The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Market focus is largely attuned to the Federal Reserve, with the U.S. central bank scheduled to publish its latest meeting minutes.Bondsread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Lip Sync Live lets users try their hand at belting out top hits in real time using Facebook Live. The feature, which is being tested in a few markets, will also allow users to friends sing along with them using its "Live With" feature. Camera effects can be added the same as any Facebook Live video. Though the videos are streamed live, they can be posted and rewatched at a later date.
The product is very similar to karaoke apps that have found an audience with teen and tween audiences. Arguably the most well known of those apps, Musical.ly, reached 60 million monthly active users in November 2017. It was acquired by Chinese company Bytedance in November, in a deal reported to be worth between $800 million and $1 billion.
And Facebook could benefit from developing a feature with a teen following. A recent Pew study showed usage of the main Facebook app was declining among 13 to 17-year-olds, with only 51 percent of survey takers saying they used the service.
The company also announced plans to allow people to use licensed music in their videos, which will start rolling out globally on iPhones.
Facebook has been signing multiple licensing deals with major record labels over the last year, leaving people speculating on its music ambitions. Today's announcements shed light on their plans. The company added it was working on allowing licensed music to be included in Facebook Stories, as well as other music-focused endeavors across all its apps.