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
The world's largest brewer is promoting a different liquid on the nation's biggest stage: water.
Anheuser-Busch will run two ads during the Feb. 4 Super Bowl featuring its water initiatives. One commercial features Budweiser in a brewery that's been converted to can water and provide relief for people affected by natural disasters. Another includes actor Matt Damon encouraging people to buy a Stella Artois-branded chalice to help people around the world access clean drinking water.
The company will take a classic approach for its Bud Light and Michelob Ultra ads.
A-B's decision to promote its "Better World" initiative on the biggest advertising night of the year comes as consumers scorn big brewers and opt for craft beer, often made locally. More people are also demanding companies take stances on social and environmental issues.
"If we think about our consumer, they really appreciate being local and close to their communities, but they don't expect it only from the small entrepreneur closer to them," A-B CEO Michel Doukeris said. "Really, the expectation of what big companies and big brands can do, we think is because of our scale we have time to engage in an initiative like that, and we can really touch a lot of people and make an impact."
In conjunction with the ads, A-B is announcing that it's equipping its brewery in Fort Collins, Colorado, to can water. Its Cartersville, Georgia, facility was previously the only one that could switch production. It received an abundance of media attention when it canned water that its distributors brought to help residents in the Gulf Coast during Hurricane Harvey.
A-B provided 3 million cans of water to relief efforts in 2017, a year marked by numerous disasters. Adding a facility on the West Coast will help water reach communities in places like California quicker, Doukeris said.
Critics will likely view A-B's ads as a way to try to soften parent company AB InBev's image as a large conglomerate buying up independent craft brewers. Doukeris insists it's about more than optics, noting that A-B has produced 79 million cans of water since starting the program in 1988.
"We're truly sincere and are not only trying to manage perception," he said. "We're really trying to make an impact."