Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
The euro zone economy has performed worse than expected in recent months and global uncertainty is weighing on economic sentiment, European Central Bank President Mario Draghi said on Monday, repeating the bank's recent warnings about growth.
The ECB left policy on hold last week but warned that the bloc's growth dip may be bigger and longer than earlier feared, pointing to even more protracted policy normalisation and suggesting that the bank's next step could be to provide more support, not less.
"Over the past few months, incoming information has continued to be weaker than expected on account of softer external demand and some country and sector-specific factors," Draghi told the European Parliament's committee on economic affairs in Brussels.
"The persistence of uncertainties in particular relating to geopolitical factors and the threat of protectionism is weighing on economic sentiment," Draghi added.
The ECB has long guided for steady interest rates 'through' the summer but markets have already scaled back their expectations, pricing in a move only in mid-2020, well after Draghi leaves office in October.
The problem is that the euro zone's three biggest economies -- Germany, France and Italy -- are barely growing. Even if this is down mostly to one off factors, the resulting drop in business confidence threatens to make the downturn self fulfilling.
"Significant monetary policy stimulus remains essential to support the further build-up of domestic price pressures and headline inflation developments over the medium term," Draghi added. "The Governing Council stands ready to adjust all of its instruments, as appropriate"
To prop up confidence, it could offer banks another round of cheap, long-term loans to make sure they continue to lend to the real economy.
The next move could be to formally push out the date of its first rate hike, a more tricky move as it could tie the hand of the new president, who is likely to named only after European elections in late May.