CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has...Retailread more
The news comes after eBay announced a strategic portfolio review on March 1.The Faber Reportread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Hedge fund manager Kyle Bass reportedly thinks that U.S. interest rates will plummet toward zero in 2020 as the economy heads for recession.Hedge Fundsread more
Shares of beauty and wellness products company Nu Skin tanked on Wednesday after the company said China's crackdown on health products is weighing on sales.Investingread more
Buying stocks when they are this expensive has historically led to lower returns, data compiled by Ned Davis Research shows.Marketsread more
Chief White House economic advisor Larry Kudlow said Wednesday that a thriving economy is allowing markets to continue to perform well amid the barrage of seemingly damaging political headlines.
The bull market on Wall Street set history this week when it eclipsed the S&P 500's all-time high.
That came even amid more headaches for the White House. Paul Manafort, President Donald Trump's one-time campaign manager, was found guilty Tuesday on multiple fraud counts, while longtime Trump lawyer Michael Cohen admitted to tax fraud and making an illegal campaign contribution.
Through it all, and through continuing worries about a global trade war and an assortment of other controversies surrounding the president, the markets have persevered and even climbed into the green on Wednesday.
Kudlow, in an exclusive interview Wednesday with CNBC.com, said a thriving economy is overcoming those issues.
"The economy's everything when it comes to markets and confidence, and I think that markets frankly look through all these various political issues," he said. "There's no change in policy coming, that's what really matters. Keep your eye on the ball, and I think the markets have done a good job."
GDP grew at a 4.1 percent pace in the second quarter, and the Atlanta Fed is forecasting 4.3 percent growth in the third quarter. Unemployment is at 3.9 percent, around the lowest since 1969, and business and consumer confidence remains high.
However, the political hits have continued.
Kudlow himself was in the crosshairs following a Washington Post report that a man with ties to a white supremacy group was a dinner guest at his home recently.
Asked if the continuing barrage of political mayhem was bothering him, Kudlow said he's doing fine.
"I feel great, I sleep well, I show up for work every day, and it's my honor to help out there," he said.
However, he acknowledged that the environment can be challenging.
"Washington is a funny place these days," he said.