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
The stream is slated to start at 2:30 pm ETThe Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on May 1 after the Fed's previous policy-making 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
If you're concerned about what Wednesday's Fed decision means for your bank account, mortgage loan or credit card — as well as student debt, home equity loan and car payment —...Personal Financeread more
The Federal Open Market Committee's quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.The Fedread more
Employees spoke out on issues like forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
The Federal Reserve lowered its inflation forecast for 2019 while keeping the growth expectations unchanged.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
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
Apple is on a bit of a spending spree this week, but there's no doubt it can afford it.
"Nobody has built a money-printing machine like Apple," top investor Jason Calacanis told CNBC's "Squawk Alley " Wednesday. "And it's something to be lauded and appreciated."
Calacanis said the company has continued to defy predictions about product cycles and margins. The company's 10th anniversary iPhone X costs more than $1,000 — yet users continue to buy it, he said.
"The end of the iPhone is something that we've all been predicting, and the end of the iPhone profit machine is something we've all been wondering when that's going to end — and it hasn't," Calacanis said.
He said it was "confounding" that Apple hadn't heavily invested in mergers and acquisitions, given its cash position — but the tide may be turning on that front.
Apple this week announced the acquisition of music recognition app Shazam for an estimated $400 million.