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
The stream is slated to start at 2:30 pm ETThe Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on May 1 after the Fed's previous policy-making 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
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
Federal Reserve Chairman Jerome Powell said the case for a rate cut at central bank's Wednesday meeting is not strong enough.The Fedread more
If you're concerned about what Wednesday's Fed decision means for your bank account, mortgage loan or credit card — as well as student debt, home equity loan and car payment —...Personal Financeread more
The Federal Open Market Committee's quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.The Fedread more
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
The Federal Reserve lowered its inflation forecast for 2019 while keeping the growth expectations unchanged.The Fedread 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
Meg Whitman, chief executive of Hewlett-Packard told CNBC in an interview that "desktops are not dead" as the group battles tough competition in the technology market.
In addition, the group is working on innovative products for consumers including a device which combines the laptop and tablet, she said.
With competition from ever-smaller and thinner tablets and smartphones, plenty of industry experts have dismissed desktop computers as old and clunky.
(Read more: Global PC sales tank to lowest level since 2008)
HP, which has had a torrid few years, has to focus on innovation to turn around, Whitman told CNBC.
"We're making a lot of progress," she said to CNBC at Hewlett-Packard's Discover Conference in Barcelona. "We have to continue to innovate. The innovation engine is alive and well at HP."
The company's shares are up nearly 90 percent this year, suggesting that investors have faith in its five-year turnaround plan, spearheaded by Whitman, which is two years underway.
It is thought to be at a critical point, where it could either reclaim its market share and re-emerge as one of the forces to be reckoned with in the IT world, or fade out.
"I think we're beginning to build confidence around where we're taking the company," Whitman said.
(Read more: Hewlett-Packard earnings beat estimates)
"We're taking advantage of HP's breadth and depth. We have to be on our game every single day, with traditional competitors and the new competitors which want to disrupt our world."
She cited the importance of paying down the company's debt pile.
One of the key concerns for investors is the integration of U.K. company Autonomy, which HP bought in 2010 for $11 billion, and had to take an $8.8 billion write-down on in 2012. The computer giant has cited alleged accounting fraud at Autonomy, which has been vigorously denied by the company's founder Mike Lynch.
"The wheels of justice are turning slowly" in the U.S. on the Autonomy case, according to Whitman.
Whitman was famously HP's fourth chief executive in fourteen months when she took over in September 2011, as the company struggled to match innovations from rivals like Apple. It still has no smartphone and a small slice of the tablet market.
The company recently raised its dividend by 10 percent and announced share buyback plans, which should keep investors happy for the short term.
"HP is coming back and it's coming back strong," Whitman said.
"Customers can see us being more optimistic than we have been in a number of years."