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Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
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Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
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The rule could defy a 2015 Flores Settlement Agreement court order that says families cannot be held in detention for more than 20 days.Politicsread more
A key indicator for the commercial real estate market is showing signs of weakness, and uncertainty in the economy over the trade war and interest rates may be to blame.Real Estateread more
Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
In a second-round of tweets aimed at the U.S. central bank, the president asked, "WHERE IS THE FEDERAL RESERVE?"Marketsread more
The firm raised its rating on Comcast shares to outperform from market perform, predicting investor sentiment for the company will improve over the next year.
On Thursday Comcast said it would not pursue its bid to buy parts of Twenty-First Century Fox, choosing to focus on its offer for Britain's Sky.
“We are upgrading shares of Comcast … following its announcement that it will not make a superior offer for the FOXA carve-out assets,” analyst Frank Louthan IV said in a note to clients Thursday. “Our thesis on the operating business remained unchanged, as Comcast is the best positioned large-cap cable/telco name with predictable growth, cash returns to shareholders, low leverage, recurring revenue, and FCF growth.”
Louthan commended the company’s price discipline in its bidding war with Disney over Fox’s assets.
Comcast shares rose 3 percent Thursday after the announcement. Its stock is down 15 percent this year through Wednesday versus the S&P 500’s 5 percent gain.
The analyst initiated a new $40 price target for Comcast shares, representing 17.5 percent upside to Wednesday’s close.
“We believe Comcast is the best operator in the space with an attractive set of assets, and that this will be better reflected in the share price over the next 12 months,” he said.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.