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
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread 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
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
The deal for Perfect Bar's parent gives Mondelez a further foothold in snacking, as more people eat on-the-go.Food & Beverageread more
Chesley "Sully" Sullenberger told a congressional panel that pilots should receive simulator training before flying the Boeing 737 Max.Airlinesread more
Alphabet Inc said Wednesday its self-driving car project will expand testing to Kirkland, Washington later this month, the third city where it is testing autonomous vehicles.
The company's Google unit has conducted autonomous vehicle testing for six years in Mountain View, California, where it is based, and it expanded testing to Austin, Texas last summer.
Google said in a statement that one reason for the new site in the northwest United States is to gain experience in "different driving environments, traffic patterns, and road conditions."
Kirkland has significant seasonal rain that allows for wet weather testing, along with hills that will allow testing of sensors at different angles and elevations.
Google began a few weeks ago driving a single Lexus RX450h SUV around a few square miles in North Kirkland to create a detailed map of the streets.
The company says its self-driving software has already been tested in over 1.4 million miles of autonomous driving.
Washington Governor Jay Inslee praised the testing. "We're looking forward to seeing the cars on the road and understanding more about how self-driving cars might someday improve safety and provide traffic relief," he said in the Google statement.
Last month, the U.S. Transportation Department said it may waive some vehicle safety rules to allow more driverless cars to operate on U.S. roads as part of a broader effort to speed up development of self-driving vehicles.
Major automakers, and technology companies led by Google, are racing to develop and sell vehicles that can drive themselves, but they have complained that safety rules are impeding testing and ultimate deployment of such vehicles.
The U.S. National Highway Traffic Safety Administration told automakers it is willing to exempt up to 2,500 vehicles industry-wide from some auto safety standards for up to two years in a move that could allow Google to get its self-driving cars on U.S. roads.
Safety regulators will write guidelines for self-driving cars within six months, Transportation Secretary Anthony Foxx said last month.