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Could the $1.3T of College Debt Spark the Next Financial Crisis?

Tue, 02/28/2017 - 5:55pm
As President Trump addresses Congress over tax reform and defense spending in a joint session Tuesday night, one agenda that might not be covered could very well spark the next financial crisis: student loan debt default.
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Hersheys to Reduce Global Workforce by 15%

Tue, 02/28/2017 - 5:55pm
Hershey Co, maker of Hershey's Kisses and Reese's Peanut Butter Cups, said will make certain changes to its operations, resulting in a 15% reduction of its global workforce.
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Dow Halts Record Run, February Was Still Mighty for Markets

Tue, 02/28/2017 - 4:55pm
Despite ending Tuesday’s session slightly lower, the major averages notched substantial monthly gains and continued to sit just below all-time highs.
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U.S. Banks See Record Profits in 2016

Tue, 02/28/2017 - 2:14pm
The U.S. banking industry booked record profits last year, according to regulatory data released on Tuesday, as lenders grew a stronger book of loans and fewer banks failed.
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Private Prison Firms Gain as Trump Plans to Crack Down on Crime, Illegal Immigration

Tue, 02/28/2017 - 1:53pm
President Donald Trump’s tough stance on fighting crime and illegal immigration has led to a spike in the share prices of the leading private prison companies.
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Should Investors Wait Until After the IPO to Get in on Snapchat?

Tue, 02/28/2017 - 12:46pm
When clients ask financial adviser Michael Busch about buying shares in Snap Inc.'s initial public offering this week, he warns them to consider it a speculative play.
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New FCC Chair Vows 'Light-Touch' Approach to Regulation

Tue, 02/28/2017 - 12:34pm
The new Republican head of the U.S. Federal Communications Commission promised "light-touch" regulation of areas such as the internet, a dramatic shift away from the Obama administration's approach to telecommunications oversight.
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Honda Chases Silicon Valley With New Artificial-Intelligence Center

Tue, 02/28/2017 - 10:49am
Honda is creating a research arm focused on artificial intelligence.
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U.S. Home Prices End 2016 On High Note, Case-Shiller Says

Tue, 02/28/2017 - 10:25am
Home prices grew at the fastest rate in 2.5 years in December, shrugging off higher interest rates to cap a year of robust growth.
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U.S. Economy Slows in Q4; Consumer Spending Remains Bright Spot

Tue, 02/28/2017 - 9:47am
U.S. economic growth slowed in the fourth quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment.
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4Q Economic Growth Unrevised at 1.9% Rate

Tue, 02/28/2017 - 9:47am
U.S. economic growth slowed in the fourth quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment.
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JPM Shares Slide as Bank Expects 2017 Expenses to Rise 3.4%

Tue, 02/28/2017 - 9:29am
JPMorgan Chase & Co, the biggest U.S. bank by assets, said it expected 2017 expenses to rise about 3.4 percent as it spends more on technology and in signing up new credit card accounts.
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Wall St Slips as Trump Speech looms; Retail a Drag

Tue, 02/28/2017 - 9:14am
U.S. stocks slipped Tuesday afternoon as a disappointing profit outlook from Target dragged down retailers and as investors braced for President Donald Trump's address to Congress.
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Wall Street Slips as Financials, Discretionary Stocks Drag

Tue, 02/28/2017 - 9:14am
U.S. stocks traded lower on Tuesday, setting up the Dow to snap a 12-day winning streak, as financial and consumer discretionary stocks weighed and investors awaited President Donald Trump's speech to a joint session of Congress.
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Wall St Slips as Financials, Discretionary Stocks Drag

Tue, 02/28/2017 - 9:14am
U.S. stocks dipped Tuesday morning, pulled lower by financial and consumer discretionary names, and as investors focused on President Donald Trump's first speech to a joint session of Congress.
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Wall St Dips Ahead of Trump's Speech

Tue, 02/28/2017 - 9:14am
U.S. stocks opened slightly lower on Tuesday, as investors remained on the sidelines, awaiting President Donald Trump's first speech to a joint session of Congress for clues on how he planned to implement his policies.
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Futures Flat Ahead of Trump's Address to Congress

Tue, 02/28/2017 - 9:14am
U.S. stock index futures were flat on Tuesday but hovered near all-time highs as investors awaited President Donald Trump's speech for details on his agenda for the economy.
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FOX News Exclusive: Trump Says 'Revved Up Economy' Will Pay For Budget Proposals

Tue, 02/28/2017 - 7:24am
President Donald Trump said he believes the extra $54 billion dollars he has proposed spending on the U.S. military will be offset by a stronger economy as well as cuts in other areas.
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Target Forecasts Drop in Same-Store Sales, Shares Sink

Tue, 02/28/2017 - 7:17am
Target forecast a surprise drop in full-year sales at established stores on Tuesday and reported a steeper-than-expected fall in holiday-quarter sales due to "unexpected softness" at its stores.
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Target's 4Q Earnings Miss Expectations

Tue, 02/28/2017 - 7:17am
Target reported an adjusted 4Q profit of $1.45 per share, missing the estimate for $1.51. Revenue came in at $20.69 billion. The estimate was for $20.7 billion.
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