President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread 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
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread 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
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
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Saying it "simply cannot stand by silently," denim company Levi Strauss is calling for stricter gun laws and backing its position with $1 million in grant money for activists working to curb gun violence.
The retailer is setting aside $1 million in donations to groups working to end gun violence in the U.S. It's also partnering with Everytown for Gun Safety and business leaders including Michael Bloomberg to form a group of leaders that will push for change. It will also give Levi Strauss employees five hours of paid volunteer time every month to work on the issue.
"As business leaders with power in the public and political arenas, we simply cannot stand by silently when it comes to the issues that threaten the very fabric of the communities where we live and work," CEO Chip Bergh wrote in an op-ed posted on Fortune on Tuesday. "While taking a stand can be unpopular with some, doing nothing is no longer an option."
The issue has been a politically dicey one for U.S. companies as the country remains largely divided on the issue.
Dick's Sporting Goods, Walmart and Kroger were met with public backlash, and praise, after they stopped selling assault-style rifles or raised the age for firearms purchases following February's deadly school shooting in Parkland, Florida.
"We can't insulate ourselves from every threat," Bergh went on. "We can't 'harden; every place we gather — whether it be our schools, workplaces, shops, churches, or entertainment venues. But we can take common-sense, measurable steps like criminal background checks on all gun sales — that will save lives."
It's not the first time Bergh has chimed in on this issue. The former Army officer wrote an open letter to customers in 2016 asking them to refrain from bringing firearms into Levi's stores.
"In the days after I published that letter, I received threats to our stores, our business, and even on my life. It was unsettling," he said. "But these personal attacks pale in comparison to the threats that activists and survivors from Parkland, Sandy Hook, and daily incidents of gun violence face every time they speak up on this issue."