Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Trading volumes this week are well below their recent averages and that means this comeback may be suspect.Marketsread more
Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
In a second-round of tweets aimed at the U.S. central bank, the president asked, "WHERE IS THE FEDERAL RESERVE?"Marketsread more
J.P. Morgan Chase customers will no longer be able to pay with their phones in stores beginning next year.Marketsread more
Gluskin Sheff's David Rosenberg predicts one of the strongest parts of the U.S. economy will disappoint Wall Street and lead to a market meltdown.Futures Nowread more
U.S. consumers were more optimistic in May than in April, the Conference Board reported on Tuesday, with sentiment recovering as shoppers became more optimistic about the future.
The Consumer Confidence Index rose to 83 in May, up from 81.7 percent in the prior month. The Expectations Index, a gauge of future conditions, rose to 84.8 from 83.9 in April.
Economists in a consensus survey expected The Conference Board's gauge of U.S. consumer confidence to rise to 83 in May from 82.3 in the prior month.
Separately, the Richmond Federal Reserve said manufacturing conditions in its district were broadly unchanged in May. The Richmond Fed Index checked in at 7, versus the same reading in the prior month. The shipments indicator rose to 10 in May, up from 6 in the previous month, while revenues rebounded sharply—rising to 53 from -5.
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