Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
The impact of social media sites on retailers' top line is making strides.
According to a new report from Experian Marketing Services, social media sites in March accounted for 7.72 percent of traffic to retail websites, up from about 6.6 percent the prior year.
Pinterest, which at four years old is still in its infancy compared to social sites such as Facebook and YouTube, is driving the greatest percentage of its traffic to retailers' sites, at 10.9 percent, according to the study. Facebook directs 5.3 percent of its traffic to shopping sites, YouTube 3.8 percent and Twitter 2.8 percent.
"While search still dominates, social media is becoming a significant source of traffic across the Internet as consumers increasingly use sites like Facebook, Pinterest or YouTube more as discovery platforms," said Bill Tancer, general manager of global research for Experian Marketing Services.
Amazon is benefiting most from the growing social trend, ranking as the most popular retail site in traffic referrals from Facebook, YouTube and Pinterest. Discount retailers Wal-Mart and Target, which last month announced a collaboration with the site, also made the list on all three sites. Rounding out the top five in Pinterest referrals were daily deals site Zulily and Nordstrom.