The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread 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
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
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread 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
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
President Donald Trump's strategy on Afghanistan is a "good first step," former Ambassador Nancy Soderberg told CNBC on Tuesday.
Soderberg, a former ambassador to the United Nations and deputy national security advisor to President Bill Clinton, said pushing Pakistan harder "is a good thing."
Trump did not detail how many more troops the U.S. would send or specifically what he felt it would take to finally achieve victory in the war.
However, he insisted the U.S. is "not nation building again" and called on India to help more with Afghanistan's economic development.
Soderberg told "Power Lunch " she believes it will take more than military action to win the war.
"Right now the Taliban are making a comeback so a strategy that focuses on denying them the ability to come back and gain more territory is crucial," she said.
That said, "killing terrorists in Afghanistan has been our policy for 16 years but it's not winning. And so what's the winning strategy here? We still haven't heard that."
She believes Trump also needs to listen to the diplomats and come up with a plan that will deal with both the threats and the cause of the terrorism, Soderberg said.
"We're not going to end up getting at an end to this war until we get at the root cause of the terrorism which is the abject poverty and corruption in the government. And that's a long-term effort."
Soderberg expects Trump's strategy to evolve as he gets more involved in the details.
— CNBC's Jacob Pramuk contributed to this report.