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
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
In a second-round of tweets aimed at the U.S. central bank, the president asked, "WHERE IS THE FEDERAL RESERVE?"Marketsread more
DUBLIN, May 7 (Reuters) - U.S. electronic cigarette company Juul Labs Inc plans to launch in multiple Asian locations in 2019 and the Middle East and Africa by 2021 as part of its international expansion, a senior executive said on Tuesday.
Juul, which sold a 35 percent stake to Marlboro maker Altria Group Inc in December for $12.8 billion, expects international sales to match those in the United States, where it is the market leader, by around 2023, EMEA President Grant Winterton said in an interview.
But the company is meeting resistance in the European Union over nicotine levels in its products.
"At the moment I would say there is quite a lot of resistance" to lobbying for the European Union to increase the maximum nicotine level from 20 milligrams per milliliter of liquid, around of a third of the level in the United States, Winterton said. (Reporting by Conor Humphries, editing by Louise Heavens)