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
European stocks ended sharply lower on Thursday, as bank and commodity stocks sold off and investors remained jittery over the global economy's health.
The pan-European STOXX 600 tumbled, closing 3.7 percent down provisionally.
Italy's FTSE MIB was off 5.6 percent, dragged down by its banks.
Banks tumbled on Thursday as concerns mounted over their potential performance in a low-growth and low-interest rate environment.
Many of the Italian lenders including Banco Popolare and Banca Monte dei Paschi di Siena finished deep in the red over renewed concern over the health of the country's banking sector. The Italian government approved a package of measures on Wednesday to help banks offload their portfolio of non-performing loans. This however did little to help stocks in the sector. UBI Banca fell over 12 percent.
In her semi-annual congressional testimony on Wednesday and Thursday, Janet Yellen said the Federal Reserve had not ruled out instituting negative interest rates and said there was a "chance" of a downturn ahead.
In commodity markets, oil prices fell deep into the red again on concerns over the same concerns weak demand and excessive supply. Brent crude last stood over 2 percent down at $30.13, while U.S. crude slipped some 4 percent, trading at $26.32.
On the earnings front, Total saw a 26 percent year-on-year slump in fourth quarter adjusted net income amid low oil prices and said it would reduce its capex by more than 15 percent this year. Shares slipped over 3 percent.
And Pernod Ricard, the world's second-biggest spirits group, fell over 6.5 percent, after reporting a 3 percent rise in first-half profit but warned it still faced headwinds in China.
Zurich Insurance closed 2.7 percent down after reporting a $424 million net loss in the fourth quarter, a bigger loss than analysts had expected.
However, Swedish drugmaker Meda saw shares skyrocket over 67 percent, after rival Mylan said it would acquire the firm in a $7.2 billion cash-and-stock deal.
Miners were once again be in focus amid low metal prices. Rio Tinto suffered a net loss of $866 million in 2015 and said it was scrapping its "progressive dividend policy". Shares were off 3.4 percent.
The gold price however has got support in recent days, last trading over 4 percent up, as investors flock to the precious metal as a safe haven.
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