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
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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
Disney is attempting to cut 10 percent a year from its costs, a move that may bring layoffs after a summer of bad box office numbers and struggling ratings.
The media giant is targeting the cuts in its ABC television group, a source familiar with the changes told CNBC. Disney has yet to finalize plans regarding staffing levels but the company is seeking to make reductions by attrition, the source said.
Disney is expected to identify those cuts by the end of September.
Cuts are anticipated to take place throughout subdivisons of the ABC television group, according to The Wall Street Journal. Disney plans to make reductions at ABC's broadcast network, news, television production studio and local stations.
Disney stock price reflects the company's recent lackluster performance, down 2 percent this year at $102 per share, after hitting a 52-week high of $115.84 on April 2, according to FactSet.
In conversations with CNBC, several high-level executives at large media companies have expressed frustration and anger with Disney CEO Bob Iger's decision, announced on Aug. 8, to create two direct-to-consumer offerings.
Disney plans to remove its movies from the popular streaming service Netflix beginning in 2019 and start its own. Next year, ESPN's streaming service kicks off, with content from 10,000 sporting events.
Iger's response to the criticism has been: "Any intellectual property company should be careful about being lulled into supporting a platform that may not serve the customer effectively in a disrupted world."