Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
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
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
Trading volumes this week are well below their recent averages and that means this comeback may be suspect.Marketsread more
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
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
J.P. Morgan Chase customers will no longer be able to pay with their phones in stores beginning next year.Marketsread more
Google just revealed its vision for a massive development in its home city of Mountain View, California, outlining plans for a combination of office, retail, public and residential space.
The documents, published late Friday, center on the North Bayshore area of Mountain View, and include 3.12 million square feet of new and redeveloped offices, up to 400,000 square feet of community retail area, as many as 8,000 new homes and 35 acres of publicly accessible space. Google will partner with a developer to construct up to 6,600 of those residential units on its land, with 20 percent qualifying as affordable housing.
Google says that it worked closely with the city to comply with or exceed stipulations of the "Precise Plan" for development that Mountain View adopted last year.
"We also want to see the area transformed into what the City calls 'Complete Neighborhoods,' with a focus on increasing housing options and creating great public places that prioritize people over cars," Michael Tymoff, Google's Mountain View development director, said in a statement.
One of the North Bayshore sites, called Shoreline Commons, is co-owned by Google and real estate firm SyWest Development, but the two companies have not yet agreed on a master plan.
City officials will discuss the plans early next year.
One of Google's previously approved developments in North Bayshore, a futuristic looking campus dubbed Charleston East, is well underway.
Google's ambitious plans in Mountain View are only a small part of its Silicon Valley land grab.
The company has spent at least $2.8 billion buying up property in Mountain View, Sunnyvale and San Jose over the last two years. Earlier this week, it won approval to buy 10 more acres in San Jose for $110 million.