Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After a rush on refinances, homeowners took a breather last week, despite still seeing the lowest interest rates in about three years.Real Estateread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Wall Street still has an appetite for Beyond Meat, but two traders have a better way to play the stock.Trading Nationread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
SAN FRANCISCO, May 1 (Reuters) - Conservative commentator Stephen Moore's sexist comments about women have put in jeopardy his path to the Federal Reserve, with the No. 2 Republican in the Senate saying Wednesday that President Donald Trump's potential nominee may not have the votes to be confirmed.
And mindful of the need to preserve the Fed's independence from political interference, Fed Chair Jerome Powell is keeping mum.
"I think men and women should make the same for the same work, by and large," said Powell, asked about gender pay equity midway through his news conference.
In comments that have become part of the public case against him, Moore laid out in a column in 2014 his view that if rising women's wages mean they earn more than men, families could be destabilized. He reiterated that view this week.
The reporter pressed Powell about whether rising women's wages could hurt the economy.
"I think we are getting in here to commenting on a nominee to the Fed directly," Powell said, grimacing slightly. "That's something I'd rather avoid; it's really not my role to engage with potential nominees to the Fed."
Moore is long-time supporter of tax cuts as a path to growth and a Trump ally, and agrees with the president that Powell made a mistake in raising rates last year and should now cut them.
Fed policymakers all but ignored those views in a meeting this week where they held interest rates steady and gave no quarter to growing expectations they would need to cut them later this year.
But it has been Moore's past writings about women, including disparaging comments in humor columns that he now says he is embarrassed about, that have drawn the biggest protests from lawmakers whose support he needs to be confirmed.
This week several Republican senators signaled their hesitancy over Moore, with one, Joni Ernst, saying it was unlikely she would support his nomination.
On Wednesday, Senator John Thune said Moore's nomination is "in trouble," the Washington Post reported.
Moore did not immediately respond to an email seeking comment on Thunes remarks.
(Reporting by Ann Saphir; Additional reporting by Trevor Hunnicutt; Editing by Lisa Shumaker)