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
Donald Trump's presidential campaign staff moved quickly on Saturday to capitalize on a leaked audio in which Democratic presidential nominee Hillary Clinton characterized supporters of Bernie Sanders as living with their parents on the economic fringes.
In a recording of a February fundraiser first reported by the conservative-leaning Washington Free Beacon, Clinton was overheard telling supporters that Sanders supporters like "free" things like health care and education.
She also said some of them were "living in their parents' basement," and that "they feel they got their education and the jobs that are available to them are not at all what they envisioned for themselves," according to the audio. "And they don't see much of a future."
The GOP contender wasted little time seizing on the remarks, blasting out a fundraising appeal pointedly titled "Hillary mocked Bernie supporters"—just as the Clinton camp released new figures showing a big fundraising haul last month.
In a twist of irony, the real estate billionaire has cast himself as a champion of the working class, while repeatedly attacking his opponent as captive to wealthy elites. Vowing to match contributions up to triple the amount given, the email said that voters "can't let Crooked Hillary get away with attacking the great citizens of our country."
Still, the Clinton campaign appeared to score a fundraising bonanza of their own. According to new data, the Clinton/Kaine ticket pulled in more than $154 million for Hillary for America and the national party in September.
Clinton's remarks — which ricocheted across political blogs and trended on social media all day Saturday — echoed Clinton's misstep a few weeks ago, when she classified "half" of Trump's supporters as being part of a "basket of deplorables."
A Clinton representative did not immediately respond to CNBC's request for comment.