Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
U.S. government debt prices fell sharply on Friday, after a report showed the U.S. economy added a better-than-expected 257,000 jobs in January.
The U.S. 10-year benchmark Treasury note yield was at 1.94 percent following the release, after closing at 1.815 percent on Thursday. Thirty-year bond yields were at 2.52 percent after closing at 2.422 percent on Thursday.
The unemployment rate edged higher but the U.S. economy added a better-than-expected 257,000 jobs in January, according to the latest data from the Bureau of Labor Statistics.
The consensus forecast for nonfarm payrolls in January is 230,000, while the unemployment rate is expected to remain unchanged at 5.6 percent.
On Thursday, Greek Finance Minister Yanis Varoufakis met his German counterpart Wolfgang Schaeuble in Berlin after a week of touring European capitals in an effort to drum up support for Greece's new proposals over its debt and bailout program. Following the talks, Schaeuble said the ministers had "agreed to disagree."
The Greek government is under pressure to find a solution to its funding situation as international lenders are unwilling to release its latest tranche of aid until it makes a commitment to continue with the conditions of its bailout.
In Greek debt markets, the yields on two-year, five-year and 10-year bonds were trading at 16.6 percent, 13.2 percent and 10.3 percent respectively.