In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Four members of the House Armed Services Committee, including ranking member Mac Thornberry, R-T.X., said moving forward with the contract was critical to U.S. national...Technologyread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Walmart is making further organizational changes to further integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was sent by...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Gold has been on fire this year and some investors think it is poised to do something it has only done twice since World War II.Marketsread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.Marketsread more
Houston, we have liftoff. Fifty years ago, man landed on the moon and McDonald's and a handful of other stocks took off into the stratosphere. Two of them have more fuel in...Trading Nationread more
The dollar climbed to fresh highs on Wednesday, getting lift from solid U.S. jobs and business data, as the euro sank below $1.11 to an 11-1/2 year low ahead of the launch of quantitative easing by the European Central Bank.
The dollar hit its highest since September 2003 against a basket of currencies and was last up 0.6 percent at 95.958. Earlier it struck a high of 96.059.
The ADP National Employment Report showed a gain of 212,000 private-sector jobs. Economists surveyed by Reuters had forecast the ADP to show a gain of 220,000 jobs.
Separately, the Institute for Supply Management said its services index was 56.9 in February, up slightly from 56.7 in January. Analysts were looking for a reading of 56.5, according to a Reuters poll.
The ADP data likely signaled strength in Friday's potentially markets-moving government jobs report for February, according to Camilla Sutton, chief currency strategist at Scotiabank in Toronto.
"What's really important now is that we get a non-farm print on Friday that comes close to that 235,000 that is expected, or higher," Sutton said. "That will keep the expectations for a Fed interest rate hike fairly near term. For the U.S. dollar that is key. "
The euro's low was its lowest level against the dollar since September 2003. It last stood at $1.1071, off 0.92 percent for the day and below a key support level, Sutton said.
The euro also declined to one-month lows against the yen , which was flat against the dollar at 119.72 yen. Sterling was off 0.7 percent to $1.5259.
The ECB is expected to announce on Thursday details of its planned 1.1 trillion euro bond-buying program, meant to spur European economies as the Fed readies to raise its rates for the first time since 2006.
The dollar index has gained about 6.3 percent so far this year, helped by the U.S. economy's better performance against other major economic regions and relatively higher U.S. yields.