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
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.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
Target shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.Retailread more
Gluskin Sheff's David Rosenberg predicts one of the strongest parts of the U.S. economy will disappoint Wall Street and lead to a market meltdown.Futures Nowread more
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Germany has sold a 30-year bond with a 0% interest rate for the first time on Wednesday.Marketsread more
Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.Marketsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
Andrew McCabe, the former FBI No. 2 ousted earlier this year, said Monday that Deputy Attorney General Rod Rosenstein's reported departure could imperil special counsel Robert Mueller's Russia investigation.
Multiple reports Monday said Rosenstein was summoned to the White House and could be on his way out of the Justice Department. Stories conflicted about whether he plans to resign or would force the White House to fire him.
The rumblings about Rosenstein's departure follow explosive reports last week that he discussed President Donald Trump's possible removal via the 25th Amendment following Trump's firing of FBI Director James Comey last year. The New York Times first reported the story, citing sources briefed on the events or on memos written by FBI officials including McCabe.
In a statement Monday, McCabe said he "had no role in providing information of any kind to the media stories about events following Director Comey's firing." The director's ouster led to Rosenstein overseeing the probe into Russian efforts to influence the 2016 election and the deputy attorney general's appointment of Mueller.
"If the rumors of Deputy AG's Rosenstein's departure are true, I am deeply concerned that it puts that investigation at risk," McCabe said.
Rosenstein's departure would raise the possibility of Trump appointing a successor who could end the Russia investigation. Mueller is in part looking into whether the Trump campaign coordinated with the Kremlin during the 2016 election and whether the president obstructed justice by firing Comey.
If Rosenstein departs, Solicitor General Noel Francisco would take over supervision of the Russia probe.