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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
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread 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
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
The deal for Perfect Bar's parent gives Mondelez a further foothold in snacking, as more people eat on-the-go.Food & Beverageread more
Chesley "Sully" Sullenberger told a congressional panel that pilots should receive simulator training before flying the Boeing 737 Max.Airlinesread more
The urgency for Altice to put together a bid has diminished now that it appears Sprint is going in a different direction. On Tuesday, CNBC's David Faber reported that T-Mobile and Sprint are in active talks about a merger, citing people close to the situation.
That means a plan floated more than a month ago in which SoftBank would combine Charter and Sprint in a new company have been pushed aside. Faber said negotiations between T-Mobile and Sprint, which is controlled by SoftBank, are still weeks away from completion and the chances of reaching a deal aren't assured.
French telecom giant Altice, which operates the U.S. cable subsidiary Altice USA, worked on its own bid to buy Charter over the summer when it appeared there was plenty of competition from both the proposal involving SoftBank and earlier interest from Verizon. But that urgency by Altice to get a bid out there has diminished, Faber said Tuesday.
Charter continues to be in Altice's sights, but the company is looking at it from a longer-term perspective, perhaps one to two years down the road.