"That's my view. They'll cut preemptively in June. That is to say Wednesday," says the Grant's Interest Rate Observer newsletter editor.Economyread more
It's about time to write off high-growth tech stocks, Goldman Sachs warned, saying the double whammy of sky-high valuation and elevated regulation is becoming a "hazard" to...Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Sotheby's announced Monday that it's signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing said the airline industry will need 44,040 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Google CEO Sundar Pichai said in a CNN interview that while the company will work to remove as much harmful content as possible, the company can't remove 100% of it.Technologyread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
The pizza chain's robo delivery program could add to store owners' options during peak times.Restaurantsread more
Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a tweet that says it pays...Technologyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
U.S. government debt yields rose on Tuesday after federal lawmakers reached a deal to fund the government and avoid a repeat shutdown.
At around 10:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.679 percent, while the yield on the 30-year Treasury bond was also higher at 3.019 percent.
Market sentiment got a boost on news U.S. lawmakers had secured a tentative deal on border security funding on Monday. The drafted agreement — which congressional aides said did not contain funds for a border wall — could help avert another partial government shutdown due to begin from Saturday.
A congressional source told CNBC it would put about $1.4 billion toward physical barriers, but not a wall, a provision President Donald Trump has insisted upon in prior deliberations. The deal would include about 55 new miles of bollard fencing and reduce the cap for Immigration and Customs Enforcement detention beds by about 17 percent.
Any agreement will need to be approved by Trump.