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
Evercore ISI Chairman Ed Hyman sees an "insurance" rate cut in July and more to follow as the inverted yield curve is making him "quite uncomfortable."
"I think they are going to ease in July and ease a couple of more times to try and get yield curve positive again and also put some insurance in the system for the trade issue," Hyman said Friday on CNBC's Squawk On the Street.
The top economist said the yield-curve inversion, a reliable recession indicator, is the number one risk weighing on the market. The yield on the 10-year Treasury yield remains lower than the rate on the three-month bill Friday.
"Every time in the past it has worked...That's a precursor to recession... It makes me quite uncomfortable… but it has to stay this way for another couple of months before it gives a real signal," Hyman said.
Hyman, who has been ranked the top economist in Institutional Investor's annual poll for more than three decades, believes the Federal Reserve should come to terms that a trade deal between the U.S. and China is not coming anytime soon.
"I think the Fed has to go on their supposition that the trade tensions could go on for quite a while. It's sort of a cat and mouse between the two," Hyman said.
He added another reason for an easing of the monetary policy is the persistently low inflation. He cited the consumer price index that barely rose in May.
Hyman's rate-cut forecast is in line with the market's expectation. Traders are pricing in a nearly 90% chance of at least one rate cut in July and about 90% probability of three more rate cuts this year, according to the CME FedWatch tool.
The Federal Open Market Committee begins its two-day policy meeting on Tuesday.