Joshua Roberts | Reuters White House Chief Strategist Stephen Bannon speaks at the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, February 23, 2017. Former chief strategist and campaign manager Steve Bannon's...
Makers of semiconductor manufacturing equipment are more profitable than ever, which poses an interesting dilemma for investors accustomed to buying low and selling high. Applied Materials and Lam Research, the two largest companies in the space, reported record operating profits for their...
Senate Majority Leader Mitch McConnell on Monday insisted the U.S. government will raise the debt ceiling and avoid defaulting on its debt. "There is zero chance — no chance — we won't raise the debt ceiling. No chance," McConnell said at an event in...
The Jackson Hole gathering of central bankers of recent years has been an opportunity for policy makers to pledge extraordinary support for economies, in particular via quantitative easing. But this year looks different. As Janet Yellen and Mario Draghi prepare for this week’s...
The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio. Labor market...
Direxion, the firm behind popular exchange-traded funds that offer leveraged bets on gold mining companies, oil prices and Chinese stocks, launched a new ETF on Thursday that aims to triple the returns of emerging-market bonds. The Direxion Daily Emerging Markets Bond Bull 3X...
Financial markets are warning of weakness in the U.S. economy, so the Federal Reserve should be "very patient and judicious" as it considers whether to raise interest rates, a policymaker in the Fed's cautious camp said on Thursday. In a speech and press conference, Dallas...
It might seem like the most basic retail maxim, but the second-quarter drilled it home for investors: low prices matter. The only winners in an otherwise bleak retail landscape were the ones offering the lowest ones. The list of companies that posted...
Gaston de Cardenas | AFP | Getty Images People purchasing plywood at Home Depot in Miami, Florida. Consumer confidence was better than expected in August, beating projections from economists surveyed by Reuters. ...
Michel Vounatsos, Biogen’s new chief executive, is in a tough position. A letter sent to the company by two House Democrats on Thursday as part of an investigation into high prices of multiple sclerosis drugs provides an illustration. Among other...