The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
Great Plains Energy, the parent of regulated power utility Kansas City Power & Light, will buy rival Westar Energy for $8.6 billion, the biggest deal in the U.S. power distribution market so far this year.
Shares of Great Plains fell nearly 6 percent Tuesday, while Westar's stock gained more than 6 percent.
Falling demand for electricity in both open and regulated markets due to increased energy efficiency and a weak economy has led to several deals as U.S. utilities look to cut costs and diversify their portfolios.
The deal, which has an enterprise value of about $12.2 billion including $3.6 billion of Westar's debt, will increase Great Plains' customer base to more than 1.5 million in Kansas and Missouri and its generation capacity to nearly 13,000 megawatts.
Great Plains had a generation capacity of about 6,400 megawatts and about 850,800 customers in the two states, as of March 31.
The industry is facing increased customer expectations, stricter environmental standards and emerging cyber security threats, Great Plains Chairman and Chief Executive Terry Bassham said. "These factors, coupled with slower demand growth for electricity, are driving our costs and customer rates higher."
The deal includes a reverse breakup fee of $380 million and it is expected to close in the spring of 2017. Bassham will be the chief executive and chairman of the combined company.
Great Plains, whose last big acquisition was in 2008 when it bought Midwestern electric utility Aquila Inc, said it had secured about $8 billion of committed financing from Goldman Sachs for the Westar acquisition.
Goldman Sachs is Great Plains' financial adviser for the Westar deal and Bracewell is its legal adviser.
Guggenheim Securities is Westar's financial adviser and Baker Botts is its legal counsel.
Entering Tuesday trading, Great Plains shares were up 13.5 percent for the year, while Westar shares had gained nearly 25 percent in the same time period.
GXP (blue) and WR (green) in 2016Source: FactSet
—CNBC's Fred Imbert contributed to this report.