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 CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.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
Target shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.Retailread more
Transports are stuck at a red light this month, but Old Dominion Freight Line has managed to steer clear of the trouble.Trading Nationread 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
Germany has sold a 30-year bond with a 0% interest rate for the first time on Wednesday.Marketsread 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
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread 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
A daily morning look at the financial stories you need to know to start the day
-Stock futures are higher this morning after another down day yesterday. The Fed decision comes out during Power Lunch at 2pm Eastern and wholesale inflation numbers are out at 830am.
-Bond yields have recovered a bit, with the 10-year yield now at 1.63%.
-Mortgage applications fell 2.4% last week despite the lowest mortgage rates in a year.
-A new study shows that only 69% of low income men ages 18-54 are working in America.
-Bank of America may cut 8,000 consumer banking jobs as digital banking becomes more popular.
-Crude oil is at a 3-week low, down 1% and at the $47/barrel level.
-Gasoline prices fell to $2.36/gallon, national average.
-London's financial sector is basically in a hiring freeze as no one wants to make a move before the big Brexit vote on June 23.
-Bond king Jeffrey Gundlach is brushing off the polls and says the UK will stay in the EU.
-Hillary Clinton easily won the DC primary yesterday and then had what she called a "positive meeting" with Bernie Sanders.
-Billionaire investor Wilbur Ross is backing Donald Trump and the pro-leave camp in the UK.
-Venture capitalist Mark Andreessen supports Hillary Clinton because he opposes Donald Trump's plans to restrict immigration.
-The search is still on for a 2-year-old boy dragged away by an alligator last night near a Disney resort in Florida.
-Iran says it's reached an historic deal to buy passenger jets from Boeing.
-British trials are showing that Viagra can help stop heart attacks. The Pfizer-made drug may soon be used for that purpose.
-The most popular Obamacare plans will see premium hikes of 10% on average for next year.
-A grand jury is being convened to decide whether to charge the Orlando terror shooter's wife with accessory to murder.
-A new report says North Korea may be significantly boosting its nuclear bomb arsenal.
-The Senate has approved the $602 billion defense bill, but President Obama is expected to veto it.
-One part of the bill the Obama administration opposes is the boosting of US missile defense aid to Israel by about $500 million.
-Pakistan is considering canceling its plan to buy F-16's from the US and buy used jets from Jordan instead.