Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
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Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
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Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
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Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
Florida businessman Barry Honig agreed to a proposed judgment with the SEC in a case it called "classic pump-and-dump schemes," according to Monday filings.Crimeread more
U.S. government debt yields rose Monday as U.S.-China relations remained chilled after Washington cracked down on Chinese telecommunications giant Huawei and investors awaited minutes from the Federal Reserve's latest meeting.
At around 3:19 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.414%, while the yield on the 30-year Treasury bond was also higher at around 2.834%.
Market participants are likely to closely monitor a flurry of speeches from policymakers at the U.S. central bank. Fed Chair Jerome Powell, Philadelphia Fed President Patrick Harker and Vice Chair Richard Clarida are all set to comment on the world's largest economy at separate events on Monday.
The Fed earlier this month said that it would keep interest rates unchanged, though Powell added that officials saw a decline in inflation in the first quarter as simply "transcient"
"We think our policy stance is appropriate at the moment and we don't see a strong case for moving in either direction," Powell said on May 1. "We say in our statement of longer-run goals and monetary policy strategy that the Committee would be concerned if inflation were running persistently above or below 2%."
"And in this case, as we look at these readings in the first quarter for core, we do see good reasons to think that some were or all of the unexpected decrease may wind up being transient," he added.