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
Check out which companies are making headlines before the bell:
Nvidia —Analysts at Bank of America/Merrill Lynch raised the chipmaker's price target to $210 from $185 a share. Merrill noted it expects Nvidia's cloud capital expenses to grow by 31 percent in the second half on a year-over-year basis and "growing influence in the multi trillion$ health-care industry where AI/deep learning is being used for predictive analytics, image scanning and pathology assessments."
Orbital ATK — Defense giant Northrop Grumman is buying Orbital for $9.2 billion in cash and debt. Orbital shareholders will receive all-cash consideration of $134.50 a share, a 22 percent premium to its Friday close of $110.04. Orbital's stock soared nearly 20 percent in the premarket to $131.50.
Equifax — Shares of Equifax slipped nearly 2 percent before the bell, building on already steep losses after it reported a massive data breach on Sept. 7. Monday's move lower comes after the Financial Times reported that short-seller Carson Block was suing the company. In the suit, Block described Equifax's handling of the data breach as "abysmal."
Caterpillar — The Dow Jones industrial average component was upgraded to "buy" from "neutral" by analysts at UBS; it also raised its price target to $140 a share from $116. In a note to clients, UBS analysts said Caterpillar has "more room to run" as it sees "new evidence that a continuation of the earnings upcycle is ahead." UBS also expects Caterpillar to generate nearly $10 billion of cash flow after capital expenses and dividends between 2018 and 2020. Shares of Caterpillar rose 1.6 percent in the premarket.
Brooks Automation — Analysts at Needham lowered their rating on the stock to "hold" from "buy," saying growth in its key semiconductors business is "limited by slow sub-segment, resulting in largely inline performance." Brooks' shares declined 1.6 percent in the premarket.
Roku — Streaming entertainment company Roku expects to price 15.7 million shares of Class A common stock between $12 and $14 a share in its initial public offering, according to a Securities and Exchange Commission filing.