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 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
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
WASHINGTON, May 9 (Reuters) - U.S. Customs and Border Protection said on Thursday it would begin collecting a 25 percent tariff on a $200 billion category of Chinese imports at 12:01 a.m. (0401 GMT) on Friday, another step toward activation of President Donald Trump's planned tariff increase.
In a guidance notice issued on CBP's website, the agency said it would apply the 25 percent tariff to over 5,700 product import categories from China that were previously subject to a 10 percent tariff under the U.S. Trade Representative's "Section 301" investigation into China's intellectual property practices.
Unless reversed by the Trump administration, the notice is the last step needed to begin collections of the higher tariff rate. https://csms.cbp.gov/viewmssg.asp?Recid=24227&page=&srchtargv=19-000236&srchtype = a l l & b t y p e = & s o r t b y = & s b y =
(Reporting by David Lawder; Editing by Peter Cooney)