The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
The presidential campaign is "going to be very tough," the former chief White House strategist.Politicsread more
Gelson's, an upscale grocery store chain with 27 locations across Southern California, will sell 12-ounce packages of the Impossible Burger.Food & Beverageread more
"The market all of the sudden has broken out into a behavior that seems much more rational in September than it did in August," National Securities' Art Hogan says.Trading Nationread more
Huawei launched a new 5G flagship smartphone lineup Thursday without pre-installed Google-licensed apps as the Chinese tech giant faces fallout from a U.S. blacklist earlier...Technologyread more
The Candytopia and Toys R Us partnership will open in late October in Chicago and Atlanta. The exhibits will stay open through the 2019 holidays, before moving on to different...Retailread more
Initially introduced in March 2018, the "Worker Dividend Act" requires firms to distribute the value of its stock buybacks dollar-for-dollar.2020 Electionsread more
A spokesperson for Sen. Mark Warner, D-Va., said he helped organize the dinner in D.C. at the request of Facebook.Technologyread more
The data pointed to strong labor market conditions that should continue to support a moderately growing economy.Economyread more
U.S. stock futures were pointing to a higher open on Wall Street on Thursday, the morning after President Donald Trump tweeted a "good will" delay in some of his China tariffs. The Dow Jones Industrial Average extended its winning streak to six sessions, closing on Wednesday back above 27,000. Bond yields were lower. The European Central Bank, after Thursday's meeting, cut its deposit rate and launched new bond-buying program. The Federal Reserve is also seen easing monetary policy next week, with its second quarter-point interest rate cut of the year.
In addition to the ECB, the latest on U.S. consumer prices could figure into the Fed's decision on rates next week. The government's August consumer price index rose 0.1%, in-line with estimates. On Wednesday, the producer price report showed an unexpected rise in August.
China's state media says Beijing is welcoming Trump's decision to delay the planned tariff rate increase from 25% to 30% on $250 billion of Chinese goods by two weeks, to Oct. 15. Trump tweeted that the postponement came "at the request of the Vice Premier of China, Liu He and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary" on the originally planned tariff date of Oct. 1.
Earlier Wednesday, China announced plans to exempt 16 types of U.S. products from additional tariffs for a year starting Tuesday. The overtures from both sides come ahead high-level talks aimed at ending the yearlong U.S.-China trade war next month.
U.S. oil prices were lower Thursday morning, adding to Wednesday's nearly 3% plunge after a report that Trump weighed easing sanctions on Iran to help secure a meeting with Iranian President Hassan Rouhani later this month. Relaxing sanctions on Iran could lead a flood of crude supply at a time of lingering worries about global demand. Recently departed national security advisor John Bolton argued against the move, according to Bloomberg. Treasury Secretary Steven Mnuchin is said to have voiced support in a White House meeting on Monday.
Trump has ruled out cutting capital gains taxes, for now. The White House said the decision came after the president met Wednesday with advisors to talk about possible tax policy changes, including one proposal he appeared to shy away from weeks ago. Last month, Trump said that indexing capital gains taxes to inflation could be perceived as elitist. The plan could lower taxes investors pay on profits from selling assets.