Stocks traded higher for a second straight day on hopes the Federal Reserve chief will confirm expectations of easier monetary policy at a central banking summit this week.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
Democratic candidates face an August 28 deadline to qualify for the September debate.2020 Electionsread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Target shares closed Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts' expectations.Retailread more
"If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the 'Trumponomics' co-author says.Economyread more
Protectionist policies proposed by President-elect Donald Trump could result in jobs losses, as companies use more machines instead of humans in order to reduce rising labor costs in the United States, Jefferies forecasts.
"If companies do invest in the U.S. they are going [to] need to make significant productivity gains by trying to lower unit labor costs. Indeed according to a study by Oxford University in 2013, 47 percent of U.S. jobs are at risk of being replaced by robots," wrote Sean Darby, Jefferies' chief global equity strategist.
"Sell humans, buy robots," he added in the note.
Darby says increased "moral suasion" placed on corporations by Trump to produce in the United States at a time when wages are rising, the dollar is strong and land prices are high, could accelerate the trend in automation.