Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female engineer named Morgan Beller.Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
The dollar strengthened on Tuesday to a two-week high against a basket of currencies as investors looked ahead to crucial jobs data this week for clues on when the Federal Reserve will next raise interest rates.
Hawkish comments on Friday by Fed Chair Janet Yellen and Vice Chair Stanley Fischer have increased expectations the U.S. central bank could hike at its September policy meeting, though most investors and economists view a single increase at the December meeting as more likely.
The next key indicator is Friday's jobs report for August, which is expected to show that employers added 180,000 jobs in the month, according to the median estimate of 89 economists polled by Reuters.
"We had a bit more hawkish tone from Yellen at Jackson Hole and that was reinforced by Fischer," said Mark McCormick, North American head of FX strategy at TD Securities in Toronto.
"The market is refocusing itself on the upcoming data releases and I think that's helping a rethink of where the Federal Reserve's going to be in the second half of the year," he said.
Friday's jobs data will be preceded on Wednesday by the ADP National Employment Report of private-sector payrolls.
Fischer, who said that the data could weigh on any rates decision, gave no fresh clues in a television interview on Tuesday. He said the U.S. job market is nearly at full strength and the pace of Fed rate increases will depend on how well the economy is doing.
The dollar index, which measures the currency against a basket of six majors, rose 0.56 percent to 96.11.
The greenback gained 1.13 percent against the to 103.10, its highest level since July 29 when it traded as high as 105.33, according
The yen was also pegged back by comments from policymakers worried about its recent strength.
Japanese Chief Cabinet Secretary Yoshihide Suga told Reuters in an interview on Tuesday that the government will respond "appropriately" to unwelcome yen gains that hurt economic growth.
Koichi Hamada, an adviser to Prime Minister Shinzo Abe, said the Bank of Japan could consider buying foreign bonds as an option to weaken the yen, if government intervention in the currency market is deemed by the United States to be exchange rate manipulation.