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
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
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread 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
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
Resident "Fast Money" crypto expert Brian Kelly breaks down the major differences between bitcoin and Facebook's new cryptocurrency Libra.Fast Moneyread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
The vote makes Mexico the first of the three countries to win legislative approval for the trade agreement.Politicsread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
U.S. government debt prices edged higher on Friday.
Friday marks the deadline for a new trade deal to be secured by the U.S., Mexico and Canada. While an agreement has been struck between the States and Mexico to replace the current NAFTA pact, Canada has yet to secure its place.
In the latest, the U.S. and Canada worked deep into the night on Thursday to push for an alternative to NAFTA, however Canada's trade minister said they are still working to "get the right deal, not any deal" on the refurbished trade accord; Reuters reported. With the deadline fast approaching, investors will be keeping a close eye on the developments.
Trade turmoil continues to shake up investors worldwide however, suggesting that the U.S. administration was on standby to inflict additional levies on $200 billion worth of Chinese goods as soon as next week.
In an interview with Bloomberg, the U.S. leader went onto warn that he may remove the country from the World Trade Organization (WTO), if Equity markets around the world are on edge Friday, with Asia and European stocks posting solid declines.
Consumer sentiment in the United States beating economist expectations for a slight decline. The University of Michigan's month;y survey of consumers hit 96.2 in the final reading of August, better than the drop to 95.5 expected by economists polled by Reuters.