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
Trump has slammed the Kentucky Republican multiple times this week for what Trump calls his failure to follow through on the GOP agenda. On Thursday, he told reporters "you can ask me" if McConnell should step down from leadership if he does not pass bills to repeal and replace Obamacare, reform the tax system, and overhaul U.S. infrastructure.
Several of McConnell's GOP colleagues threw their support behind him following Trump's attacks.
Sen. John Cornyn, R-Tex., the second-ranking Senate Republican, on Friday said "no one is more qualified" to head the Senate in the "team effort" to pass Trump's agenda.
Sen. Orrin Hatch, R-Utah, the longest-serving Republican currently in the Senate, on Thursday said he "fully" supports McConnell. Hatch called the Kentucky Republican "the best leader we've had in my time in the Senate."
The comments show GOP senators have little appetite, at this point, to push McConnell out of his role.
Trump's jabs likely will not help relations between the president and Republican senators when lawmakers return from recess. The Senate GOP has increasingly shrugged off suggestions from Trump as he faces low approval ratings and struggles to enact his agenda. For example, the president has urged senators to keep trying to repeal the Affordable Care Act, but that has fallen on mostly deaf ears.
Trump started throwing verbal taunts at McConnell after the senator said Trump had "excessive expectations" about how quickly legislation can pass. McConnell on Tuesday partly blamed deadlines set by Trump and others for the perception that Republicans have failed to follow through on their campaign promises.