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
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
With the Federal Reserve deciding not to cut interest rates but leaving the door open for future cuts, experts are split on what comes next.Trading Nationread more
The addition of FCA gives the BMW/Intel team a boost in the race among automakers, tech firms and auto suppliers to develop the technology that allows vehicles to drive with little or no driver interaction.
"In order to advance autonomous driving technology, it is vital to form partnerships among automakers, technology providers and suppliers," said FCA Chief Executive Officer Sergio Marchionne.
As part of the partnership, the automakers will co-locate engineers in Germany and at other locations around the world. While the group is far from developing models that will be sold in large volume, FCA said the strength it brings to the partnership is its sales volume, geographic reach and experience in North America.
For now, Fiat Chrysler said it is not changing its relationship with Waymo, the subsidiary of Alphabet it has worked with to modify Chrysler Pacifica minivans for self-driving technology. Waymo is testing a small number of autonomous-drive Pacifica minivans in Phoenix, with some of them providing rides to a select number of people.
"With FCA as our new partner, we reinforce our path," BMW Chairman Harold Kruger said.
"The future of transportation relies on auto and tech industry leaders working together to develop a scalable architecture that automakers around the globe can adopt and customize," said Brian Krzanich, Intel's CEO.
Fiat Chrysler partnering with another automaker to develop self-driving cars stands in contrast to its Big Three competitors GM and Ford. General Motors has bought tech firms like Cruise Automation, but it is not working with any established automakers on self-driving cars. Neither is Ford, which has been developing a greater presence in the Silicon Valley but has not yet signed on to work with other automakers on autonomous-drive vehicles.