Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Atlanta Fed President Raphael Bostic said the the central bank may not have to go much further with interest rates to achieve a proper balance between slowing and overheating.
Addressing the key concept of where a "neutral" rate is for the economy, Bostic said the exact rate is hard to determine, but signs are indicating that it's close.
"I currently think we're within shouting distance of neutral, and I do think neutral is where we want to be," he said in remarks prepared for a speech at the University of Georgia. "I'm not seeing clear signs of overheating, nor am I seeing any indications of a material weakening in the macroeconomic data at the moment."
Markets widely expect the Fed to hike its benchmark interest rate later this month, but are not concurring with forecasts for three more increases in 2019.
Bostic did not map a specific rate schedule but said the Fed "ought to be taking a more neutral position — one that neither provides policy accommodation nor hinders growth."
On one hand, inflation "if anything [has] softened slightly over the past three months" while the 3.7 percent unemployment rate is pointing to the type of economy that has posed problems in past years.
"Dating back to 1960, every high-pressure period ended in a recession. And all but one recession was preceded by a high-pressure period," he said.
On the economy broadly, Bostic assessed that "there is a lot to like" about current conditions, though he acknowledged threats from trade tensions, a global slowdown and volatility in financial markets.