Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
"If you do that, I think you will see a nice boom in the economy," said Moore, who last month under pressure withdrew his name from consideration by President Donald Trump for a nomination to the Federal Reserve Board.
"The Fed has to cut rates because prices have been falling and once those prices stabilize you just stop cutting rates," Moore added in a "Squawk Box " interview.
However, as Moore was talking about the Fed needing to reduce rates to increase inflation, Trump tweeted Tuesday morning that "VERY LOW INFLATION" is a "beautiful thing."
In a response to the president's tweet, Moore initially laughed, saying that "he's not supposed to put that up." Then Moore said, "I agree with him. You've got a perfect picture right now: You've got very low inflation, low interest rates, the tax cut." He added, "What's not to like about this picture?"
Trump has repeatedly criticized the Fed for hiking interest rates.
Central bankers increased the cost of borrowing money four times last year. Talk in the markets earlier this year about the Fed holding rates steady for a while has turned to calls for a cut or even multiple cuts.
The president also tweeted Tuesday morning: "The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage." He added the Fed doesn't have "a clue."