Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia edged up in Tuesday morning trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
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
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
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
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
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
Federal Reserve Vice Chairman Richard Clarida said the economy is in a good place but he and his fellow central bankers are willing to take action if conditions change.
"We will put in policies that need to be in place to keep the economy, which is in a very good place right now, and it's our job to keep it there," he told CNBC's Steve Liesman in a live interview from a Fed conference in Chicago.
Clarida spoke as financial markets anticipate at least two interest rate cuts before the end of the year. The Fed's most recent forecast is to leave rates unchanged, but recent pressures from the escalating trade war and turbulence in the bond market have goosed market expectations.
Though noncommittal about the future of rates, he said he will be watching current conditions, in particular the trade war and the inverted yield curve in the bond market, for clues about where the Fed should go next.
If conditions change, he said that would influence his decision-making.
In particular, he addressed the issue of an insurance rate cut, done as a preventive measure to get ahead of a slowdown.
"I'm not going to look into a crystal ball. I will look into the past," Clarida said. "That has been in the monetary policy toolkit in the past."
The remarks came at a conference in which the Fed is soliciting input on the tools it uses to carry out its dual mandate of full employment and price stability, as well as how it communicates its actions.