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Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
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Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
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The rule could defy a 2015 Flores Settlement Agreement court order that says families cannot be held in detention for more than 20 days.Politicsread more
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Gun-related stocks rose sharply Monday, ahead of President Barak Obama's expected speech on gun control curbs later in the day.
Smith & Wesson shares climbed over 5 percent while Sturm Ruger stock was up nearly 3 percent. Meanwhile, gun retailers such as Cabela's was trading in the red, along with the broader market, and Sportsmans Warehouse was flat.
Obama said he will meet with U.S. Attorney General Loretta Lynch on Monday to discuss tighter gun control measures after a series of mass shootings.
The Washington Post and Politico reported last week that one of Obama's main proposals would require some unlicensed gun dealers to obtain licenses and conduct background checks on potential buyers. Current law exempts smaller dealers who operate at gun shows and sell online from this practice.
Obama could act upon these measures through an executive order, thereby avoiding opposition from the Republican-controlled Congress but also potentially prompting lawsuits by gun advocates.
— Reuters contributed to this report.