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
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
Hedge funds are steering away from battered tech and semiconductor stocks, while bottom-fishing in health care names, according to Goldman Sachs.Marketsread more
Shares of Barnes & Noble gained nearly 8 percent Thursday, following the company's optimistic outlook for 2017 as detailed in its 2016 year-end results.
The retail bookseller expects comparable bookstore sales to range from approximately flat to an increase of approximately 1 percent, more than what some analysts were expecting.
"As we look ahead to fiscal 2017 and beyond, we are focusing on executing a number of initiatives to grow bookstore and online sales, reduce retail and Nook expenses and grow our membership base," said Ron Boire, chief executive officer of Barnes & Noble.
According to its year-end report, the company also plans to open four new concept stores later this year with the first opening this October in Eastchester, New York.
Barnes & Noble shares have climbed more than 29 percent in 2016.