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
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
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
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread 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 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
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread 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
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
President Barack Obama said Tuesday the world needs to tackle climate change now.
"This one trend — climate change — affects all trends. If we let the world keep warming as fast as it is, and sea levels rising as fast as they are ... then before long we're going to have to devote more and more of our economic and military resources ... to adapting to the various consequences of a changing planet," Obama said. "This is an economic and security imperative that we have to tackle now."
Speaking at the COP21 Climate Change Summit in Paris, Obama urged other countries to agree on lower greenhouse gas emissions.
"Now, all of this will be hard. Getting 200 nations to agree on anything is hard," he said. "But I'm convinced we're going to get big things done here."
Obama also discussed the ongoing situation in Syria, saying Russian President Vladimir Putin sees no military answer to the devastating civil war.
"Now, where we continue to have ongoing difference, is not on the need for political settlement. It's the issue of whether Mr. Assad can continue to serve as president while still bringing that civil war to an end," he said. "It's been my estimation for five years now that that is not possible."
He also said he does not expect to see a 180 degree turn soon on Russia's strategy regarding its support of Syrian President Bashar Assad. "They have invested for years now in keeping Assad in power. Their presence there is predicated on propping him up."
Obama also said he has seen progress on Turkey's efforts to close its southern border with Syria, but added that there are some gaps. "In particular, there are still some 98 kilometers that are still used as a transit point for foreign fighters."
— Reuters contributed to this report.
Correction: An earlier version misstated the location of Turkey's border with Syria.