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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
Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.Technologyread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
"As long as the trade situation remains fluid, it will present an additional layer of uncertainty and complexity as we plan our business," Target CEO Brian Cornell said.Retailread more
Hedge funds are steering away from battered tech and semiconductor stocks, while bottom-fishing in health care names, according to Goldman Sachs.Marketsread 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
Dow to open higher; strong retail earnings; Gundlach says Fed lost control; negative-yielding corporate debt soars; and Trump on payroll tax cutMarketsread 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
WASHINGTON, May 17 (Reuters) - U.S. President Donald Trump said on Friday there was a "good chance" Democrats would back his immigration and border protection efforts ahead of the November 2020 elections, despite their opposition to his latest plan to overhaul the current system.
In a series of early-morning tweets, the Republican president acknowledged he needs Democratic votes to pass his latest immigration plan and to secure funding to manage record migrant flows along the U.S.-Mexico border.
"The Democrats now realize that there is a National Emergency at the Border and that, if we work together, it can be immediately fixed. We need Democrat votes and all will be well!" Trump tweeted on Friday.
On Thursday, the president unveiled his latest immigration plan, calling for changes to favor young, educated, English-speaking applicants, instead of people with family ties to relatives in the United States. The proposal is expected to have little chance of being approved by the divided Congress.
He also asked for $4.5 billion from lawmakers to help house, feed, transport and oversee Central American families seeking asylum.
U.S. House Speaker Nancy Pelosi on Thursday appeared open to approving the emergency funds, saying money to alleviate the humanitarian crisis at the nation's southern border could be included in pending disaster relief legislation.
Democrats on Thursday night offered Republicans "several billion" dollars for border relief, a House aide said.
Democrats were unmoved, however, by Trump's immigration proposal, which does not address one of their key issues: protection for so-called "Dreamers," the roughly 11 million people brought to the country illegally as children.
The president's plan was "dead on arrival," Pelosi said on Thursday.
His proposal also drew concerns from hardline conservatives who want to reduce immigration. Trump's plan, however, keeps overall numbers flat but shifts to a "merit-based" system.
To pass any bill, Trump would need to win over both Democrats, who control the U.S. House of Representatives, and Republicans, who narrowly hold the Senate.
In unveiling his plan on Thursday, Trump eyed the election, saying if Democrats did not support his measure Republicans would win back the House in November 2020, then pass it.
Republicans held the chamber for Trump's first two years in office but failed to pass any immigration overhaul. A bipartisan immigration deal hammered out last year also failed after Trump refused to back it. (Reporting by Susan Heavey; Editing by Jeffrey Benkoe)