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
Check out which companies are making headlines after the bell on Thursday:
Shares of Viacom fell more than 6 percent after initially jumping nearly 4 percent during after-hours trading. The company reported earnings of $1.17 per share on revenue of $3.36 billion, topping expectations for $1.05 per share on revenue of $3.29 billion, according to Thomson Reuters consensus estimates. Domestic ad revenue fell in the quarter, however.
GoPro shares surged more than 12 percent in extended trading after the consumer electronics company posted its second-quarter results. The tech company reported a narrower-than-expected loss of 9 cents a share on revenue of $296.5 million, while Wall Street expected a loss of 25 cents a share on revenue of $269.6 million, according to Thomson Reuters consensus estimates.
Shares of Yelp skyrocketed more than 18 percent during after-hours after the crowd-sourced review company posted an unexpected profit in its second-quarter. The company reported earnings of 9 cents a share on revenue of $209 million while analysts projected a loss of 3 cents on revenue of $205 million, according to Thomson Reuters consensus estimates. The company also announced a $200 million stock buyback plan and a deal to sell Eat24 to GrubHub.
Weight Watchers shares soared nearly 17 percent during extended-trading after the company posted results that beat Wall Street expectations. The diet services company reported earnings of 67 cents a share on revenue of $342 million, while Wall Street predicted earnings of 51 cents a share on revenue of $330 million, according to Thomson Reuters consensus estimates.