Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
J.P. Morgan economists said they now see a much slower economy in the second quarter, with growth of just 1%.Market Insiderread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses, writes Nomura.Marketsread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Rep. Chip Roy, R-Texas, has objected to a $19.1 billion disaster relief bill that was expected to pass unanimously Friday. The bill is likely to next be considered when...Politicsread more
If consummated, the deal would mark the latest in a flurry of activity in the payment technology space.Banksread more
The markets have been slow to recognize the high-stakes game that's playing out on the world stage.Economyread more
An altered video of House Speaker Nancy Pelosi made rounds on social media this week, which critics used to attack her mental state.Technologyread more
Stocks were headed for weekly losses on Friday as investors worry the U.S.-China trade war is hurting economic growth.US Marketsread more
One of the biggest Chinese chipmakers is delisting from the New York Stock Exchange amid the trade war, but the company said the decision is not related to the intensifying...Marketsread more
President Donald Trump, his businesses and members of his family on Friday appealed a federal judge's decision that Deutsche Bank and Capital One can turn over years of...Politicsread more
At some point the Federal Reserve will have to begin to shrink its $4.5 trillion balance sheet, but that moment does not appear imminent.
Janet Yellen, the central bank's chair, said Wednesday that the Fed will be taking a cautious approach to unwinding the massive collection of debt it owns, and probably won't be doing so as a tool of monetary policy.
"Our short-term interest rate target is our key active tool of policy," Yellen said during her quarterly post-Federal Open Market Committee meeting news conference. "We think it's much easier using that tool to communicate the stance of policy. We have much more experience with it and have a better idea of its impacts on the economy."
Market participants have been raising the question more often lately of when the Fed will begin running off some of its balance sheet. Under current policy, the Fed reinvests the proceeds from the Treasurys, mortgage-backed securities and other debt, which it rolls over as it matures.
At some point, though, the Fed will begin cutting the size of the balance sheet, a move that likely would push yields higher as supply increases.
Yellen said the Fed would be reluctant to use the balance sheet to try to stimulate or hold back the economy. It is on uncharted ground after running up the total through three rounds of quantitative easing from 2008-2014.
"What we'd want to have is confidence in the economy's trajectory, a sense that the economy will make progress, that we're not overly worried about downside risks with adverse shocks that could hurt the economy," Yellen said.