Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Gap Inc.'s fiscal second-quarter earnings topped analysts' estimates but sales missed. Same-store sales dropped 4% during the period, worse than expected.Retailread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Dallas Fed President Robert Kaplan would like to avoid additional stimulus but is keeping an "open mind."The Fedread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
As unemployment falls, so too may the stock market.
This cold-hearted theory is being proposed by many on Wall Street.
"Signs of pressure from labor costs are starting to rear their head," Bank of Merrill Lynch equity strategist, Savita Subramanian, told clients on Monday.
Many companies in the this month have issued negative earnings pre-announcements and lower guidance because of rising wages and higher costs for benefits.
Case in point, during a conference call Monday, Brian Goldner, Hasbro CEO, noted that the single biggest input cost for the firm is labor. "We continue to see labor inflation rates in the double-digit range," he said.