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
"It may have held up his being willing to cut rates. It may have been counterproductive. So I don't think he did it because of the pressure," Gerald O'Driscoll, former vice president of the Federal Reserve Bank of Dallas, said on "Closing Bell."
Recent statements from the Fed have strongly hinted that a rate cut is coming at the end of the month, and investors read Powell's congressional testimony this week as confirmation. The Dow Jones Industrial Average achieved a record close Thursday following Powell's appearance on Capitol Hill.
Trump has repeatedly criticized the Fed's policy choices, both in interviews and on Twitter, calling for lower interest rates. The Fed has held rates steady so far this year after several hikes in 2018.
Powell reiterated during his congressional testimony this week that he intends to serve his full term and said he would not resign if Trump asked.
Trump has also spoken with Powell on the phone several times this year. The topic of conversations in those calls has not been made public.
Randy Kroszner, a former governor of the Federal Reserve, said on the same "Closing Bell" segment that serving as part of the Federal Reserve often comes with a lot of public pressure, even under different presidents.
"I was there during the financial crisis, from 2006 to 2009. That was a pretty tough time to be there too," Krozner said. "The Fed is sort of always in the crosshairs. The criticism has been much more explicit, but during the financial crisis there was a lot of pretty explicit criticism of the Fed, so it's always tough to be there."
The Federal Reserve Board declined to comment on O'Driscoll's statements.