Even with better economic data, the market is betting the Fed will cut rates by 50 basis points in July, after dovish comments from two Fed officials.Market Insiderread more
Iran on Friday denied President Donald Trump's assertion that the U.S. Navy has destroyed one of its drones, saying all of its unmanned planes were safe.Politicsread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Market researcher James Bianco believes it's crucial to get a half point cut at the next Federal Reserve meeting.Trading Nationread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
President Donald Trump said Friday he will rely on Senate leaders to determine whether or not to have the FBI investigate allegations of sexual misconduct against Supreme Court nominee Brett Kavanaugh.
"I will be totally reliant on what [Senate Judiciary Chairman Chuck] Grassley and the group decides to do," Trump told reporters in the Oval Office. "They have to do what they think is right. They have to be comfortable with themselves."
Trump's made his remarks alongside Chilean President Sebastian Pinera, who was meeting with the U.S. president to discuss a range of issues, including security and efforts to secure democracy in Venezuela.
The comments to reporters came shortly after Sen. Jeff Flake, R-Ariz., called for the bureau to spend up to one week looking into Christine Blasey Ford's allegation that Kavanaugh sexually assaulted her in the early 1980s.
Ford testifed before the Senate committee that an intoxicated Kavanaugh, with participation from his friend Mark Judge, held her down, covered her mouth and tried to undress her when they were teenagers. Kavanaugh vehemently denied the allegation, and defiantly told the committee "I've never sexually assaulted anyone."
A week-long FBI probe into Ford's allegation would likely push back a full Senate vote to confirm Kavanaugh, which was expected to take place next week.
Despite Flake's request, which could further shake up a nomination process that had already been rescheduled numerous times, the 21-member committee voted to advance Kavanaugh's nomination to the full Senate floor.
Flake's vote is critical for Republicans, who hold a razor-thin 51-vote majority in the Senate. A number of moderate GOP senators, including Alaska's Lisa Murkowski and Susan Collins of Maine, have yet to announce whether they will support Kavanaugh.
Trump also commented for the first time on Ford's testimony before the Senate Judiciary Committee a day earlier.
"I thought her testimony was very compelling and she looks like a very fine woman," Trump said of Ford. "Certainly she was a very credible witness, very good in many respects."
This is breaking news. Please check back for updates.