Dan Schwartzman

Amazon officially dethroning Walmart as the biggest global company by revenue.

The e-commerce giant reported 2,025 sales of $717 billion, while Walmart reported sales of $713.2 billion.

Amazon's growth rests largely on the importance of its cloud computing business, Amazon Web Services, which contributed to its revenue dominance.

Amazon's revenue has increased at almost 10 times the pace of Walmart's, fueled by a shift in consumer spending from stores to websites, as well as the cloud computing business.

Johnson & Johnson is preparing a potential sale of its orthopedics unit, with big buyout firms already circling.

The unit could be valued at more than $20 billion in a sale and could also draw interest from rival medical device players.

According to Labor Department data, applications for unemployment benefits fell by 23,000 to 206,000 in the week ended February 14th, adding to evidence of stabilization in the labor market.

The number was lower than all but one estimate in a Bloomberg survey.

We check markets all day long here at Bloomberg.

Heightened geopolitical worries sending stocks lower, with the Dow down six-tenths of one percent.

S&P 500 is down four-tenths of one percent, as is the Nasdaq.

The 10-year yield is at 4.083, the two-year at 3.467.

Gold is hovering at just below $5,000 an ounce, while Bitcoin is right around $66,800.

Norway is still leading the medal count at the Milan Cortina Olympics with 34 total.

The U.S.

in third to 25 won behind Italy.

Norway also has 16 golds compared to seven for the U.S.

In a marquee matchup, the U.S.

and Canada currently battling for gold in women's hockey.

That's news when you want it with Bloomberg News Now.