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 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
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
Box fell more than 7 percent on Thursday after a weaker-than-anticipated second quarter outlook sparked fears the company's growth would slow. But CEO Aaron Levie says the enterprise cloud storage company stands to benefit from cloud migration, and may even be in the market for some small acquisitions as growth picks up.
"Wall Street had pretty high expectations about where we would be guiding in the future, but we wanted to issue guidance we knew we could commit to achieving," Levie said on CNBC's "Closing Bell."
"Overall we are seeing incredible momentum in terms of customers moving their content and collaboration systems to the cloud, and we stand to benefit from all that migration," he added.
Levie says the company has plans to invest more into core technologies, like artificial intelligence, security and workflow, which he could mean small acquisitions in the future.
"We might make small acquisitions ourselves in terms of growing that technology. We are very confident in the position we occupy and just want to expand that from there."
Box has seen a substantial rise in value this year, up 22 percent year-to-date and close to 37 percent year-over-year. Some investors worry Box may not be growing fast enough to compete with giants like Google and Microsoft, but Levie says Box has been competing all along.
"We have been competing with those big incumbents since the day we started our company in college 13 years ago," he said. "Our focus has been build a superior product, deliver a better user experience to end users and enterprise IT buyers...and be the world leader in security, compliance and privacy."
Levie also emphasized the importance of remaining "platform neutral" so as to integrate seamlessly with customers' other services, and discussed a few techniques he said would drive growth rate by the end of 2018 and into 2019.
"We are going through an evolution of our sales model, where instead of selling the core product to customers, it's about add-on services and platform capabilities," Levie said. "That's going to have the impact of growing average contract value."