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
The biggest American automaker is talking to banks about options for the unit, including listing a separate stock or spinning it off from GM, the report said.
However, GM may not take any such steps for another two years, if at all, Bloomberg said.
GM was not immediately available for comment.
Shares of the automaker were up slightly on Friday afternoon.
Cruise recently garnered attention when Japanese conglomerate Softbank said at the end of May it will invest $2.25 billion in the unit. GM first bought Cruise in 2016 when it was a startup with about 50 employees.
Since then Cruise has been testing autonomous driving technology on Chevrolet Bolt electric cars in a few different U.S. cities, including San Francisco, Phoenix, Arizona, and the Detroit area.