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
Some of President Donald Trump's own staff are questioning whether they want to remain at the White House, Axios Executive Editor Mike Allen told CNBC on Thursday.
"People are watching what he's saying, watching what he's tweeting. We're getting increasing texts, emails, calls from people inside wondering if this is something that they want to remain a part of," he said in an interview with "Power Lunch. "
Rumors circulated Thursday morning that National Economic Council Director Gary Cohn might resign, sending stocks lower. However, the White House strongly denied those rumors, calling them "100% false."
Trump has been under fire for his reaction to the deadly white supremacist rally in Charlottesville, Virginia, over the weekend. On Tuesday, he blamed "both sides" for the violence and claimed some of the people participating in the rally were only against the removal of a statue of Confederate Gen. Robert E. Lee.
Then on Thursday he took to Twitter to speak out against removing Confederate statues.
The bipartisan criticism of his remarks has been swift, and on Wednesday, top business executives disbanded an advisory council to Trump.
Axios reported that the president has "left himself on an island inhabited by a shrinking band of true-believer voters."
"The problem for this president is that the exact market forces that he would need to rise, that he would need to get his footing, recover are all people that he's alienated," Allen told CNBC.
The White House did not immediately respond to a request for comment.
— CNBC's Jacob Pramuk and Evelyn Cheng contributed to this report.