President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread 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
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
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread 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
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
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores whether this is a fad or the future...Food & Beverageread more
As Wall Street looks to hear from corporate America as the parade of fourth-quarter earnings gets underway, investors are on the lookout for the the effect of crude's decline on the S&P 500's collective bottom line.
"There's no question that declining oil prices are going to impact energy companies, materials and some industrials, or at least those active in the oil field," said Phil Orlando, chief equity market strategist at Federated Investors.
But all the hand-wringing about the negative effect of crude's drop on S&P 500 earnings comes from folks forgetting about the positive consequences on consumer spending, the strategist added.
"For every 1 penny decline at the pumps, that adds a billion annually to consumer discretionary spending," said Orlando, who calculates $157 billion in additional consumer discretionary spending in the past nine months, from April, when a gallon of unleaded sold for a national average of $3.70.
In a $17 trillion economy, the extra cash in consumer pockets should boost GDP by another 1 percent, he said.