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
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
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
The pan-European Stoxx 600 was provisionally down 1.49 percent by the end of trade, slipping to its lowest level in almost two years. Germany's DAX index led the losses among the major bourses, falling more than 2 percent. The export-heavy DAX is seen as particularly exposed to any slowdown in global demand.
Europe's technology stocks were among the worst performers, falling by over 3.6 percent amid earnings news. Shares of Austrian chipmaker AMS tumbled almost 27 percent after the company's outlook for the final three months of the year failed to convince investors.
Finland's Wartsila posted weaker-than-expected quarterly profit on Tuesday, citing subdued demand for its service business. Shares of the ship technology and power-plant maker fell almost 8 percent on the news.
Meanwhile, Britain's Travis Perkins surged towards the top of the European benchmark after it said its full-year performance was in-line with expectations. The U.K.'s largest supplier of building materials said solid demand from trade buyers offset pressure in other areas of its business. Shares of the London-listed stock rose around 3.5 percent.
Elsewhere, the European Commission told lawmakers in Italy that it must make revisions to its draft budget proposal. This sent bond yields higher and further weighed on sentiment towards stocks listed on the FTSE MIB. Italy's Deputy Prime Minister Luigi Di Maio claimed that the EU ruling was no surprise, but his country could not continue with past policies that enforced low fiscal spending.
Market focus also paid attention to the killing of journalist Jamal Khashoggi at a consulate in Turkey earlier this month. President Donald Trump said Monday that he was not satisfied with what he had heard from Saudi Arabia, amid intensifying international pressure to explain exactly what happened to Khashoggi.
In the United States, the Dow Jones Industrial Average had dropped 500 points by the time of Europe's close. Caterpillar and 3M were the biggest decliners. The S&P 500 plunged 2.2 percent as the industrials and tech sectors underperformed. The Nasdaq Composite plummeted 2.7 percent, entering correction territory.