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Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread 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
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After a rush on refinances, homeowners took a breather last week, despite still seeing the lowest interest rates in about three years.Real Estateread more
The growing popularity of cocaine cut with fentanyl — known on the street as a speedball — or combinations of methamphetamine and fentanyl — known as a goofball — are driving...Health and Scienceread more
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
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Wall Street seems to be growing more comfortable with the possibility of Donald Trump winning the presidential election, according to a recent poll by Strategas Research Partners.
A survey conducted by the firm among more than 650 institutional clients, shows that 50 percent of the respondents believe the billionaire businessman will secure the presidency, compared with only 22 percent back in April. Even as Trump's prospects improved in the eyes of investors, the stock market has climbed almost 2 percent in May and hovers near an all-time high.
"The most jarring change is that it appears that the possibility of Donald Trump winning the presidency is well priced into the markets today," wrote Jason Trennert, chief investment strategist at the firm in a note Tuesday. "Given the recent strength in the markets one wonders whether what seemed to be the most unlikely of all scenarios may play out in the next few months – the discounting of a Trump-inspired rally,"
Strategas gave clients a playbook on which stocks are likely to win or lose from policies Trump promotes during his presidency.