The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
The service will be available on popular platforms like Apple TV, Google Chromecast and Roku, but not Amazon's Fire TV.Technologyread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.Investingread more
Growth in fitness is strong now, but analysts are already warning of a slowdown if the economy goes into a recession.Business Newsread more
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.Marketsread more
Wild market swings claimed plenty of victims last week, but Cornerstone Macro's Carter Worth says Home Depot is poised for a big breakout.Options Actionread more
U.S. Treasuries prices rose on Friday as investors adjusted to the idea that the Federal Reserve was unlikely to tighten monetary policy until the economy looked more robust.
A modest pullback in stocks also supported safe-haven U.S. debt. Bonds edged higher after a brief period of volatility that ensued immediately after the Fed decided on Wednesday against trimming its large-scale asset purchases, confounding market expectations of a reduction.
Treasuries rallied on that news on Wednesday and some profit-taking on that rally followed on Thursday. Prices headed higher again on Friday though gains were modest.
"The Fed is telling people rates don't need to move higher until the economy has time to prove itself. Whether that's at the end of this year or next year remains to be seen," said Jonathan Mackay, executive director and senior fixed income strategist at Morgan Stanley Wealth Management in New York.
Mackay said he expected the 10-year yield to remain at the lower end of a 2.5 percent to 3.25 percent range, near 2.70 percent to 2.90 percent, until yearend.
St. Louis President James Bullard said on Friday that the Fed could still scale back its massive bond-buying campaign at its next meeting, at the end of October, if the data was strong enough, noting that September's decision not to taper was tight.
Low inflation, however, remains a risk for the U.S. economy, Bullard added, saying that he wants to see more evidence of rising inflation before scaling back purchases.
On Friday, benchmark 10-year notes rose 6/32 in price as their yields stood at 2.735 percent from 2.761 percent late on Thursday.
Thirty -year bonds climbed 21/32 as their yields eased to 3.764 percent.