Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
The Food and Drug Administration "stands ready" to start reviewing e-cigarettes amid a teen vaping "epidemic," acting Commissioner Ned Sharpless said Monday in a statement.Health and Scienceread more
The Guggenheim CIO says he had been approached by the White House about possibly joining the Federal Reserve.The Fedread more
Joe Lonsdale says his fellow Palantir co-founder Peter Thiel was "courageous" for speaking out against Alphabet's Google.Technologyread more
Wall Street analysts say it is increasingly possible the Trump administration will try using a stronger weapon in the currency wars than just presidential tweets.Market Insiderread more
In his prepared testimony for Tuesday's Senate banking committee hearing, Facebook's David Marcus tells lawmakers that the Libra currency will be secure.Technologyread more
U.S. Treasurys yields fell on Tuesday after U.S. retail sales for April came in below economists' forecasts, though growth expectations for the second quarter were little changed.
U.S. retail sales barely rose in April and a gauge of consumer spending slipped, held back by declines in receipts at furniture, electronic and appliance stores, restaurants and bars and online retailers.
The Commerce Department said on Tuesday retail sales edged up 0.1 percent last month, less than economist forecasts of 0.4 percent, though the figure for March was revised upward to 1.5 percent.
Read MoreCNBC explains: Yield curves
While the market was disappointed, "the number is not as bad as the headline,'' said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York, noting the rise from March's 1.5 percent growth figure showed still-solid growth.
Benchmark 10-year Treasurys have held in a tight range since January, with yields oscillating between 2.57 percent and 2.82 percent as investors analyze data for signs of when the Federal Reserve is likely to begin raising rates, which many expect next year.
"Retail sales was fairly weak, but the takeaway is that its not going to lower second quarter GDP projections,'' said Gennadiy Goldberg, interest rate strategist at TD Securities in New York.
"Data momentum has been improving but its choppy, and that will keep the market fairly balanced going forward,'' Goldberg said.
Recent data including the jobs report for April have shown accelerating growth and increased investor hopes that weakness from earlier in the year, which many blame on bad weather, is ebbing.
The next focus of attention will be the U.S. Producer Price Index for April on Wednesday and the Consumer Price Index for April on Thursday, which will be watched for signs that price pressures are increasing.
Low inflation is seen as complicating the Fed's ability to raise interest rates unless there are signs that inflation will rise back to the Fed's 2 percent target.
The Fed bought $1.03 billion in bonds due between 2039 and 2043 on Tuesday as part of its ongoing purchase program. It will purchase between $350 million and $600 million in notes due from 2024 to 2031 on Wednesday.