Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
President Donald Trump proclaimed the economy healthy in a pair of tweets Wednesday, saying the only thing holding U.S. growth back was the Federal Reserve.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Transports are stuck at a red light this month, but Old Dominion Freight Line has managed to steer clear of the trouble.Trading Nationread more
Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.Technologyread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
"Under the guidance of the new CEO, Lowe's is getting its act together," says Oppenheimer's Brian Nagel. "If we're right here and this continues, this stock has a long way to...Retailread more
The runup in gold prices is far from over, commodities expert Dennis Gartman told CNBC on Thursday.
With tensions mounting between the United States and North Korea, investors have been moving into the precious metal and other safe haven trades. On Thursday, gold futures hit their highest level in two months, jumping about 1 percent.
"Gold is about to break out on the upside strongly," the editor and publisher of The Gartman Letter said in an interview with "Power Lunch. "
He believes inflationary pressures, especially an increase in wages, and the fact that monetary authorities have been expanding supply reserves are going to have a bullish impact on gold.
Gartman has liked the commodity for years and believes right now investors should have about 10 to 15 percent of their portfolios allocated to gold.
"One never knows when geopolitical risks will arise. One never knows when something untoward will happen economically," he said.
"The stock market looks a little vulnerable. The geopolitical circumstances are getting worse and worse." Gartman added.
His comments came shortly after Bridgewater Associates founder Ray Dalio said he recommends investors allocate 5 to 10 percent of their portfolios to gold.
"We can also say that if the above things go badly, it would seem that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit," Dalio wrote in a LinkedIn blog post.
Dalio cited the rising geopolitical tensions between the U.S. and North Korea in recent days.
— CNBC's Tae Kim and Fred Imbert contributed to this report.