Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
President Donald Trump on Tuesday said that he and Chinese President Xi Jinping "will be having an extended meeting next week at the G-20 in Japan."Politicsread more
The yield on the benchmark 10-year Treasury note fell to its lowest level since September 2017 as the Fed began its two-day policy meeting.Bondsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Private equity billionaire David Rubenstein says he's spoken with U.S. and Chinese officials. "My view is both sides want a deal."Economyread more
The yoga-pants retailer is now selling such personal-care products as face moisturizer, dry shampoo, deodorant and lip balm.Retailread more
Hershey CEO Michele Buck said that the 125-year-old company is monitoring the trend but doesn't have any plans to add CBD to its food just yet.Food & Beverageread more
Netflix clarified the premise of its "Prank Encounters" show starring "Stranger Things" actor Gaten Matarazzo after massive internet backlash. The company said all...Entertainmentread more
Markets immediately ruled out a September rate hike after August's disappointing jobs report, but there's still a chance the Fed could decide it needs to raise rates soon.
Goldman Sachs chief economist Jan Hatzius is one of the few in the camp that September is more likley. He said Friday a September hike is a close call but it's more likely than a December one, based on the recent Fed comments. He said the probability is 55 percent for September and 80 percent that the Fed hikes this year.
Hatzius, appearing on CNBC, said Fed officials made clear in the comments at Jackson Hole, Wyoming and elsewhere, that they were looking for confirmation that the labor market is making progress. He said: "151,000 is clearly about their estimate of what it takes to improve the labor market over time."
The economy added 151,000 jobs in August and the unemployment rate stayed unchanged at 4.9 percent. Economists had expected 180,000 jobs and an unemployment rate of 4.8 percent. Wage growth slowed to a disappointing gain of just 0.1 percent while some economists had expected 0.3 percent.
"There's still a 1-in-3 chance that the Fed moves. We know there's manufacturing weakness. We expected volatility in this report. August is a fluky month," said Tony Roth, CIO of Wilmington Trust. "The wage growth is cloudy. We're getting mixed signals."