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 stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.]
President Donald Trump will outline his plans to lower drug prices on Thursday.
In his remarks at the Department of Health and Human Services, he is expected to detail efforts to cut Medicare drug prices to bring them closer in line with costs around the world, according to Politico. It would involve negotiating policies for some drugs administered directly by doctors, the outlet reported.
As a candidate, Trump proposed sweeping changes to lower drug prices. It included a plan to allow Medicare to negotiate drug prices directly with pharmaceutical companies, which Democrats cheered. However, Trump has not followed through on that pledge in office.
The timing of the president's drug price announcement Thursday raised questions. It comes only 12 days before November's midterm elections, when Republicans aim to defend a House majority amid an onslaught of Democratic attacks over health care. Democrats have focused in particular on affordability and GOP efforts to repeal the Affordable Care Act.