Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
The deal for Perfect Bar's parent gives Mondelez a further foothold in snacking, as more people eat on-the-go.Food & Beverageread more
Chesley "Sully" Sullenberger told a congressional panel that pilots should receive simulator training before flying the Boeing 737 Max.Airlinesread more
Thomas Peterffy, founder of the Interactive Brokers online trading platform, warned Thursday that investors should not go into the summer without trying to protect their stock positions.
"What frightens me the most is there is very little liquidity in the market," Peterffy, a billionaire, told CNBC's Rick Santelli. "I wouldn't go into the summer months with a long position. I would rather go flat."
With mounting uncertainty surrounding the U.S.-China trade dispute, a thinly traded summer market could be tough to navigate, Peterffy said on "Squawk on the Street." "[But] that does not mean you have to sell your long positions." He instead suggested there are many ways people can hedge their portfolios, including S&P futures and shorting SPDR exchange-traded funds.
The Dow Jones Industrial Average was under pressure again Thursday, dropping about 400 points or more than 1.5% in midday trading as more companies suspended business with Huawei to comply with the blacklisting of the China-based telecom giant by the administration of President Donald Trump.
Alphabet's Google said Sunday that it would cut ties with Huawei in order to comply with the order. But after the U.S. temporarily eased some of those restrictions, Google said Tuesday that it plans to work with Huawei over the next 90 days.
Peterffy, a Trump supporter, was not optimistic about quick resolutions of the trade and technology disputes between Washington and Beijing. "The trade issues do not seem to get better in the near term. They will probably get worse."
Negotiations between the U.S. and China appear to have stalled as both sides dig in after disagreements earlier this month. China said talks will not resume until the U.S. addresses its "wrong actions."
However, Treasury Secretary Steven Mnuchin told CNBC's Ylan Mui on Wednesday that a trip to Beijing has not been planned. Trump has said he plans to meet Chinese President Xi Jinping in late June at the G-20 summit in Japan.
The U.S. and China both raised tariffs on each others goods earlier this month, with Trump threatening to hit all Chinese imports to America with duties.