Target beat second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer boosted its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
"Lowe's has lagged for years ... it seems that under the guidance of Marvin, the new CEO, Lowe's is really getting its act together," said Oppenheimer analyst Brian Nagel.Retailread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After a rush on refinances, homeowners took a breather last week, despite still seeing the lowest interest rates in about three years.Real Estateread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Wall Street still has an appetite for Beyond Meat, but two traders have a better way to play the stock.Trading Nationread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Japanese Finance Minister Taro Aso on Friday warned China against frequent manipulation of yuan rates, saying that Tokyo would face a tough decision on how to respond to any such interventions from Beijing.
Aso urged China to continue shifting its currency market towards a market-oriented system.
In a move that shook global financial markets, China last week devalued the yuan by nearly 2 percent. The action, coming on top of a slew of gloomy data including soft exports and slumping wholesale prices, heightened concern over the strength of the world's second-largest economy.
Aso said Japan welcomes the move if it was part of Beijing's efforts to make its currency system a market-based one. But he warned that Japan was on guard against any attempts by China to manipulate the yuan to give its exports a competitive advantage.
"Japan would face a tough decision on how to respond if China intervenes frequently in the market," he told a news conference after a regular cabinet meeting.
Aso said China's economic slowdown was undoubtedly a big factor behind the declines in global stocks, including a near 2 percent fall for Japan's benchmark Nikkei average on Friday morning.
"We must scrutinise various data to see if China's economy is indeed expanding at a pace of 7 percent," he said.
Japanese policymakers have been keeping a wary eye over Beijing's handling of the turmoil in its markets given China is a major trading partner, and any negative impact on the Asian economic powerhouse is expected to knock Japanese exporters.
Japan's export growth slowed in July on reduced shipments of cars and electronics to Asia in a sign that the global demand outlook may be losing its lustre.