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
U.S. oil rose on Friday on market talk of decreased supply from the Bakken shale in North Dakota.
Crude oil loadings at a dozen major North Dakota rail terminals fell by more than 200,000 barrels on average in the past two days, data from industry intelligence provider Genscape showed on Friday.
The U.S. Federal Railroad Administration said that any talk of a shutdown at the Bakken oilfield terminals was "a rumor." However, market chatter about a rail terminal shutdown in the Bakken drove U.S. oil up 34 cents in one minute at 10:35 a.m. Eastern.
Tension in Ukraine and lower estimates for U.S. gross domestic product capped gains. Growing concern about the demand outlook for the United States and China, the world's largest and second-largest oil consumers respectively, have weighed on prices. China's yuan looked set for its biggest daily loss on record on Friday.
The U.S. Commerce Department reported Friday that GDP expanded at a 2.4 percent annual rate in the fourth quarter, down sharply from the 3.2 percent pace reported last month and shy of analyst expectations, according to a Reuters poll.
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