CNBC: Facebook discussed the launch of its cryptocurrency with the Fed, Jerome Powell says

Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. Saul Loeb | AFP | Getty…

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CNBC: Trump’s potential Fed nominee reportedly wants rates at zero

Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, speaks during an interview in Washington, D.C., U.S., on Wednesday, May 29, 2019. Bloomberg | Bloomberg | Getty Images One of President Donald Trump’s possible picks for…

CNBC: Stocks making the biggest moves premarket: Southwest, Winnebago, Adobe, US Steel & more

Check out the companies making headlines before the bell: Southwest Airlines – The airline raised its full-year revenue for revenue per available seat mile, owing to what it calls “solid” demand. The airline said fuel efficiency is down, however, due…

CNBC: China is lowering tariffs on other countries amid trade war with the US

Containers are stacked on a vessel at the Port of Long Beach in Long Beach, California on July 6, 2018, including some from China Shipping, a conglomerate under the direct administration of China’s State Council. Frederic J. Brown | AFP…

CNBC: Still scope for US interest rate cut, says IMF’s chief economist

There is still room for the U.S. Federal Reserve to cut interest rates, the International Monetary Fund’s (IMF) chief economist suggested ahead of the latest decision on rates from the central bank on Wednesday. The Fed is widely expected to…