The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
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SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
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Officials from the Federal Emergency Management Agency (FEMA) provided an update on Hurricane Florence on Friday, as the storm has made landfall in North Carolina.
The hurricane weakened to a Category 1 storm with maximum sustained wind of 90 mph as of 6 a.m. ET. Florence was expected to swamp almost all of North Carolina in several feet of water, Gov. Roy Cooper told reporters. The National Weather Service said as much as 7 inches of rain had fallen overnight in some coastal areas.
Nearly half a million homes and businesses lost power, and dozens of people had to be rescued from a hotel.
Forecasters also said storm's extreme size meant it could batter the East Coast with hurricane-force wind for nearly a full day.