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
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 their 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
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
J.P. Morgan Chase customers will no longer be able to pay with their phones in stores beginning next year.Marketsread more
Stocks enter the coming week on a steadier footing, with lots of economic data and earnings that could help determine whether the economy is slowing or not.
Friday's January jobs report is the highlight of the economic calendar, which also includes personal income and spending, as well as ISM manufacturing data on Monday. Auto sales are reported Tuesday, and ISM nonmanufacturing data are Wednesday. About a fifth of the S&P 500 companies report earnings, including big oil like Exxon Mobil and BP; pharma giants, Merck and Pfizer; and Alphabet (Google).
Stocks were higher in the past week, the second in a row, as oil also steadied and West Texas Intermediate crude futures rose 4.4 percent. The was up 1.7 percent at 1,940, while the Dow climbed 2.3 percent to 16,466. Both were down more than 5 percent for the month, their worst January performance since 2009.