More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
The pilots union for Southwest Airlines says it will ask Boeing for compensation to cover legal costs and lost income for pilots due to the 737 Max grounding.Airlinesread more
Huawei CEO Ren Zhengfei tells CNBC the company's business is still strong in China.Technologyread more
But BlackRock's global fixed income chief also says he doesn't think the Fed will announce a rate cut until July.Market Insiderread more
Panera Bread has been testing a menu specifically for dinner and plans to expand the pilot to a new market next month.Restaurantsread more
Beyond Meat's plant-based protein story holds appeal to the youngest generation of investors. But its shares, BYND, have done so well in such a short time that it may lead...Invest in You: Ready. Set. Grow.read more
Cresset Capital's Jack Ablin believes stocks could get rattled by a decision not to cut interest rates.Futures Nowread more
Global watchdogs and top U.S. Congress members are calling for oversight of a digital asset being launched by Facebook and roughly two dozen other stakeholders.Marketsread more
A daily morning look at the financial stories you need to know to start the day.
-Stock futures are higher after Wednesday's gains. Economic data comes fast and furious this morning with weekly jobless claims, personal income and spending, and pending home sales all due to report. If the personal spending number is 0.4 percent or higher, investors will see it as a sign of a strengthening economy and proof the revised 3 percent GDP number for the second quarter is no fluke.
-Americans now spend more on taxes than they do on food and clothing combined.
-Harvey is now moving inland. The death toll from the storm and flooding is now at 35, but more dead are expected to be found today. Moody's Analytics is estimating the cost of the storm will be between $51 billion and $75 billion. Explosions and smoke have been reported at the flood-hit Arkema chemical plant in Texas.