Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.Marketsread more
Goldman Sachs lowered its price target on Tesla over concerns about demand.Marketsread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
In an area responsible for the shipment of one-third of the world's seaborne oil, just how high could military confrontation — or indeed, an outright war — send the price of...Oilread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
Australia's economy grew a solid 0.8 percent last quarter as a surge in resource exports and a pick up in consumer spending helped offset a sharp pullback in business investment, an upbeat report that sent the local dollar bounding higher.
Gross domestic product (GDP) advanced at a 2.8 percent pace compared to the fourth quarter of 2012, up from 2.3 previously, and closer to the usual pace expected for a country that has not suffered a recession in 22 years.
(Read more: Australia central bank holds rates at record low)
The Australian dollar jumped a third of a U.S. cent as the data came in above of forecasts. Interbank futures were steady as the market had already widened the odds of a further easing in interest rates given more timely data showed past cuts are feeding through to housing and consumption.
Median forecasts had been for GDP growth around 0.7 percent in Q4 with a range of 0.6 percent to 1.0 percent . GDP was seen up 2.6 percent on the same quarter last year, with a range of 2.4 to 2.8 percent.
(Read more: Australian Finance Minister: 'We could do better')