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
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread 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 recent averages, and that means this comeback may be suspect.Marketsread more
Shares of Tesla slid Wednesday on news of Walmart's lawsuit.Technologyread 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
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
Though the financial terms of the 20-year deal were not disclosed, Bloomberg reported it cost Oracle more than $200 million. This comes just as the company is losing the naming rights to the Golden State Warriors' home stadium in Oakland as they move to the new Chase Center in San Francisco. Chase agreed to pay an annual sum of $15 million to $20 million for naming rights to the stadium over the next 20 years, Sports Business Daily reported.
The Giants received $100 million over 23 years in the deal they signed with AT&T in 2006, according to The San Francisco Chronicle. AT&T gave up its naming rights a year early, telling the Giants during preliminary renegotiation that the team could seek a new sponsor early as it rethinks its own corporate sponsorship strategy, according to a Giants press release announcing the news.
Oracle "immediately stepped up" to the opportunity to have its name plastered on the stadium, according to the press release. Oracle's deal is effective immediately and the San Francisco Chronicle reported that temporary Oracle Park banners will don the stadium while the AT&T signs are being removed.
The new sponsor will bring a tech upgrade to the stadium, according to the announcement. Oracle will help bring a new scoreboard and signs to the park and also "utilize emerging technologies to create unique experiences for fans," the release said.