Democratic candidates take the stage together for the first time as they jockey for position in the race to take on President Trump in 2020.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
The Federal Reserve can change how things look but "not how they are," the founder and editor of Grant's Interest Rate Observer said Wednesday, as Wall Street awaited the central bank's afternoon policy statement.
In an interview on CNBC's "Squawk Box, " Jim Grant said the consequences of the Fed's easy money stance since the financial crisis—or "price controls" as he calls them—play out silently. He's been a long-time proponent of normalizing rates.
"Central banks the world over have been suppressing [rates], manipulating them, and otherwise manhandling them," Grant argued, predicting "this experiment will end in failure" because price controls never work.
Many market participants expect the Fed to remove the word "patient" from the debate on when to increase interest rates for the first time in nearly a decade. June has been seen as a possible start date.
The Fed started cutting rates in 2007, and they are now at near-zero percent levels.
Despite his personal views, Grant believes central bankers won't remove "patient," because of the strong dollar and a weaker underlying economy. "The surprise might be that the Fed reverts to its now very familiar stance of ease."
He pointed to a rolling forecasting model by the Atlanta Fed for real GDP after the release of major economic numbers. The model estimates a first quarter seasonally adjusted annual growth rate of 0.3 percent.
It's possible history could vindicate the central bank's extraordinary moves, Grant acknowledged.
But he said he worries about the precedent that's been set. In the event of a future economic crisis or a bear market in stocks, the Fed would be "duty-bound to re-enter the market just as forcefully as it has done since 2007," he said.
"The virus of radical monetary policy is in the political bloodstream, meaning we can't go back now," he continued. "They're bound to come back and do more."