Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
"If it ends in a way that there was violence -- the president said something like Tiananmen Square -- that it would make it more difficult" to reach a trade deal, Pompeo told...Politicsread more
The launch follows a "preview" earlier this month that allowed only limited customers to apply.Technologyread more
Financial advisers are always "buying at the wrong time and selling at the wrong time because they're emotional," the billionaire founder of Baron Capital says.Marketsread more
Energy stocks may be fueling up for a comeback rally. One technical analyst says that after the sector's pummeling, these two stocks look particularly good.Trading Nationread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Nobel-winning economist Robert Shiller takes issue with the Federal Reserve's rate cut in July, saying it caused psychological harm to the markets.Marketsread more
Students use the Starship app to order at all hours of the day and night, and can pay with their meal card if they're buying items covered through their plan. The company has...Technologyread more
Former Minneapolis Fed President Narayana Kocherlakota said the notion that monetary policy is too restrictive is basically correct.The Fedread more
Kohl's says a strong start to the back-to-school season and new partnership with Amazon helped it beat earnings expectations.Retailread more
Richard H. Thaler, who for his contributions to the field of behavioral economics earlier this month, took to Twitter on Thursday to voice his support for lowering limits for pretax contributions to 401(k) plans.
Most workers who have access to 401(k) plans will be able to invest up to $18,500 next year, plus an additional $6,000 in catch-up contributions if they are 50 and over.
But lawmakers in Washington have been discussing possibly lowering that limit to as low as $2,400 amid the debate over tax reform.
President Donald Trump that there should be no change to 401(k) plans. Rep. Kevin Brady, a top tax writer in the House of Representatives, said on Wednesday that those changes are still under consideration.
When Thaler was asked on Twitter whether a $2,400 limit to pretax savings would indicate the government was endorsing that amount as adequate for retirement savings, he said other options, such as a 10 percent deferral, could offset that.
"No reason to subsidize saving by the rich," Thaler said.
Thaler was not immediately available for comment.
The popular savings plans had about $5.1 trillion in assets as of June, according to the Investment Company Institute, an association of investment companies, and about 54 million workers actively participated in 401(k) plans as of 2015.