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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
Resident "Fast Money" crypto expert Brian Kelly breaks down the major differences between bitcoin and Facebook's new cryptocurrency Libra.Fast Moneyread 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
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
Amazon's Alexa is getting more powerful by the day.
Amazon told CNBC, "As one of their distributors, we already know customers love their home security cameras and monitoring systems. We're excited to welcome their team and invent together on behalf of customers."
Terms of the deal were not disclosed.
Blink will help Amazon catch up to Google's Nest, which began offering its own security system earlier this year and already sells an array of indoor and outdoor connected cameras.
It might also help Amazon improve its new Amazon Key in-home delivery system, which does not yet currently work with an alarm system. By linking in with Blink's upcoming security system, it would allow drivers to potentially deactivate a home alarm instead of requiring a user to deactivate his or her own system on the day of the delivery.