These are the stocks posting the largest moves before the bell.Market Insiderread 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
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 also tops rival Home Depot on same-store sales growth in the U.S.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
The growing popularity of cocaine cut with fentanyl — known on the street as a speedball — or combinations of methamphetamine and fentanyl — known as a goofball — are driving...Health and Scienceread 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
Billionaire hedge-fund manager Bill Ackman told CNBC on Monday he should have bet against the retail sector.
"We should've been" short on retail, said Ackman, CEO of Pershing Square Capital Management, adding his firm isn't really big on short selling.
"I see [that] retailers have to adapt," Ackman said in an interview on "Halftime Report. "
The SPDR S&P Retail ETF (XRT) is down more than 8 percent this year. Major department store chains have scaled back their physical footprints as consumers' shopping preferences change.
When asked whether the mall will exist five years from now, Ackman, who has made a handful of retail investments over the years, said: "Yes."
"It's going to have different tenants, in 5 and 10 years from now," he said. He said the mall will adapt to become places where communities come together.
"Think about what a mall is. A mall is 100 acres at the intersection of the two most important highways in a particular community," he said. "It's going to be more food and entertainment and innovative concepts."
Ackman said "the old way of doing business" in retail isn't working anymore. "If you're selling a commodity product which is less convenient than ordering on Amazon, you're dead," he said.
If retailers want to survive the new consumer landscape, they need an innovative concept, Ackman said.
"You have to make an experience that people are excited about participating in," Ackman said. "People don't want to go to a big-box department store anymore."