A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread 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
Ireland has become the main regulator enforcing rules on how big tech companies collect and process user data under Europe's privacy law called GDPR.Technologyread 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
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread 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
A preliminary look at consumer sentiment in September easily topped expectations on Friday.
The University of Michigan's Surveys of Consumers said sentiment hit 100.8 in September, up from 96.2 in August. The level marks the second highest of the year and the second strongest since 2004. Economists polled by Reuters expected the preliminary read on September consumer sentiment to reach 96.6.
The jump in consumer sentiment is "largely due to more favorable prospects for jobs and incomes," according to Richard Curtin, chief economist for the Surveys of Consumers. "Consumers anticipated continued growth in the economy that would produce more jobs and an even lower unemployment rate during the year ahead."
The data also showed the biggest concern for consumers was a potentially negative impact from tariffs.
"Concerns about the negative impact of tariffs on the domestic economy were spontaneously mentioned by nearly one-third of all consumers in the past three months, up from one-in-five in the prior four months," Curtin said.
The U.S. slapped tariffs on goods from some of its key trade partners, including China and the European Union. Both China and the EU have retaliated with tariffs of their own. However, sentiment around trade improved this week after multiple reports said the U.S. was trying to restart trade talks with China.