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
Check out which companies are making headlines before the bell:
Equifax — The credit reporting agency revealed a massive data breach that exposed personal information of as many as 143 million consumers. The company also said three executives who sold shares days after the breach was discovered were unaware of the event.
Ralph Lauren – Credit Suisse upgraded the luxury goods maker to "outperform" from "neutral", saying the company is on track to return to meaningful growth and profit margin expansion.
DowDupont – RBC Capital initiated coverage on the Dow/DuPont combination – which made its debut as a new company and a Dow component this week – with a "top pick" rating. RBC said the closure of the deal means planned synergy will start to be evident, and volume growth will be meaningful.
ADP – ADP issues a statement thanking activist investor Bill Ackman for presenting his proposals to the ADP board, but said none of the board nominees put forth by Ackman's Pershing Square would bring additional skills to the board, and that the maker of payroll processing and human resources software was confident that it had the right strategy in place.
Chipotle Mexican Grill – Cowen downgraded the restaurant chain's stock to "underperform" from "market perform", saying its survey data indicate that a sales recovery will be slower than investors generally expect.
Western Digital – The hard disk drive maker is seeking $464 million from Apple (AAPL) to help finance a bid for Toshiba's chip making unit, according to the Kyodo news service. Toshiba is still assessing bids from three groups of suitors, although Reuters reports that Apple is involved in all of them.
Monsanto – Monsanto filed a petition with the state of Arkansas, seeking to remove a ban on the herbicide dicamba that is scheduled to take effect next April 15. Dicamba has been linked to crop damage, but Monsanto calls the ban "unwarranted and misinformed".
Cloudera – Cloudera lost 17 cents per share for its latest quarter, eight cents smaller than Wall Street analysts had anticipated. Revenue for the data management software company beat estimates, amid improved sales and customer acquisition.
American Outdoor Brands – The company reported a sharp drop in quarterly earnings and revenue, and lowered its fiscal 2018 guidance as well, amid lower than anticipated shipments in the company's firearms business.
VeriFone – VeriFone matched Street forecasts with adjusted quarterly profit of 36 cents per share, while revenue was slight above estimates. Current quarter guidance, however, is short of analyst projections for the maker of electronic payment devices. The company did say it expects to return to annual growth in fiscal 2018.
Finisar – Finisar matched estimates with adjusted quarterly profit of 40 cents per share, while the fiber optic company saw revenue come in very slightly above Street forecasts. However, Finisar also gave week current quarter earnings and revenue guidance amid a decline in telecom sales.
Redfin – Redfin earned six cents per share for its latest quarter, equaling Street forecasts, while the online real estate services company saw revenue essentially in line as well. The report was Redfin's first since going public in July.
GlaxoSmithKline – The drug maker was downgraded to "underweight" from "equal-weight" at Morgan Stanley, which cited a "challenging" 2020 roadmap.
Zumiez – Zumiez lost two cents per share for its latest quarter, smaller than the six cent loss anticipated by analysts. Revenue also beat estimates for the maker of action sports equipment and apparel, which saw an acceleration in same-store sales for the month of August.