, which will keep its headquarters in Austin, Texas. The deal shows Amazon's interest in moving into the business of...…We're no longer maintaining this page.For the latest business news and markets data,Why Amazon is buying Whole FoodsThe online retail giant announced Friday that is buying organic grocery chain for $13.7 billion in cash. The deal values Whole Foods at $42 a share, 27% higher than where the stock was trading Thursday.said Whole Foods stores will continue operating under that name as a separate unit of the company. Whole Foods CEO John Mackey will stay on to lead Whole Foods, which will keep its headquarters in Austin, Texas. The deal shows Amazon's interest in moving into the business of...WW…

New York (CNN Business)The "blue wave" that many expected in November appears to have crested two months later. Now, investors are trying to figure out how to best position their portfolios given the increased likelihood that Democrats will win control of the Senate following Tuesday'sThe was down slightly Wednesday morning after in one of the two Senate races. Fellow Democrat Jon Ossoff is leading the other race but it is still too close to call. Big tech stocks such as , , Google owner and were all lower -- even as the rallied.Investors in the sector seem to be worried that the...…New York (CNN Business)The "blue wave" that many expected in November appears to have crested two months later. Now, investors are trying to figure out how to best position their portfolios given the increased likelihood that Democrats will win control of the Senate following Tuesday'sThe was down slightly Wednesday morning after in one of the two Senate races. Fellow Democrat Jon Ossoff is leading the other race but it is still too close to call. Big tech stocks such as , , Google owner and were all lower -- even as the rallied.Investors in the sector seem to be worried that the...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — As the nation’s biggest banks prepare to report their next week, these titans of Wall Street face a conundrum.Many financial services executives are over President Trump — even though a Biden win could be a slight negative for the industry.Deregulation championed by the White House and Congress and ushered in by , Trump-appointed Federal Reserve chairman, have helped fuel a market rally in the past few years that was — at least until Covid-19 hit — very good for bank profits.But according to a...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — As the nation’s biggest banks prepare to report their next week, these titans of Wall Street face a conundrum.Many financial services executives are over President Trump — even though a Biden win could be a slight negative for the industry.Deregulation championed by the White House and Congress and ushered in by , Trump-appointed Federal Reserve chairman, have helped fuel a market rally in the past few years that was — at least until Covid-19 hit — very good for bank profits.But according to a...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Stocks are near, with the market trading at levels last reached during the 1999-2000 tech bubble and just before the historic 1929 crash. And yet investors seem unconcerned.The market has rarely been this expensive. A measure known as the CAPE Shiller P/E ratio – which looks at stock prices divided by adjusted earnings over 10 years — is around 33. That is nearly double the historical average.It’s a tad pricier than the 1929 ratio of 27, just before the Great Depression era, according to research...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Stocks are near, with the market trading at levels last reached during the 1999-2000 tech bubble and just before the historic 1929 crash. And yet investors seem unconcerned.The market has rarely been this expensive. A measure known as the CAPE Shiller P/E ratio – which looks at stock prices divided by adjusted earnings over 10 years — is around 33. That is nearly double the historical average.It’s a tad pricier than the 1929 ratio of 27, just before the Great Depression era, according to research...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — The recovery in the American is still painfully slow. Another 778,000 people filed for first-time unemployment benefits last week on a seasonally adjusted basis.That was more than the 735,000 initial jobless claims that economists were expecting, and it’s also higher thanrevised number of 748,000. It’s the second straight week that first-time claims .This is the first time that jobless claims were up for two consecutive weeks since late July. And the 778,000 figure was the highest level in five...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — The recovery in the American is still painfully slow. Another 778,000 people filed for first-time unemployment benefits last week on a seasonally adjusted basis.That was more than the 735,000 initial jobless claims that economists were expecting, and it’s also higher thanrevised number of 748,000. It’s the second straight week that first-time claims .This is the first time that jobless claims were up for two consecutive weeks since late July. And the 778,000 figure was the highest level in five...WW…

