President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread 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
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread 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
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
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The U.S. stock market is under pressure once again, with more than half the falling into correction territory.
More than 275 components in the broad index were down at least 10 percent from their 52-week highs as of 11:04 a.m. ET. Of those companies, 84 were in bear-market territory, or down at least 20 percent from their one-year high.
General Electric is the stock farthest from its 52-week high, trading more than 55 percent below that level. Newell Brands, Baker Hughes and Mattel also traded more than 50 percent below their highs. Other stocks in correction territory include Google parent Alphabet, Pepsico and Harley-Davidson.
The U.S. stock market came under pressure Thursday as a combination of trouble in the technology sector and concerns about a potential trade war rattled investors. Facebook shares added to this week's losses on Thursday, falling more than 1 percent. Meanwhile, investors awaited a White House announcement on Chinese tariffs.
The S&P 500 itself, which fell briefly into correction territory last month before recovering, is down 6.9 percent from its record high set earlier this year.
The chart below shows the S&P 500 stocks in correction territory: