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Dell

Higher memory and display prices put further pressure on the already slumping computer market, with PC sales down yet again last quarter, according to preliminary numbers from Gartner. Shipments were down 4.3% from a year ago and represented the lowest quarterly total since 2007, according to the market researcher.

It's worth noting that Gartner's numbers don't include Chromebook sales, which have been growing, or iPad sales, which haven't. As for Chromebooks, Gartner says shipments last year grew 38% in 2016, while the overall PC market declined 6%.

HP on the rise: While most of the market was down, HP posted its fifth straight quarter of year-on-year growth and passed up Lenovo to reclaim the top spot among PC makers globally.

Go deeper

Updated 21 mins ago - Politics & Policy

Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 37 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.