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
Central American migrants in a "caravan" have started showing up at the U.S. border — and President Donald Trump is not happy to hear the news.
"It is a disgrace. We are the only Country in the World so naive! WALL," Trump said on Twitter.
Seven minutes later, Trump followed up on his tweet and called on Mexico to stop the caravans from reaching the United States. He also hinted that immigration control could be looped into the ongoing NAFTA trade negotiations.
About 50 people from Central America seeking asylum arrived last week in Tijuana, Mexico, Juventud 2000, an organization dedicated to assisting migrants, told Reuters.
Trump used the latest development to make another case for building a wall along the nation's southern border.
"Mexico, whose laws on immigration are very tough, must stop people from going through Mexico and into the U.S. We may make this a condition of the new NAFTA Agreement. Our Country cannot accept what is happening! Also, we must get Wall funding fast.
Earlier this month, Trump learned of an annual caravan of migrants that makes its way from Central American countries across Mexico to the U.S. border.
Taking to Twitter, Trump bashed U.S. immigration laws and the lack of a border wall for what he said was an increased number of migrants seeking a better life in the United States.
"Border Patrol Agents are not allowed to properly do their job at the Border because of ridiculous liberal (Democrat) laws like Catch & Release," Trump said at the time. "Getting more dangerous."
A day later, Trump harped on U.S. border laws again and noted that Mexico had the power to stop the caravans of migrants "because their border laws work."
"Mexico has the absolute power not to let these large "Caravans" of people enter their country. They must stop them at their Northern Border, which they can do because their border laws work, not allow them to pass through into our country, which has no effective border laws....."
Meanwhile, Trump continues to push for his 2016 campaign pledge of building a wall.
The wall project, which Trump said would be financed by Mexico, is estimated to cost approximately $25 billion.
As of yet, Trump has authorized $1.6 billion for fencing, surveillance technology and other measures for the wall. In addition, Trump has also asked for the deployment of National Guard troops at the border. Mexico has rejected his demand to pay for the wall.