The only relative safe haven in North American equities in the event of a U.S. default would be Canadian banks, though even they would feel the ripple effects, according to a report from Keefe, Bruyette & Woods.
Although some economists believe the U.S. is teetering on the edge of another recession, one sector of the economy is growing—the pet industry. As it continues to expand, a string of daily deal websites have launched to capitalize on this emerging retail sector.
Banks recently hit the $1 trillion mark for lending this year—the same amount they lent in the entire previous year. Although reaching this mark so soon is a good sign for the housing sector, the creditworthiness of many Americans has suffered since the housing downturn, a banking executive said.
As the price of crude oil has surged in the last year, several big oil stocks have followed suit. The next quarter will likely deliver good news again for these stocks, said one analyst—but another suggested examining how companies react to oil's rise before investing in them.
In the next 14 months, patents for the top 20 drugs in the U.S. are set to expire. Although makers of such top-selling drugs, such as Lipitor and Plavix, will no longer have a monopoly on these drug formulas, pharmaceutical stocks will be able to weather the loss of these patents, said two health-care analysts.
As the Aug. 2 deadline to raise the country's $14.3 trillion debt ceiling approaches, investors should expect a downgrade—although it will probably only have a minor impact, said Thomas Lee, JPMorgan's chief U.S. equity strategist.
As Netflix prepares to release its second-quarter earnings after the bell on Monday, one analyst told CNBC the company's Latin American expansion and subscription price hikes could boost its earnings outlook.
As many companies are releasing their second-quarter earnings reports, one investment firm has released its list of top stock picks for the third quarter. David Kestenbaum, Morgan Joseph TriArtisan's head of equity research, detailed his top picks in an interview with CNBC on Friday.
As part of a preliminary investigation into the growing News Corp. phone-hacking scandal, the U.S. Department of Justice is preparing subpoenas of the media company relating to its alleged hacking of voicemail of Sept. 11 victims and foreign bribery, according to the Wall Street Journal.
Bloomingdale's is attaching chunky plastic tags to some dresses to fight "wardrobing."
McDonald's says a revamped version of its Dollar Menu that includes $5 items could be launched nationally this year.
In a move to boost its light beer brand, Heineken is tweaking the taste with a popular hops.
The battle to boost the minimum wage escalated Thursday when fast food workers in 50 cities walked off the job.
Christina Cheddar Berk is editor of CNBC.com's Consumer Nation and chief trend spotter.
Courtney is a retail reporter for CNBC.
Tom is a Senior Editor and Assignment Desk Manager for CNBC TV. He also writes about the business of beer for CNBC.com.
Stephanie Landsman is one of the producers of CNBC's 5pm ET show "Fast Money."
Charles Koppelman, former Chairman and CEO of Martha Stewart Living Omnimedia, explains why he thinks Target's security breach will not spread throughout other retailers.
Attorney General Eric Holder has joined the call for a nationwide notification standard, but divisions persist, making a consensus questionable.
Discussing the state of the consumer, with Jack Kleinhenz, National Retail Federation chief economist; CNBC retail analyst Stacey Widlitz; and CNBC's Courtney Reagan.