President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread 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
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread 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
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.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
U.S. retail sales posted a healthy increase in June, another sign that consumer spending picked up in the spring.
The Commerce Department says sales at retailers and restaurants rose 0.6 percent from May after, after a 0.2 percent climb in May. Sales were up 2.7 percent from a year earlier. Excluding volatile spending on cars and auto parts, sales were up 0.7 percent.
Spending on building materials and gardening supplies surged 3.9 percent, the most since April 2010.
Consumers got off to a slow start this year, which is one reason the economy grew at a lackluster 1.1 percent annual pace from January through March. Economists expect spending to drive faster growth from April through June and the rest of the year.
Retail sales in June were expected to rise 0.1 percent, after increasing 0.5 percent a month earlier.
The U.S. government also reported the latest reading on the consumer price index, which showed a 0.3 percent increase.