Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.Marketsread more
Goldman notes that high-dividend payers are trading at their largest valuation discount in nearly 40 years.Marketsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.Retailread more
U.S. President Donald Trump told NATO leaders on Wednesday they should increase their defence spending to 4 percent of their country's economic output, double the group's current goal of two percent.
NATO allies shrugged off the demand as part and parcel of Trump's brash push for allies to spend more on their own defence at a summit in Brussels, with a quip from the alliance's chief that it should aim to meet its goal before reaching further.
"We should first get to 2 pct," NATO Secretary-General Jens Stoltenberg, adding that eight of the 29 allies were meeting that target, while others had a plan to do - turning a leaf on years of defence budget cuts.
Striking a strident tone at the summit, Trump's aspirational target of 4 percent of gross domestic product (GDP) was above the United States own spending on defence.
The United States, the world's biggest military power, spent some 3.57 percent on defence last year, according to NATO figures.
A White House spokeswoman said his remarks came as he was urging leaders to increase their outlays on defence and were not a formal proposal.
"He suggested that countries not only meet their commitment of 2 percent of their GDP on defence spending, but that they increase it to 4 percent," Sarah Sanders told reporters.
"Trump wants to see our allies share more of the burden and at a very minimum meet their already stated obligations."
A source close to French President Emmanuel Macron also played down Trump's words as rhetoric, saying "it is not a new demand."