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
The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread 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
Corporate buyback trades are ripe for being picked off by high speed firms, effectively siphoning millions of dollars from the companies.Marketsread more
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
On Sept. 18, Capital One and Walmart announced the launch of the Capital One Walmart Rewards Credit Card Program, which offers two new cobranded credit cards. Here's a break...Moneyread more
FedEx is gearing up to report earnings after the bell Tuesday. Here's what to expect.Trading Nationread more
DoubleLine CEO Jeffrey Gundlach believes the bottom for interest rates is in for 2019.Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
In an apparent setback for Prime Minister Benjamin Netanyahu, exit polls show the Israeli leader has fallen short of securing a parliamentary majority with his hard-line...World Newsread more
U.S. stock futures were mostly higher on Wednesday morning, after the Dow Jones Industrial Average gained about a quarter percent, and the S&P 500 and Nasdaq basically closed unchanged Tuesday. Little movement in the S&P 500 over the past two sessions "really does obscure a lot of drama under the surface," according to CNBC's Mike Santoli. He pointed out that more than 100 S&P 500 stocks were up at least 2%, while about 80 were down at least 2%, in a rotation from over-owned growth momentum stocks into neglected value names. CNBC's Bob Pisani looks at the sectors investors are buying. Heading into Wednesday trading on Wall Street, the Dow was riding a five-session, 3% winning streak, putting blue chips less than 2% away from their July all-time highs.
Bond yields kept moving higher, as investors sold government debt in the past few sessions ahead of a flurry of central bank meetings over the coming days. The European Central Bank is scheduled to meet Thursday, with policymakers likely to announce an easing package that could include an interest rate cut. The Federal Reserve is set to meet next Tuesday and Wednesday. U.S. central bankers are widely expected to reduce rates by a quarter point for the second time this year. President Donald Trump has been pressuring the Fed to cut rates as the U.S.-China trade war threatens to slow global economic growth further.
President Donald Trump was at it again Wednesday morning, tweeting that the central bank should cut rates to zero or even set negative interest rates. Trump called Fed officials "boneheads" for not lowering rates as much as other countries around the world, many of which have negative rates. The president also said the nation should refinance its debt load. While it's unclear how such an idea would work, the Treasury likely would have to be involved. There have been calls recently to issue longer-term debt, such as a 50-year or even a 100-year government bond.
China's Ministry of Finance on Wednesday announced plans to exempt 16 types of U.S. products from additional tariffs, including food for livestock, cancer drugs and lubricants. The exemption, which is scheduled to go into effect Sept. 17, will be valid for a year. The announcement comes as high-level trade officials from China and the U.S. prepare to meet in Washington next month, in hopes that a new round of negotiations can lead to the end of the two nations' yearlong trade war. Each side has imposed billions of dollars of import tariffs. The American Chamber of Commerce in Shanghai said its latest member survey shows many U.S. businesses in China are getting hurt by the levies.
The nation remembers Sept. 11, 2001, on Wednesday, 18 years after terrorists hijacked four planes and killed 2,983 in New York City, at the Pentagon in Washington, D.C., and in a Pennsylvania field. The New York Stock Exchange, which closed for six days after the 2001 attacks, pauses for a one-minute moment of silence at 9:20 a.m. ET on Wednesday morning. The 9/11 Memorial & Museum holds its remembrance ceremony, beginning at 8:40 a.m. ET. Remembrances around the nation also include events at the Pentagon and near Shanksville, Pennsylvania, where one of the planes went down.