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
Several of the market’s favorite semiconductor names are tanking on Monday as investors grow concerned over President Donald Trump’s plan to restrict foreign investments in U.S. technology companies.
On Sunday the Wall Street Journal said the Treasury Department is drawing up rules to block companies with at least 25 percent Chinese ownership from buying companies involved in "industrially significant technology."
Treasury Secretary Steven Mnuchin said on social media Monday the administration’s statement will apply to “all countries that are trying to steal our technology” rather than just China, referring to the earlier Wall Street Journal report.
The iShares PHLX Semiconductor ETF closed down 2.9 percent. Top chip stocks such as AMD, Micron and Nvidia all ended more than 4 percent lower. All three stocks were up more than 25 percent so far this year through Friday.
Intel shares also declined nearly 4 percent after Nomura Instinet downgraded the chipmaker’s shares due to “lack of leadership” after its CEO resigned.