U.S. President Donald Trump on Wednesday called on the "boneheads" at the Federal Reserve to push interest rates down into negative territory, a move reluctantly used by other world central banks to battle weak economic growth that risks punishing savers and banks' earnings in the process.
DoubleLine's Jeffrey Sherman tells CNBC that August's Treasury bid may have been overdone and said gold could be a good recession play.
"Negative rates, no. You don't want negative rates. That's just a sign that we're not a robust economy," says CNBC's Jim Cramer.
As the Sino-U.S. trade war drags on, Beijing is throwing its door wide open to foreign investors as concerns grow over declining exports, capital flight and persistent yuan weakness.
Here's a look at what cutting the Fed's target interest rate to zero could mean for your wallet.
Facebook's Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws.
Mexican President Andres Manuel Lopez Obrador said on Wednesday the U.S. threat of tariffs on Mexican goods has lessened, after his top envoy met U.S. President Donald Trump and other Washington officials to assess progress on reducing migration.
The cuts represent about 3% of the bank's workforce and comes across all sectors.
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Britain's finance ministry has said it will scrutinize Hong Kong Exchanges and Clearing's attempted takeover of the London Stock Exchange, after the Asian bourse made a surprise $39 billion approach on Wednesday.
Hong Kong Exchanges and Clearing made a surprise $39 billion takeover approach for the London Stock Exchange on Wednesday, aiming to sabotage the LSE's acquisition of data company Refinitiv and create a global trading powerhouse.
J.P. Morgan's chief quant says that the big rotation into value names should continue, and that stocks should move higher into October, and beyond.
Major Wall Street analysts loved Apple's refreshed product unveiling which featured a new lower cost iPhone.
There will be six global coordinators of the IPO, sources said.
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new glut of crude.