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
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread 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
Beauty and fashion site tweeted out a photo Sunday night from the Oscars with this caption: "We had no idea @Oprah was #tatted, and we love it. #oscars"
Cool, right? Except the photo was not an image of Oprah. It was an image of Whoopi Goldberg, a totally different person who is like Oprah only in that she is also a black woman. It was an embarrassing mistake, and it doesn't appear Twitter users are going to let this faux pas go.
Total Beauty deleted the tweet, and then apologized.
What truly makes this error tough to stomach, though, is that the Oscars are already under scrutiny for a lack of diversity. The hashtag #OscarsSoWhite has been making the rounds all day and some black actors and actresses, including Jada Pinkett Smith, husband Will Smith, and director Spike Lee, are all boycotting the event.
Here you can see the Internet's reaction to Total Beauty. It appears Total Beauty has stopped tweeting.
—By Kurt Wagner, Re/code.net.
CNBC's parent NBC Universal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.