Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Trading volumes this week are well below their recent averages and that means this comeback may be suspect.Marketsread more
The rule could defy a 2015 Flores Settlement Agreement court order that says families cannot be held in detention for more than 20 days.Politicsread more
Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
In a second-round of tweets aimed at the U.S. central bank, the president asked, "WHERE IS THE FEDERAL RESERVE?"Marketsread more
J.P. Morgan Chase customers will no longer be able to pay with their phones in stores beginning next year.Marketsread more
Fears surrounding President Donald Trump drove U.S. markets sharply lower Wednesday, but longtime bull Jeremy Siegel certainly isn't concerned.
"If Donald Trump resigned tomorrow I think the Dow would go up 1,000 points," the Wharton School finance professor said in an interview Wednesday with "Closing Bell. "
Speculation about Trump's impeachment or resignation heated up after news that fired FBI Director James Comey left a memo detailing a conversation in which Trump allegedly asked him to stop his investigation of former national security advisor Michael Flynn.
Siegel sees the sell-off as a buying opportunity and thinks tax reform will still get done no matter what happens with Trump.
"The Republicans have a lock. Nothing can change that for two years," Siegel argued.
And he believes Trump will sign whatever tax or regulatory reform the GOP presents.
"Trump will more likely, if he stays in power, be really controlled by Congress."
— CNBC's Fred Imbert contributed to this report.