Fed minutes say "most participants" saw the cut "as part of a recalibration" in response to changing conditions.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
May 7 (Reuters) - ICE cotton futures extended losses on Tuesday as the United States and China appeared far from reaching a truce on their trade dispute.
* The most-active cotton contract on ICE Futures U.S. July
dipped 0.38 cent, or 0.52%, to 73.17 cents per lb
* It traded within a range of 73.34 to 74.72 cents a lb, as trade tensions between the United States and China escalated.
* U.S. President Donald Trump said on Sunday he would raise tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon.
* "Cotton is just on the defensive. The U.S. has to have access to the Chinese market or it cannot meet its export target," said Ed Jernigan, chief executive of Jernigan Global, a cotton textile supply chain manager, adding that if trade talks do not come through, China would look to Brazil to meet its needs.
* Despite Trump's threats, Beijing said its top negotiator, Vice Premier Liu He, would go to Washington for talks this week, as planned.
* "On a global level, this (trade talks) does not have that much supply-demand impact. This only disrupts trade flows, which puts some burden on the United States," Jernigan added.
* The United States is the world's biggest cotton exporter, while China is the top consumer.
* Meanwhile, India, the world's biggest cotton producer, could see cotton imports touching record levels this year.
* Total futures market volume fell by 18,788 to 29,118 lots. Data showed total open interest gained 1,808 to 221,696 contracts in the previous session.
* Certificated cotton stocks <CERT-COT-STX> deliverable as of May 6 totaled 77,055 480-lb bales, up from 69,543 in the previous session.
(Reporting by Karthika Suresh Namboothiri in Bengaluru; Editing by Steve Orlofsky)