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
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
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
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread 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 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
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread 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
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
But, he notes, "it's not up to me."
"The Mooch," a few weeks removed from his spectacular flameout following an expletive-laden conversation with a reporter, appeared Monday on CBS' "Late Show" with Stephen Colbert. Colbert has seen his ratings soar since Trump's inauguration with his relentless comedic attacks.
Colbert showed a picture of Scaramucci and former White House Chief of Staff Reince Priebus glaring at each other. Scaramucci said there was "no love lost" between the two.
He said he and Priebus got along well when he was writing checks to the Republican National Committee, which Priebus once led. Scaramucci said he knows Trump "as a compassionate person," while reiterating that he thought the president should have spoken more harshly than he did initially of the white supremacists involved in the violent protest in Charlottesville, Virginia.
Of Trump's frequent off-the-cuff remarks, Scaramucci said, "That's him wearing his heart on his sleeve."