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
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
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread 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
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
Federal Reserve Chairman Jerome Powell said the case for a rate cut at central bank's Wednesday meeting is not strong enough.The Fedread more
Autodesk forecast second-quarter profit on Thursday below Wall Street expectations, sending the AutoCAD software maker's shares down nearly 4 percent in extended trading.
The company's forecast overshadowed a beat on both first-quarter revenue and profit.
Autodesk forecast second-quarter adjusted profit between 13 cents and 16 cents per share. Analysts on average were expecting a profit of 18 cents per share, according to Thomson Reuters I/B/E/S.
The company which competes with Adobe Systems, Ansys, and Dassault Systemes for design software customers is shifting to a subscription-based business model to generate a more sustainable revenue stream.
Autodesk's subscription revenue more than doubled to $350.4 million in the reported quarter, above estimates of $328.9 million.
Net loss narrowed to $82.4 million, or 38 cents per share, in the first quarter ended April 30, from $129.6 million, or 59 cents per share, a year earlier.
Excluding items, the company earned 6 cents per share, above estimates of 3 cents.
Total revenue rose 15.3 percent to $559.9 million, beating estimates of $558.4 million.