CSX second-quarter profit hit by trade-related weakness; shares slide after hours

CSX second-quarter profit hit by trade-related weakness; shares slide after hours

LOS ANGELES (Reuters) – CSX Corp (CSX.O) on Tuesday posted a quarterly profit that missed Wall Street’s expectations and cut its full-year revenue forecast after weakness in its trade-related intermodal business weighed on results, sending shares down …
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US lawmakers take jabs at Amazon, Big Tech in antitrust hearing

WASHINGTON (Reuters) – Lawmakers on the House Judiciary Committee’s antitrust panel on Tuesday pressed an executive from Amazon.com Inc on allegations that it competed against its own sellers and pushed them to buy advertising and fulfillment …
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Uptick in 'Canceling Amazon Prime' Searches Spotlights Some Consumers' Shop and Drop Plans

Internet searches for “Canceling Amazon Prime” were 18 times higher on Monday—the beginning of Amazon’s two-day sale—than the previous day, according to search intelligence firm Captify. The data suggest shoppers want to snatch up discounted …
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Facebook privately pitched its cryptocurrency plan last month to regulators. They were left even more scared.

Two days after Facebook announced plans for the creation of a new cryptocurrency for its 2.7 billion users last month, the tech giant presented its 12-page white paper to more than a dozen officials from the Treasury Department, the Securities and Exchange …
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Bullish US Stock Buyers Are Positioning for a Giant Windfall

U.S. stock investors are homing in on a strategy that promises a gigantic windfall if stocks can extend their bull run through the second half of the year.
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