The Federal Reserve's monetary-policy committee, after a two-day meeting that culminates on Wednesday, is likely to scrap a pledge for 'patience' on setting interest rates, paving a way for a rate reduction in July, according to economists at Deutsche Bank.
Facebook's first blockchain-backed payment initiative is here. Here's what investors and crypto enthusiasts need to know.
Builders started 1.269 million new home-construction projects during May, the Census Bureau says, down from the prior month's 1.29 million. But the figure for housing starts still exceeded Wall Street expectations for 1.245 million new projects in May.
This initiative, targeting the unbanked, will go a long way to repairing FB's tattered reputation.
Facebook is fomenting optimism on its blockchain bets, despite traditional cryptocurrency criticism.
Watch the video interview with Bruce Van Saun, who believes Washington D.C. can focus more on strengthening the current positive economic environment.
Retail sales rose 0.5% in May, a government report shows. Economists had projected an increase of 0.6% from April levels.
Wall Street economists project that the U.S. economy will slow to 2.2% this year from 2.9% in 2018, causing President Donald Trump's administration to fall short of its pledge of 3% growth. But all that could change if the president terminates his trade war -- and it's largely within his control.
Prices on consumer purchases, excluding food and energy, rise by 0.1% in May after a gain of 0.3% in April, a report from the Labor Department's Bureau of Labor Statistics shows.
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