New York (CNN Business)The is . That's great news for Home Depot -- and its workers. Home Depot reported better-than-expected sales and earnings Tuesday, and the company is planning to invest $1 billion annually on increased worker benefits. That's on top of the $1.7 billion in benefits the company has already granted this year in response to Covid-19. unveiled during the coronavirus pandemic such as . But the company has decided to give hourly workers a permanent pay increase as the continues to thrive.Sales at stores that have been open for at least one year surged 24% in the third...…New York (CNN Business)The is . That's great news for Home Depot -- and its workers. Home Depot reported better-than-expected sales and earnings Tuesday, and the company is planning to invest $1 billion annually on increased worker benefits. That's on top of the $1.7 billion in benefits the company has already granted this year in response to Covid-19. unveiled during the coronavirus pandemic such as . But the company has decided to give hourly workers a permanent pay increase as the continues to thrive.Sales at stores that have been open for at least one year surged 24% in the third...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — The Federal Reserve, as widely expected, left its key short-term interest rate near zero following its Wednesday. The Fed cut rates to that level in March and has maintained that they are likely to remain there for several years as the economy recovers from the Covid-19 pandemic.The Fed has launched several lending programs and other stimulus efforts in addition to this year to support the economy during the coronavirus crisis.But has continued to stress that the Fed (as well as Congress and the...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — The Federal Reserve, as widely expected, left its key short-term interest rate near zero following its Wednesday. The Fed cut rates to that level in March and has maintained that they are likely to remain there for several years as the economy recovers from the Covid-19 pandemic.The Fed has launched several lending programs and other stimulus efforts in addition to this year to support the economy during the coronavirus crisis.But has continued to stress that the Fed (as well as Congress and the...WW…

New York (CNN Business)President Trump received a high dose of an experimental antibody cocktail from Regeneron as part of his Covid-19 treatment. Now the drugmaker's stock is up sharply -- and questions are swirling about the president's ties toRegenerons.Trump's team revealed Friday that the president received the drug, called , which is being used to alleviate symptoms and reduce viral load. Shares of Regeneron surged 7% Monday, bringing the stock's year-to-date gain to more than 60%. The stock reached its highs of the day after Trump that he will be Monday evening.Regeneron CEO and...…New York (CNN Business)President Trump received a high dose of an experimental antibody cocktail from Regeneron as part of his Covid-19 treatment. Now the drugmaker's stock is up sharply -- and questions are swirling about the president's ties toRegenerons.Trump's team revealed Friday that the president received the drug, called , which is being used to alleviate symptoms and reduce viral load. Shares of Regeneron surged 7% Monday, bringing the stock's year-to-date gain to more than 60%. The stock reached its highs of the day after Trump that he will be Monday evening.Regeneron CEO and...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Among its many accomplishments — the iPhone, the iPad, iTunes, the App store — Apple can now boast of one more: It was briefly worth more than $2 trillion, making it the first company in the United States to reach that milestone.The iPhone maker’s stock hit the $2 trillion mark before dipping back slightly below that lofty level. Shares finished the day flat Wednesday. The stock has surged almost 60% this year and is at an all-time high. Apple, currently trading at nearly $465 a share, is about...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Among its many accomplishments — the iPhone, the iPad, iTunes, the App store — Apple can now boast of one more: It was briefly worth more than $2 trillion, making it the first company in the United States to reach that milestone.The iPhone maker’s stock hit the $2 trillion mark before dipping back slightly below that lofty level. Shares finished the day flat Wednesday. The stock has surged almost 60% this year and is at an all-time high. Apple, currently trading at nearly $465 a share, is about...WW…

New York (CNN Business)Bitcoin first topped $19,000 in December 2017 before crashing spectacularly to around $3,200 a year later. But long-term buy and hold bitcoin bulls, or HODLers as they're known in crypto circles, are having the last laugh. That's because the price of one topped more than $40,000 Thursday -- double the value from a little more than three years ago. Prices later slid back to around $38,000.The value of all bitcoins in circulation is now more than $740 billion and the total value for all cryptocurrencies is more than $1 trillion, .Investors have in recent months as the...…New York (CNN Business)Bitcoin first topped $19,000 in December 2017 before crashing spectacularly to around $3,200 a year later. But long-term buy and hold bitcoin bulls, or HODLers as they're known in crypto circles, are having the last laugh. That's because the price of one topped more than $40,000 Thursday -- double the value from a little more than three years ago. Prices later slid back to around $38,000.The value of all bitcoins in circulation is now more than $740 billion and the total value for all cryptocurrencies is more than $1 trillion, .Investors have in recent months as the...WW…