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
These are the stocks posting the largest moves midday.Market Insiderread 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
Check out the companies making headlines before the bell:
Allergan — Allergan beat estimates by 24 cents a share, with adjusted quarterly profit of $3.79 per share. Revenue also exceeded Wall Street forecasts, helped by sales growth for existing products like Botox and Juviderm. The company also raised its full-year forecast amid what it calls a rapidly progressing product pipeline.
Mallinckrodt — The European drugmaker earned an adjusted $1.94 per share for its first quarter, 24 cents a share above consensus forecasts. Revenue also topped estimates, helped by a return to growth for its specialty generics business. The company also raised its full-year forecast.
Regeneron Pharmaceuticals — Regeneron reported adjusted quarterly profit of $4.45 per share, short of the $5.46 a share consensus estimates. The drugmaker's revenue also missed forecasts, hurt by a surge in expenses.
Ferrari — Ferrari reported a 22% jump in net profit during the first quarter from a year earlier, helped by sales growth for its Portofino sports car line.
Aramark — The food services company missed estimates by 4 cents a share, with adjusted quarterly profit of 45 cents per share. Revenue was essentially in line with expectations. Its full-year forecast was also slightly short of analysts' forecasts.
Anadarko Petroleum — Anadarko said Occidental Petroleum's $38 billion takeover bid is superior to the deal it had in place to be bought by Chevron. Anadarko has notified Chevron that it is determining the deal, with Chevron now having four days to respond with another offer should it decide to do so.
Boeing — Boeing was downgraded to "equal weight" from "overweight" at Barclays, which thinks passengers will try to avoid flying 737 Max jets for longer than anticipated.
Hertz Global — Hertz reported a quarterly loss of 99 cents per share, smaller than the $1.33 per share loss that analysts had been predicting. The car rental company's revenue was essentially in line with estimates.
AIG — AIG earned an adjusted $1.58 per share for the first quarter, well above the $1.06 a share consensus estimate. The insurance company's revenue also came in above Street forecasts, and its general insurance operation saw an underwriting profit for the first time in a decade.
PepsiCo — The beverage and snack maker will invest about $4 billion in Mexico over the next year in conjunction with Mexican partner Grupo Gepp, with part of that investment going to a new $109 million plant.
Pioneer Natural — Pioneer reported adjusted quarterly profit of $1.83 per share, beating consensus estimates by 22 cents a share, though revenue was below forecasts. The energy producer also announced it sold various assets to focus solely on its operations in the Permian basin.
Gluu Mobile — Gluu Mobile earned an adjusted 5 cents per share for the first quarter, matching Wall Street forecasts. The mobile game developer's revenue came in above estimates. It also said three new games — WEE Universe, Diner DASH Adventures, and Disney Sorcerer's Arena — are set to launch over the next few months. However, Gluu also gave weaker-than-expected guidance for both the second quarter and the full year.
Mosaic — Mosaic beat estimates by a penny a share, with adjusted quarterly profit of 25 cents per share. The fertilizer producer's revenue also came in above analysts' forecasts. The better-than-expected results occurred despite poor weather, which boosted Mosaic's costs.