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
Ohio Gov. John Kasich said Wednesday the U.S. needs a coherent message on drugs.
"Sending kids mixed signals about drugs is a disaster," Kasich said at the third Republican debate.
"I've spent five years of my administration working with my team to do a whole sort of things to try to reign in overdoses," he said.
Legalizing marijuana has become a rhetorical battlefield where "tough-on-drugs" GOP candidates like New Jersey Gov. Chris Christie and Carly Fiorina have faced off with libertarians like Sen. Rand Paul, who see it as an issue of states' rights.
"The bottom line is the states," Paul said at the previous Republican debate. "We say we like the 10th Amendment, until we start talking about this. And I think the federal government has gone too far. I think that the war on drugs has had a racial outcome and really has been something that has really damaged our inner cities."
While Paul called marijuana use a "victimless crime," Christie and Fiorina pointed to decreased productivity and negative impacts on family members as downsides to legalizing the drug.
An Oct. 21 Gallup poll found 58 percent of Americans support legalizing marijuana, according to a random phone sample of 1,015 adults. The issue of pot use is front and center in Colorado, the location of the CNBC GOP debate and one of four states where recreational marijuana use has been approved by voters. The others are Oregon, Washington and Alaska.
— CNBC's John Harwood and Anita Balakrishnan contributed to this report.