Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Morgan Stanley has cut its bear (worst-case) forecast on Tesla's stock from $97 to just $10, citing concerns about the company's increased debt load and geopolitical exposure.Autosread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
A fractured Europe has often sought help from the U.S., and in recent economic downturns this has meant looking for the American consumer to carry the load.
Yet even before the vote last week by citizens of the United Kingdom to depart the European Union that jolted markets and raised fresh economic worries, there were starkly conflicting signals on whether the once-reliable stateside consumer is on sturdy or shaky footing.
The U.S. stock market has reflected this confusion for months. While a broad economic examination of consumer health looks quite encouraging, investors are also watching emerging symptoms of financial stress in household finances and notable weakness in consumer-reliant stocks.
The reassuring diagnosis from the economists begins with a rather tight labor market, even after the conspicuously weak May employment report. Job openings are at record levels, layoffs remain at multi-decade lows, and wages have been growing faster than consumer price inflation for a long stretch.
A relatively new measure of worker income, the Atlanta Fed Wage Tracker, is a picture of improving bargaining power among employees. This version of the gauge, showing wage growth by those who switch jobs, shows rapid acceleration of earning power for mobile workers.