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
Nintendo is launching a paid online service for its popular Switch console in September.
The Japanese gaming company unveiled details of the new membership service Monday. It includes access to a library of 20 games from Nintendo's classic NES console, as well as cloud backup for game saves.
An annual subscription will cost users either $3.99 a month, $7.99 every three months or $19.99 for the year. That's cheaper than online services offered by Sony's Playstation and Microsoft's Xbox, which cost $59.99 annually.
The company also announced a family subscription model, which lets up to eight users sign onto one account. An annual family membership will cost $34.99.
Nintendo has mostly shied away from online gaming in the past, focusing its efforts on portable and family-orientated gaming experiences.
The company's latest console, the Switch, has proved to be a major success with gamers. Nintendo sold 15 million units of the Switch in the year ending in March.