The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread 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
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
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread 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
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Apple is investing in a massive, $850-million solar farm that the company says will power its California operations, including its new Cupertino campus, stores and a data center in Fremont, according to reports from Breaking Energy and the New York Times.
Tim Cook and company have long been customers of solar power—sunlight powers facilities in Texas, and elsewhere in California. Apple has received kudos from the likes of Greenpeace for previous efforts to go solar.
And yet, the announcement has left some green groups are seeing red, according to an article in Breaking Energy.
A lineup of significant environmental groups, including the Audubon Society, Defenders of Wildlife and the Sierra Club, say the land that solar power contractor First Solar has purchased for its California Flats solar farm is home to several species of endangered or threatened species of wildlife. Some activists would prefer solar companies would choose "degraded" sites for their projects, rather than an area one activist calls "beautiful, open, largely intact land."
One of the species in question is the federally protected golden eagle.
Apple will pay $848 million to secure 130 megawatts of solar power over the next 25 years, according to the announcement made Tuesday.
First Solar's website says the project is "strategically located to minimize environmental impacts," and an environmental impact report prepared by Monterey County government says "the project site does not consist of specifically sensitive or high quality native habitat. " It also appears that the site has been used as grazing land for livestock.
The Monterey County Planning Commission already approved the project in January, so activists say their best hope may be to "minimize and mitigate the damage" to the area.