The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
With the Federal Reserve deciding not to cut interest rates but leaving the door open for future cuts, experts are split on what comes next.Trading Nationread more
McDonald's reported weaker-than-expected global sales at established restaurants for November, hurt by a sharp drop in comparable-store sales in the United States.
The world's biggest hamburger chain said worldwide sales at restaurants open at least 13 months rose 0.5 percent last month, missing analysts' average estimate of a rise of 0.6 percent, according to Consensus Metrix.
Same-restaurant sales fell 0.8 percent in the United States, widely missing the 0.3 percent gain expected on average by the 14 analysts polled by Consensus Metrix.
(Read more: McDonald's: more than a trillion served, by robots)
The company said high competition and relatively weak customer traffic hurt sales in the United States, its second biggest market after Europe.
The world's largest hamburger chain had previously signaled that weakness would continue in the fourth quarter amid stiff competition and halting global economic growth.
U.S. analysts have said that adding new menu items such as lattes, smoothies, salads and wraps has slowed McDonald's service and hurt business.
(Read more: McFail: McDonald's out-of-touch tipping advice)
Same-restaurant sales in Europe rose 1.9 percent, topping the 0.8 percent analysts had expected on average, helped by strong sales in the United Kingdom, France and Russia.
Japan continued to be a drag as comparable sales in Asia Pacific, the Middle East and Africa region fell 2.3 percent. Analysts on average had estimated a 0.7 percent decline. Sales in Japan have been weak for the past seven months.
(Read more: )
The Oakbrook, Illinois-based company's shares were down 0.6 percent at $96.20 in premarket trading on Monday.