St. Louis Federal Reserve President James Bullard expressed optimism that the United States and China will reach a deal to end their trade war.World Economyread more
Qualcomm unlawfully suppressed competition in the market for cellphone chips and used its dominant position to impose excessive licensing fees, a U.S. judged ruled.Technologyread more
Target's e-commerce sales also surged 42%, as shoppers increasingly turned to its curbside pickup service for online orders, something Amazon can't offer.Retailread more
Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.Real Estateread more
Tesla shares are careening out of control this year, and charts suggest another double-digit drop before hitting their next level of support.Trading Nationread more
Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the year, as higher costs weighed on...Retailread more
Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Brazilian makeup brand Natura Cosmeticos agreed to buy Avon Products, according to two media reports early on Wednesday.Retailread more
It's not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford's vision for how its autonomous vehicles deliver packages and goods in the...Technologyread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 24.34 riyals ($6.49) in early deals in Riyadh.IPOsread more
Steven Eisman, the strategist portrayed by Steve Carell in "The Big Short," told CNBC on Monday he does not have another big short — or bet against the market — but instead has a big long idea.
"I think over the next couple of years there will be more leverage, and this will be a golden age of investing in financial stocks," added Eisman, whose bet against the subprime mortgage market prior to the 2008 financial crisis was depicted in the 2015 movie.
Eisman, senior portfolio manager at Neuberger Berman, said he would and is as "long as I can be" on financial stocks, adding that he started buying the day after the election, and has bought more since then.
Despite his thesis, he said he personally thinks the Dodd-Frank Wall Street Reform Act is "good law," and disputes the idea that the postfinancial crisis regulations discourage banks from lending.