Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
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
President Donald Trump proclaimed the economy healthy in a pair of tweets Wednesday, saying the only thing holding U.S. growth back was the Federal Reserve.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
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.Technologyread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
"As long as the trade situation remains fluid, it will present an additional layer of uncertainty and complexity as we plan our business," Target CEO Brian Cornell said.Retailread more
"Under the guidance of the new CEO, Lowe's is getting its act together," says Oppenheimer's Brian Nagel. "If we're right here and this continues, this stock has a long way to...Retailread more
Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.Marketsread more
President Barack Obama called former Secretary of State Hillary Clinton on Tuesday to congratulate her on "securing the delegates necessary to clinch the Democratic nomination for president," according to a statement from the White House.
Obama also spoke with Sen. Bernie Sanders of Vermont, Clinton's last remaining opponent, the statement said.
"The president congratulated both candidates for running inspiring campaigns that have energized Democrats, brought a new generation of Americans into the political process, and shined a spotlight on important policy ideas aimed at making sure our economy and our politics work for everybody, not just those with wealth and power," the statement said.
The White House characterized Clinton's campaign as "an extension of her lifelong fight for middle-class families and children."
On Tuesday evening, Clinton delivered a victory speech, turning to the general election.
As for Sanders, Obama reportedly thanked the senator for "energizing millions of Americans with his commitment to issues like fighting economic inequality and special interests' influence on our politics."
Additionally, the White House said Obama will meet with Sanders on Thursday — at the senator's request.