The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
(Adds Trump comments, background)
WASHINGTON, June 11 (Reuters) - U.S. President Donald Trump accused Europe of devaluing the euro zone's single currency in a series of tweets on Tuesday that also targeted U.S. monetary policy with renewed attacks on the U.S. central bank.
"The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage," Trump tweeted without offering any evidence.
He also slammed U.S. interest rates for being too high and criticized the U.S. Federal Reserve.
"The Fed Interest rate way to(o) high, added to ridiculous quantitative tightening! They dont have a clue!" wrote Trump, who has long broken with decades of precedent set by previous U.S. presidents who distanced themselves from the nation's monetary policy.
The central bank, whose political independence is seen as key to economic stability, is under pressure amid the Trump administration's ongoing trade wars and other signs of potential economic weakness.
The Federal Reserve's Federal Open Market Committee, charged with setting key U.S. interest rates, could decide to cut rates in coming months given recent weak job and inflation data.
Trump on Tuesday again waded into the issue.
"The United States has VERY LOW INFLATION, a beautiful thing!" he tweeted, followed earlier attacks on the Fed on Monday. (Reporting by Susan Heavey Editing by Chizu Nomiyama Editing by Chizu Nomiyama)