A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
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
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread 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
U.S. stock index futures pointed to a flat-to-higher open on Monday, as investors look to the U.S. political sphere for cues on how to trade.
Futures for the Dow Jones industrial average implied a gain of 28.5 points for the index at the open, while S&P 500 and Nasdaq futures indicated the indexes would rise 2.5 points and 2.94 points, respectively.
Last Friday, U.S. stocks closed off their session lows following news that one of President Donald Trump's top advisors Steve Bannon had departed from his role at the White House.
It has since been announced that Bannon is going back to work for right-wing media outlet Breitbart News, a move which Trump applauded on Twitter over the weekend.
Meanwhile, billionaire investor Carl Icahn has resigned in recent days from his position as special advisor on regulation to President Trump.
With the recent shakeup in the administration and political turmoil continuing to weigh on sentiment, investors remain on edge when it comes to the future of President Trump's economic agenda.
On the commodities front, oil prices came under slight pressure on Monday, as rising U.S. output weighed on sentiment. At 7:37 a.m. ET, U.S. crude hovered around $48.64 per barrel, while Brent stood at $52.70.