Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
All trains travelling in and out of New York Penn Station have been halted because of an Amtrak overhead wire issue, New Jersey Transit said Wednesday.Transportationread more
This just might be Fed Chair Jerome Powell's toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering with Grand Rounds, a start-up that sells into the employer channel, to make it...Technologyread more
But it's still unclear when the currently stalled trade negotiations between the two economic superpowers will restart, Lighthizer said.Politicsread more
Apple's iOS 13 update, which will be available in the fall for iPhones, will let Siri read your text messages to you through your AirPods. Here's how to set it up.Technologyread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
Russia-West relations took a downturn this week when Moscow warned that any stationing of military equipment along its border with Europe could have "dangerous consequences" and President Vladimir Putin announced that Russia would add more than 40 ballistic missiles to its nuclear arsenal this year.
At a military and arms fair on Tuesday, Putin announced the addition of the intercontinental ballistic missiles which, he said, were able to overcome "even the most technically advanced anti-missile defense systems."
After the announcement, Jens Stoltenberg, the secretary-general of the North Atlantic Treaty Organization (NATO), said that Putin's statement was one reason why the international military alliance was upping its deterrence measures.
The Russian Foreign Ministry issued its warning on Monday against military presence on its western border after the New York Times and other media organizations reported that the U.S. had offered to store military equipment for up to 5,000 troops—including battle tanks and heavy weapons—in allied eastern European countries.
"The emergence of such information confirms that the U.S., in cooperation with its allies, apparently has serious sights on ultimately undermining key provisions in the 'NATO Russia Founding Act' of 1997, in which the alliance pledged not to deploy substantial combat forces on the territory of the countries mentioned in the permanent basis," the ministry said in a statement on its website.
"We hope, however, that reason will prevail and that the situation in Europe will be able to keep from sliding to a new military confrontation that could have dangerous consequences."
An U.S. Pentagon official told the NYT that no decision had yet been made and that NATO, to which many European countries belong, would have to ratify such a move.
"The U.S. military continues to review the best location to store these materials in consultation with our allies," said a Pentagon spokesman said, cited by the NYT. "At this time, we have made no decision about if or when to move to this equipment."
Eastern European and Baltic states sharing a border with Russia—which include Finland, Estonia, Latvia and Ukraine—have become increasingly nervous about recent, seemingly provocative military exercises by Russia. This follows Moscow's annexation of Ukraine's Crimea region last year, role in the pro-Russian uprising in Ukraine and subsequent sanctioning by the West.
Nonetheless, the Russian Foreign Ministry said the proposed move by the U.S. to station military equipment along the border was part of a propaganda plot to turn Europe against Moscow.
"Washington says the planned measures are needed to 'increase the confidence' of European allies in the face of the 'Russian threat,'" the ministry said.
"In fact, capitals in both Washington and in Europe are aware that the 'Russian threat' is nothing more than a myth."
The countries where military equipment could be stored include Bulgaria, Latvia, Lithuania, Poland, Romania, Estonia and possible Hungary. The plans could be decided upon when defense ministers from the 28 NATO member countries meet later in June.
A Russian defense official was also quoted on Monday as saying that any U.S. plan to station tanks and heavy weapons in NATO states on Russia's border would be an "aggressive step," news agency Interfax reported.
"If heavy U.S. military equipment, including tanks, artillery batteries and other equipment really does turn up in countries in eastern Europe and the Baltics, that will be the most aggressive step by the Pentagon and NATO since the Cold War," Russian defense ministry official General Yuri Yakubov said.
He was also quoted as saying Moscow would retaliate by building up its own forces "on the Western strategic front."
With the war of words between the U.S. and Russia threatening to descend into something nastier, Ian Bremmer, president of risk consultancy Eurasia Group, said the geo-political tension was very much focused on Ukraine.
"We have seen a ceasefire in Ukraine that has not held, we have seen an escalation in Russian war material in east Ukraine, we've seen casualties in the last few weeks and expanded Russian military exercises on the border as well as more Russian troops," he told CNBC Europe's "Squawk Box."
"From the western perspective it does seem laughable that Russia would talks about the greatest escalation by the Americans potentially putting tanks in the Baltics, which still hasn't been approved by NATO as a whole, when Russia is putting tanks in countries that don't want those tanks there. This is very much about Ukraine."
Moscow has also accused the U.S. of being responsible for the political uprising in Ukraine in 2014 that preceded the annexation of Crimea, in which the pro-Russian leader Viktor Yanukovych was ousted.
"It is convenient to use propaganda to cover up the responsibility of the U.S. for the anti-constitutional coup in Ukraine and in Kiev," said the Russian Foreign Ministry in its statement.
"The U.S. has assiduously nurtured an anti-Russian among its European allies in order to take advantage of the current difficult moment for the further expansion of its military presence."
—By CNBC's Holly Ellyatt, follow her on Twitter . Follow us on Twitter: @CNBCWorld