The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
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President Donald Trump held "constructive" discussions on a range of economic issues including trade and national security issues.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
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The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
U.S. stock futures were indicating a higher Wall Street open and a possible reversal of recent negative trends.Morning Briefread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
The good news for Tesla Motors, according to Pacific Crest, is that channel checks indicate strong demand for its Model S this year. The bad news is that consumers are gravitating to the cheaper version of this model, which should hurt profit margins for Elon Musk's electronic carmaker and cause the stock to drop by 10 percent, according to the research firm.
"Checks indicate initial demand for Tesla's new, less-expensive car is strong, which would be dilutive to gross margin. We are lowering estimates to reflect this," wrote Pacific Crest's Brad Erickson in a Tuesday note to clients.
Pacific Crest slashed the fair value estimate on Tesla to $190 from $212 and reiterated its sector weight rating in a note Tuesday evening. The stock is already down 11 percent this year after missing its second-quarter vehicle delivery target because of production challenges. Investors are also worried about Musk's proposal to combine the company with his other venture SolarCity.