Amazon's Prime Day Generates Estimated $1 Billion in Sales

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Amazon's Prime Day Generates Estimated $1 Billion in Sales

That's triple its average daily e-commerce revenue in 2016, according to data compiled by Bloomberg. The most popular purchase during the sale was
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Dov Charney Couldn't Keep American Apparel, So He Restarted It

Dov Charney's warehouse for his new company sits on a desolate street in South Central Los Angeles, about four miles south of American Apparel's
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Microsoft Creates New AI Lab to Take on Google's DeepMind

Microsoft Corp. is setting up a new research lab focused on artificial intelligence with the goal of creating more general-purpose learning systems.
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Bank of Canada Raises Rates for First Time in 7 Years

Canada cautiously became the first Group of Seven country to join the U.S. in raising interest rates on Wednesday, feeding speculation the world's
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Bond Trader Bets $10 Million That Volatility Revival Is Imminent

… on 10-year Treasury futures, in what's known as a strangle, according to data compiled by Bloomberg and observations of trading levels.
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