Mnuchin told CNBC that he's confident President Donald Trump and President Xi Jinping can make progress in stalled trade talks.World Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal.US Marketsread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.Politicsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Bitcoin surged as high as $12,919 in early morning trade Wednesday, to its highest level since January 2018.Technologyread more
AbbVie's deal to buy Allergan for about $63 billion is a "nice exit from a tough situation," RBC Capital Markets analyst Randall Stanicky says.Biotech and Pharmaceuticalsread more
Omada Health just raised $73 million at a valuation of around $600 million as it seeks to expand its digital health offerings.Technologyread more
Chevy is just rolling out an all-new version of its heavy-duty Silverado with the new High Country trim package that could become the first U.S. pickup to top $100,000, Chevy...Autosread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
U.S. Treasury yields fell on Thursday, as investors tried to shrug off the geopolitical tensions surrounding North Korea and the U.S.
The yield on the benchmark 10-year Treasury note sat lower at 2.201 percent at 3:48 p.m. ET, its lowest level since June 28. The yield on the 30-year Treasury bond was also lower at 2.778 percent. Bond yields move inversely to prices.
President Donald Trump on Thursday ramped up his rhetoric on North Korea again, saying his warning of bringing "fire and fury" on the isolated nation may not have been tough enough.
Earlier this week, President Donald Trump said that North Korea would face "fire and fury " if it continued to threaten the States, however North Korea has dismissed these warnings by the U.S. incumbent as a "load of nonsense ", according to Reuters.
North Korea also went on to detail plans of a missile strike near the U.S. island territory of Guam, with the state run media agency KCNA stating that the North's army would be able to finalize its plans by mid-August; Reuters added.
In the data space, the Producer Price Index (PPI) fell 0.1 percent versus expectations of a 0.1 percent increase, the biggest drop in nearly a year, according to Reuters.
Though the correlation between the PPI and the consumer price index has fallen, last month's drop in producer prices could caution the Federal Reserve, which is looking to gradually raise interest rates and curtail its balance sheet.
In other data news, the U.S. weekly jobless claims totaled 244,000 versus 240,000 estimated.
The Treasury Department auctioned $15 billion in 30-year bonds at a high yield of 2.818 percent.
The bid-to-cover ratio, an indicator of demand, was 2.32.
Indirect bidders, which include major central banks, were awarded 66.8 percent. Direct bidders, which includes domestic money managers, bought 5.4 percent.
The Treasury Budget is expected to keep investors on their toes, with it set to be released at 2 p.m. ET.