Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."Technologyread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
The intelligence veteran will become the first woman to lead the spy agency, despite concerns about her role at the CIA when it employed the "enhanced interrogation" program that used some tactics broadly considered torture. After controversy surrounding Haspel's qualifications, enough Democrats supported her to secure her confirmation.
The chamber confirmed Haspel by a 54 to 45 vote. Six Democrats supported her, while two Republicans voted against her. Sen. John McCain, R-Ariz., who was tortured himself and urged his colleagues to oppose Haspel, was absent while fighting brain cancer.
Trump and top Republicans pressed Senate Democrats to support Haspel. Most did not, even though some of those senators voted to confirm current Secretary of State Mike Pompeo to be Trump's first CIA director last year.
Democratic Sens. Mark Warner of Virginia, Joe Manchin of West Virginia, Heidi Heitkamp of North Dakota, Joe Donnelly of Indiana, Bill Nelson of Florida and Jeanne Shaheen of New Hampshire voted to confirm Haspel. Four of those senators — Manchin, Heitkamp, Donnelly and Nelson — face re-election this year in states Trump won in 2016.
On the Republican side, McCain's Arizona colleague Sen. Jeff Flake and Sen. Rand Paul, R-Ky., voted against Haspel.
The confirmation push for Haspel got a boost Tuesday, when she wrote a letter to Warner, vice chairman of the Senate Intelligence Committee, saying the interrogation program "is not one the CIA should have undertaken." Shortly after the letter's release, Warner and two other Senate Democrats announced they would support Haspel.
During a confirmation hearing this month, Haspel tried to convince senators that she would not allow the use of the interrogation tactics employed after the Sept. 11, 2001, terror attacks that are broadly viewed as torture. Supporters of the enhanced interrogation program such as former Vice President Dick Cheney have disputed the "torture" label.
Haspel, who oversaw a secret CIA prison in Thailand, also faced criticism about her role in the CIA's destruction of videotapes showing interrogation sessions.
Repeatedly pressed during the hearing about whether she would allow tactics she considers immoral, Haspel at times did not directly answer senators' questions and noted that the CIA does not have a formal role in interrogations. As a candidate, Trump said he supports the use of waterboarding or worse tactics.
Haspel said she would not restore "under any circumstances" any interrogation program at the CIA, and supports the "higher moral standard" the U.S. holds now.