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
Google's deal with HTC will help the company innovate better and faster, Rick Osterloh, Google's Senior Vice President of Hardware, told CNBC on Wednesday.
On September 20, Google announced that it signed a $1.1 billion cooperation agreement with Taiwanese smartphone maker HTC to bolster its smartphone and emerging hardware business.
Osterloh said he hopes the deal will close in the next few months.
"It's going to help us innovate even faster," Osterloh said of the agreement. "We acquired about 2,000 very talented engineers from HTC along with some IP, and we're really excited to have them join our team," he said on CNBC's "Power Lunch. "
On Wednesday, Google unveiled new phones as well as several new products.
"Our big focus is definitely on creating new, innovative products for users. That's the number one thing," said Osterloh. "We will use them [the new engineers] to go to work on creating a bunch of new products."