Mar 20, 2018 - Technology

Amazon passes Alphabet, is now the 2nd-most valuable company

A portion of the sign advertising Amazon Go. Photo: David Ryder/Getty Images

Amazon is now the world's second most valuable company, surpassing Alphabet, the parent company to Google, and falls just behind Apple who leads the list, CNBC reports.

Why it matters: Amazon has gained the interest of investors who foresee the company's expansion and cloud computing business as a drive of revenue to build more data centers, warehouses, and physical stores along with original content. The online giant climbed to 2.4% raising its stock market value to $766.3 billion. Alphabet dropped 0.5% decreasing it value to $762.7 billion, per CNBC.

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Dave Lawler
3 hours ago - World

Macron visits Beirut promising a "new political pact" for Lebanon

Macron visits the hard-hit Gemmayzeh neighborhood. Photo: AFP via Getty Images

French President Emmanuel Macron walked through the blast-damaged streets of Beirut on Thursday, swarmed by people chanting for the fall of Lebanon's government and pleading for international aid.

Why it matters: Lebanon is at a breaking point. Its economy was collapsing and its government hardly functioning — all before a massive explosion destroyed swathes of the capital city, including its vital port.

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Kendall Baker
3 hours ago - Sports

The PGA Championship is golf's first major in over a year

Photo: Gary Kellner/PGA of America via Getty Images

The 2020 PGA Championship tees off Thursday at San Francisco's TPC Harding Park, which is hosting its first-ever major.

Why it matters: It's the first major in more than a year — and the first of seven majors in the next 12 months. Though there won't be any fans in attendance, the excitement is palpable.

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Dion Rabouin
3 hours ago - Economy & Business

July's jobs report could be an inflection point for the coronavirus recovery

Illustration: Sarah Grillo/Axios

Even if Friday's jobs report shows a big number, it is becoming clear hiring slowed and likely even reversed course in July and real-time indicators suggest the employment situation worsened into August.

Driving the news: Payroll processor ADP's monthly jobs report showed private companies added 167,000 jobs last month, well below the 1.2 million expected by economists and far below June's 4.8 million jobs added.

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