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
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
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
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
Sundar Pichai's note reads like a response to growing scrutiny from regulators, press and employees, and echoes a consistent theme of how Google helps people.Technologyread 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
U.S. markets seem "fully valued" and better opportunities exist in other pockets of the globe, one market watcher said Thursday.
U.S. stocks were trading more than 1 percent higher Thursday as the traded above its record close. Perceived overvaluation in stocks make Europe and Japan more appealing, said Jeff Hussey, global chief investment officer at Russell Investments.
"There's a variety of metrics out there that make the market look fully valued if not rich. So we've been neutral U.S. equities since December and have been favoring Europe and Japan as some alternative areas for better return prospects," he said in a CNBC "Power Lunch" interview.
He added that he would be "happy" to see a 5 percent pullback in U.S. stocks.
U.S. equities may not have reached their peak, Tony Roth, chief investment officer at Wilmington Trust, said Thursday. Stocks could still move higher as it could take months for the Federal Reserve to abandon its near-zero interest rate policy.
Roth said he does not see a market correction approaching in the near future, he told "Power Lunch."