Fed minutes say "most participants" saw the cut "as part of a recalibration" in response to changing conditions.The Fedread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
Iraq urged BP to help develop oilfields in the disputed city of Kirkuk on Wednesday, after central government forces loyal to Baghdad swept through the Kurdish-held territory at the start of the week.
Iraqi forces began a takeover of almost the entire disputed Kirkuk province Monday, with Kurdish forces retreating to nearby oilfields.
The military maneuvers in northern Iraq come after the country's semi-autonomous Kurdistan region voted overwhelmingly in favor of independence in a referendum last month. The vote was subsequently declared illegitimate by Iraq's central government.
Baghdad is reportedly seeking to double Kirkuk's oil output to more than 1 million barrels per day (bpd) and has requested the support of Britain's oil major to help achieve this aim.
Iraqi Oil Minister Jabar al-Luaibi asked BP "to quickly make plans to develop the Kirkuk oilfields," as reported in an oil ministry statement Wednesday.
Speaking Wednesday at the Oil and Money conference in London, BP CEO Bob Duley said: "We know Kirkuk well... and we were doing technical work there up until 2015. But I haven't read these comments or heard from him (Jabar al-Luaibi)."
Herman Wang, OPEC specialist at S&P Global Platts, told CNBC Wednesday that he was unclear regarding the leadership in Kirkuk after peshmerga fighters had left the disputed province.
"There seemed to be some sort of coordinated plan, now who was in charge of this coordinated plan is not that clear to me at this point," he said.
Iraq is OPEC's second-largest oil producer. Kurdish-controlled areas of Iraq are among the most productive in the country and contain much of its energy infrastructure. BP has estimated that Kirkuk has approximately 9 billion barrels of recoverable oil remaining.
Geopolitical tensions in Iraq were supportive to oil prices Wednesday morning. Brent crude rose 0.7 percent to $58.29 a barrel while U.S. oil futures hovered near the $52 level in mid-morning trade.