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
Ousted top White House aide Steve Bannon cast doubts Tuesday on the prospects of tax reform getting done soon, The Wall Street Journal reported.
Speaking to money managers in Hong Kong, the former chief strategist to President Donald Trump said he doesn't expect any change in U.S. tax law for at least the next three months and even this year, according to the newspaper.
Just Tuesday morning, Treasury Secretary Steven Mnuchin reiterated the administration's goal to overhaul the American tax system by the end of this year.
"We're going to get this done by the end of the year," the Treasury secretary said, adding that the administration is "super focused" on the goal following the three-month debt limit and government funding extension passed last week.
Many observers have said that the administration's deadline appears optimistic for tax reform due to the complex nature of the tax code and the competing interests of lawmakers.
Bannon, a firebrand who advocated for protectionist trade policies and stricter limits on immigration, left the White House last month. He rejoined Breitbart News, the right-wing news website that he previously chaired.
Bannon also made waves in a recent interview with CBS.