Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
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
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
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
Trading volumes this week are well below recent averages, and that means this comeback may be suspect.Marketsread more
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
A key indicator for the commercial real estate market is showing signs of weakness, and uncertainty in the economy over the trade war and interest rates may be to blame.Real Estateread more
Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
In a second-round of tweets aimed at the U.S. central bank, the president asked, "WHERE IS THE FEDERAL RESERVE?"Marketsread more
The estimated jackpot for Wednesday night's Powerball drawing has hit $500 million, making it the sixth largest lottery prize ever in the U.S.
If a winning ticket is sold, the winner could select $306 million in cash, before taxes are deducted, or the full jackpot in an annuity paid out over 29 years.
The jackpot value was boosted from $450 million earlier in the day due to strong ticket sales, according to Powerball's press release. However, it still has room to reach the record $656 million jackpot in a Mega Millions drawing in March 2012. The largest Powerball prize was a $590.5 million jackpot won by a Florida woman in May 2013.
The odds of landing this jackpot? One in 292.2 million.
The drawing is at 10:59 p.m. ET Wednesday.
Powerball is played 44 states as well as the Washington, D.C., the U.S. Virgin Islands and Puerto Rico.
— The Associated Press contributed to this report.