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
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
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread 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
Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has...Retailread more
Here's how Amazon sells ads, and why it has a natural edge over Google and Facebook in some areas.Technologyread more
Facebook's head of Calibra David Marcus faced skepticism from lawmakers at a House Financial Services hearing on its digital currency plans.Technologyread more
During a speech on "Medicare for All," Bernie Sanders will urge 2020 Democratic candidates to reject money from health care industries.2020 Electionsread 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
The news comes after eBay announced a strategic portfolio review on March 1.The Faber Reportread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
Not everyone was happy about Thursday's big news from the country's largest private employer that it would raise employee pay to $9 an hour in April and to $10 an hour by next February.
On Friday morning, Barclays downgraded the company to "equal weight" from "overweight" and lowered its price target to $85 from $90.
"They have a problem and they know it," she said, "It's also very expensive to fix that problem completely. Wages are probably going to go up across the board, but they needed to do something."
"Honestly I believe they are playing catch-up so there's not going to be that much pressure on anybody else. And the work experience at Wal-Mart is a tough one, tougher probably than elsewhere."
She explained that the downgrade comes down to the fact that the company is making a lot of investments and "it's not clear when and how big the benefits will be."
Adler said that Wal-Mart could become attractive again with "patience, minimum wage increases and a better job market for low-income people."