Target beat second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer boosted its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.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
"Lowe's has lagged for years ... it seems that under the guidance of Marvin, the new CEO, Lowe's is really getting its act together," said Oppenheimer analyst Brian Nagel.Retailread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After a rush on refinances, homeowners took a breather last week, despite still seeing the lowest interest rates in about three years.Real Estateread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Wall Street still has an appetite for Beyond Meat, but two traders have a better way to play the stock.Trading Nationread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
As markets consider the implications of having the Federal Reserve chaired by or John Taylor — the two men widely considered to be top candidates for the role — one Barclays analyst has a message for investors.
The selection probably "won't make that big of a difference" for markets, Christian Keller, managing director and head of economics research at , told CNBC.
"Whoever it will be, they will still have to deal with the macro situation that they encouter," he said, adding that those key indicators include strong growth, high uncertainty about upcoming fiscal policies, and very low inflation.
President announcement of his choice for the , due later Thursday, is widely expected to move markets.
And a has emerged in the days leading up to the big reveal.
Many see Powell as the frontrunner with Taylor just behind. Powell, a current Fed governor, is widely perceived to continue with current chair Janet Yellen's gradual approach to unwinding the central bank's balance sheet. But newcomer John Taylor, a Stanford economist, could stand for more hawkish policies, many say.
Irrespective of attitude differences, the two Fed chair candidates are likely to converge on policy because of the existing economic realities, according to Keller.
"None of them probably would want to have too fast interest rate increases that would lead to a dollar surge, which will backfire on growth and on inflation," he said.
There would, however, be some differences between having the two men as Fed chairs.
Taylor invented the "Taylor rule" in 1992, a strategic model that guides the way central banks' interest rates should shift according to economic conditions.
If Taylor joins the Fed committee, that would mean a greater emphasis on "taking a lot of the discretion out and being more formal" with the decision-making process, such as by defining variables and goals, said David Fernandez, Asia Pacific chief economist at Barclays.
Bringing that framework to the table in the current environment would imply continuing with the Fed's ongoing balance sheet unwind, Fernandez said, but added that normalization could be "reinforced" if someone like Taylor were on the Fed committee.