Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
Deutsche Bank plans to dramatically reduce the size of its U.S. equities business, leaving only a skeleton operation in place to service corporate and high-net-worth clients,...Banksread more
"All he has to do is say, 'You know what, I think that everything is on the table,'" Cramer said on "Squawk on the Street. "
If Powell were to say, "I'm paying attention to all the data," then we would rally, added Cramer as Wall Street opened lower, and shortly after took a sharp 1.5 percent leg down.
The Fed didn't immediately respond to CNBC's request for comment.
Powell's remarks last week sent bond yields soaring to seven-year highs and put pressure on the stock market because higher rates make equities less valuable.
The Fed chief characterized monetary policy as a "long way" from neutral, signaling a possibly more aggressive path for rate hikes. The central bank has already raised rates three times this year, with one more expected in December.
In recent days, Cramer has been critical of Powell, saying Monday that the Fed's shift from being data-dependent to being blinded by the desire to normalize rates could spell trouble for stocks.
President Donald Trump said Tuesday that he does not like the Fed's decision to continue to hike rates. He also said the U.S. economy does not have an inflation problem.
During a CNBC interview Wednesday, Kevin Hassett, chairman of the Council of Economic Advisers, said he would let the president's comments expressing displeasure with the Fed hiking interest rates stand on their own.