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 before the bell:
Kite Pharma — Gilead Sciences announced a deal to buy Kite for $11.9 billion in cash, or $180 per share, 29 percent more than Kite's closing price on Friday. The drugmakers expect the deal to close during the fourth quarter of this year.
Littelfuse — The company announced it would buy fellow chip maker IXYS for about $750 million in cash and stock, worth about $23 per share. That's about 44 percent more than the Friday closing price for IXYS.
CBS — The media company announced plans to buy Australian customer Ten Network Holdings and launch a streaming service in that country.
Expedia — Expedia Chief Executive Officer Dara Khosrowshahi has been chosen as Uber's new CEO, according to sources. He was picked over former General Electric CEO Jeff Immelt and Hewlett Packard Enterprise CEO Meg Whitman.
General Electric — GE is implementing plans to cut costs and increase profitability in its industrial software business and is also considering a possible stake sale in the unit, according to a Reuters report.
Western Digital — Western Digital Chief Executive Stephen Milligan is reportedly in Tokyo to finalize a purchase of Toshiba's memory chip business, according to Reuters. A sale would end a months-long dispute over the sale of the unit.
Amazon.com — Amazon officially takes over ownership of Whole Foods Market today, having promised price cuts and special discounts for members of its Prime service.
Vulcan Materials — Vulcan struck a deal to buy Canadian construction materials company Polaris Materials for about $202 million, subject to the approval of Polaris shareholders.
Infosys — Infosys co-founder Nandan Nikekani officially returned to the India-based IT services company as chairman today, and said finding a new permanent CEO would be among his top priorities.
Bristol-Myers Squibb, Pfizer — Bristol-Myers and Pfizer announced data showing a lower risk of stroke and lower rates of major bleeding in patients taking their blood thinning drug Eliquis compared to competing drugs. The two drugmakers are presenting their findings today at a conference in Barcelona, Spain.
Johnson & Johnson — The company's Janssen Pharmaceuticals unit announced favorable results in a phase 3 study involving its blood-thinning drug Xarelto. The study found the drug significantly reduced major cardiovascular events in certain heart patients.