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
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe 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
The vote makes Mexico the first of the three countries to win legislative approval for the trade agreement.Politicsread more
Resident "Fast Money" crypto expert Brian Kelly breaks down the major differences between bitcoin and Facebook's new cryptocurrency Libra.Fast Moneyread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
For those who want more power, the new Gran Coupe comes with a brutish, 523-horsepower twin-turbo V-8.Autosread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
21st Century Fox has been holding talks to sell most of the company to Disney, leaving only an entity focused on news and sports, CNBC reported Monday, citing sources familiar with the situation.
Such a sale would be a "dream come true," Laura Martin, senior analyst, entertainment and internet at Needham, said on CNBC's "Power Lunch " Monday. Martin has a hold rating on the stocks of both companies.
She estimated such a deal would cost Disney $20 billion to $30 billion.
"Putting these assets under Disney's hands will make them a lot more money," Martin said. "At the end of the day, Fox will get more money than it could have by it operating those businesses and Disney will make more at the outset."
Disney shares traded 2 percent higher Monday afternoon, while Class A shares of 21st Century Fox rose more than 7 percent.
The two sides spoke over the last few weeks, but are not speaking at this very moment, the sources said, and there is no certainty the discussions will lead to a deal.
Officials at Disney and Fox declined to comment to CNBC.
Martin also agreed a potential deal between the two companies is "Disney's Netflix killer."
The entertainment industry has struggled with the rise of on-demand video-streaming services such as Netflix that reduce consumers' need for cable television subscriptions or movie theater tickets.
Disney said in August it plans to remove all its movies from Netflix and launch a branded direct-to-consumer streaming service in 2019.
Netflix shares traded about half a percent lower Monday afternoon.
Martin said Disney's business is doing better than Fox's because of "diversification." With distinct franchises — including Marvel, Pixar and Disney films such as "Frozen" — she said, Disney is on a "red-hot film streak."