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
Houston has imposed an overnight curfew beginning at midnight Tuesday for an indefinite period amid incidents of looting, armed robberies and people impersonating police officers, city officials said.
The curfew will run from midnight until 5 p.m. It originally was due to begin at 10 p.m. but the city pushed the start back two hours to allow volunteers to continue working, Mayor Sylvester Turner said in a statement. The city is also bringing additional police from other regions.
"You cannot drive, nor be in any public place. We have had problems with armed robberies, with people with guns and firearms," said Houston Police Chief Art Acevedo.
Turner earlier said the city was opening several additional emergency shelters to alleviate crowding at the convention center, which has 10,000 people. Some of those will be moved to a nearby concert hall and basketball arena.
One shelter will open on the city's west side, near where more than 3,000 homes have been flooded. Another center in Humble, Texas, will house people from the city's northern suburbs, the mayor added.