Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Treasury yields traded slightly lower on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting.
The Fed is largely expected to keep rates unchanged, but investors will look for clues about where the central bank thinks the economy is headed.
The central bank's meeting comes after its preferred measure of inflation, the core personal consumption expenditures index, remained unchanged for March. Labor conditions, however, remain, tight in the U.S.
"Many at the Fed seem to be perplexed (and a bit concerned) by the perceived disappearance of the trade-off between unemployment and inflation," wrote William Delwiche, investment strategist at Baird. "The recent drop in core inflation rates (as measured by both the CPI and PCE) seems to confirm those concerns and fits a narrative that inflation pressures are easing."
Expectations for a rate cut at this meeting are just at 4%, according to the CME Group's FedWatch tool. But the market has fully priced in lower overnight rates by October, FedWatch shows.
But Anwiti Bahuguna, head of multi-asset strategy at Columbia Threadneedle Investments, said the Fed could actually raise rates toward the end of the year as the data remains strong.
"I don't know how they will communicate that because they have done quite a pivot," she said. "Communication for them is getting tricky because expectations are so different among market participants."
Yields also fell after the release of mixed economic data. The Chicago Purchasing Manager Index (PMI) fell to 52.6 from 58.7 in March. Meanwhile, home prices grew at a slower rate in February on a year-over-year basis, according to the S&P CoreLogic Case-Shiller home price index.
Pending home sales rose 3.8% in March, however, thanks in part to a sharp drop in mortgage rates.