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
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
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
See which stocks are posting big moves after the bell.Market Insiderread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
U.S. personal income in November rose for an eighth straight month on solid wage gains, which should support consumer spending and bolster economic growth next year.
The Commerce Department said on Wednesday income increased 0.3 percent last month after an unrevised 0.4 percent rise in October. Economists polled by Reuters had forecast income advancing 0.2 percent last month.
Wages and salaries rose 0.5 percent, adding to a 0.6 percent gain in October. A tightening labor market, marked by an unemployment rate that is in a range some Federal Reserve officials consider consistent with full employment, is starting to lift wages.
The Commerce Department's Bureau of Economic Analysis inadvertently released part of the consumption portion of its report late on Tuesday. It showed consumer spending increased 0.3 percent last month after being unchanged in October.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.3 percent when adjusted for inflation after holding steady in October.
While consumer spending is likely running below the third-quarter's annualized brisk pace of 3.0 percent, November's increase could prompt economists to modestly lift their fourth-quarter gross domestic product estimates.
GDP growth estimates for the final three months of the year have been hovering around a 2 percent rate, the same pace of growth in the third quarter.
With spending outpacing income, savings fell to $747.6 billion. Still, they remain at lofty levels.
Inflation continued to run below the Fed's 2 percent target last month. A price index for consumer spending was unchanged after nudging up 0.1 percent in October.
In the 12 months through November, the personal consumption expenditures (PCE) price index was up 0.4 percent after rising 0.2 percent in October.
Excluding food and energy, prices nudged up 0.1 percent after being unchanged in October. The so-called core PCE price index rose 1.3 percent in the 12 months through November, for the 11th straight month.