Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
The growth in net interest income, a main engine of banking profit, looks to slow to a halt in the back half of this year, Bank of America CFO Paul Donofrio says.Banksread more
Investors are happy to be turning the calendar page Monday morning, with the Dow Jones Industrial Average and coming off their second consecutive January selloff, posting their biggest monthly losses since the same month in 2014.
U.S. stock index futures pointed to a mixed open, ahead of the last heavy week of earnings season. Dow and S&P futures traded higher, while Nasdaq futures were lower.
Economic data due out during the day include the ISM Index for January, along with construction spending and personal income and spending.
Asian data out earlier showed that manufacturing activity in China is still contracting. China's final HSBC Purchasing Managers' Index (PMI) fell to 49.7 in January, a touch below its 49.8 flash reading. The 50-point mark separates expansion from contraction.
Greece's new left-wing government began what one analyst called a "charm offensive" on Sunday, in an effort to persuade its euro zone partners to soften the terms of its international bailout. The government has already started to reverse austerity measures unpopular in Greece that were a condition of its current bailout agreement.
In a budget plan to be unveiled on Monday, President Barack Obama will call for a one-time, 14 percent tax on profits piled up abroad by multinationals, such as General Electric and Pfizer. He will also seek to impose a 19 percent tax on U.S. companies' future foreign earnings.