The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
The controversy surrounding SB 1062, the Arizona law that would let businesses refuse service to gay and lesbians on the basis of religious freedom, intensified Wednesday.
Marc Benioff, CEO of cloud computing provider Salesforce.com, took to Twitter to express his disapproval.
"If this bill passes we will never do another corporate event in Arizona. Good bye @the_phoenician and @ArizonaBiltmore - my two favorites!" he tweeted, mentioning two hotels in the Phoenix area.
A number of corporations oppose the bill. Business review website Yelp, pet supply chain operatorPetSmart, American Airlines, hotel chain operator Marriott and technology giants Apple and Intel have all gone on record against it.
Gov. Jan Brewer has until Saturday to veto SB 1062 or sign it into law. Using a hashtag to refer to the bill, she tweeted Tuesday, "I assure you, as always, I will do the right thing for the State of Arizona."
Supporters say the proposal would protect religious freedom, but critics argue that it could allow businesses to discriminate on the basis of sexual orientation.
"The fact that she didn't veto it immediately sends a really strong message to business that discrimination is actually OK or something to even be considered in Arizona," said Todd Sears, founder of Out on the Street/Out Leadership, on "Street Signs. "
The delay is just "one more black mark" that could have a significant impact on Arizona's economy, if it hasn't already, he said.
Ilya Shapiro, a legal policy analyst at the Cato Institute, told "Street Signs" on Wednesday that the bill has more to do with upholding constitutional rights.
(Read more: Arizona-based PetSmart calls bill bad for business)
"This is about the freedom of association ... not about state discrimination or state-enforced discrimination," said Shapiro.
The only economic effect will be on businesses that support the LGBT community, he said, and that will be a positive one.