Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
At Rockets of Awesome, Scott Turner will be a senior vice president responsible for digital and marketing. He'll report to founder Rachel Blumenthal, wife to Warby Parker...Retailread more
Shares of Beyond Meat jumped 12% Monday afternoon, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Retailers are finding ways to create affordable clothing for children with disabilities. Kohl's Target, Tommy Hilfiger and Zappos have all launched lines in recent years.Retailread more
"Even a 50-basis point reduction would still keep the Fed funds rate well above zero," Shelton told The Washington Post in an email.The Fedread more
The stocks of several utilities opened lower, after weekend power outages during a major heat wave and from severe storms.Market Insiderread more
Investors shouldn't worry over the latest round of trade policy retaliation between the U.S. and China, according to Goldman Sachs.
"Trade tensions represent a minimal risk to S&P 500 earnings in aggregate," David Kostin, Goldman's chief U.S. equity strategist, wrote in a note to clients Friday. "Trump Administration has floated the possibility of an additional $100 bn of tariffs [on China]. Our Washington, D.C. economists view this escalation as a negotiating tactic, but it increases the probability of disruptive announcements in coming weeks."
The strategist said imports from China only represent 3 percent of U.S. GDP, while exports to China constitute just 1 percent of the economy. Goldman's chief economist Jan Hatzius said on Monday if the proposed tariffs are implemented, it would impact U.S. inflation and GDP growth by less than 0.1 percentage point.
Kostin reiterated his year-end price target of 2,850 for the S&P 500, representing 9.4 percent upside from Friday's close.
Trade tensions with China rose to new highs last week when the Trump administration on Tuesday detailed its targets of Chinese imports to be subjected to tariffs.
On Wednesday, China responded by announcing plans for tariffs on 106 U.S. products, including soybeans, cars, aerospace and defense. Then on Thursday, President Donald Trump instructed the U.S. trade representative to consider $100 billion in additional tariffs against China, which Goldman cited.
Treasury Secretary Steven Mnuchin said on Friday "there is the potential of a trade war."
The recent trade volleys between China and the U.S. came after Trump's tariff plan for aluminum and steel imports earlier this year.
— CNBC's Michael Bloom contributed to this story.