Big Tech is worth over $5 trillion now that Alphabet has joined the four comma club

Even as regulators bear down on the top technology companies and some lawmakers seek to break them up, Big Tech is bigger than ever. On Thursday, Alphabet topped $1 trillion in market value, becoming the fourth U.S. technology company to reach that level, after Apple, Microsoft and Amazon, which has slipped back to about $930 … Read more

Here’s what China agreed to buy from the US in the phase one trade deal

China agreed to purchase an additional $200 billion in U.S. goods over the next two years as part of the “phase one” trade deal. The additional purchases will come on top of the 2017 U.S. export numbers. The deal stipulates that Beijing will buy $77 billion in additional goods and services in 2020 and $123 … Read more

Morgan Stanley shares jump after massive beat on fourth-quarter profit

Morgan Stanley shares popped after the firm exceeded analysts’ profit estimates and each of its three main businesses produced more revenue than expected. The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts surveyed by Refinitiv. Revenue climbed 27% to $10.86 billion, … Read more

Stock futures rise, putting Wall Street on track to open at record highs

U.S. stock index futures rose on Thursday after Morgan Stanley reported quarterly figures that easily topped analyst expectations while investors digested a key trade agreement between China and the U.S. — RECOMMENDED — Learn How You Could DOUBLE or TRIPLE Your Account in One Week! Find Out How With The #1 Selling Trading Guide: Now Yours For … Read more