The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
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
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread 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
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread 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
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
June 13 (Reuters) - All major Gulf stock markets dropped on Thursday after suspected attacks on tankers in the Gulf of Oman, with a missile strike by Yemen's Houthi rebels on a civilian airport in southern Saudi Arabia also weighing on risk sentiment.
Two tankers were hit in the suspected attacks and their crews were evacuated, shipping sources said. Four tankers in the region were struck in a similar incident a month ago.
On Wednesday, Houthi rebels carried out a missile attack on a civilian airport in southern Saudi which wounded 26 people. The Saudi-led military coalition in Yemen said it would respond forcefully.
Saudi's share index declined 0.8%, snapping five days of straight gains, with heavyweight petrochemical maker Saudi Basic Industries decreasing 2.3% and Al Rajhi Bank losing 0.8%.
The index has gained over 15% year-to-date, outperforming its major Gulf peers in a rally led by foreign investors.
A third tranche of the FTSE Russell emerging market index will kick in this month after Saudi stocks were included in two tranches in March and April.
The Abu Dhabi index dropped 0.7% with First Abu Dhabi Bank sliding 1.1% and Aldar Properties retreating 2.1%.
Qatar's index eased 0.6% as Industries Qatar dropped 1.6% and Qatar Fuel shed 1.1%.
In Dubai, the index decreased 1% with 22 of its stocks declining and one rising. Emaar Properties shed 1.1%, while Emirates NBD lost 0.9%.
($1 = 3.6728 UAE dirham) (Reporting by Ateeq Shariff in Bengaluru; editing by John Stonestreet)