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
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
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 such as 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
Microsoft announced on Thursday a free version of its Teams app, stepping up competition with chat service Slack.
Until now, Microsoft only provided Teams to clients that pay for Office 365 and its portfolio of subscription productivity apps. Slack has offered both free and premium options since its public launch in 2014.
In promoting a free service, Microsoft may be leaving money on the table in the short term, but the company is betting that it will lure customers who will eventually be drawn to pay for Office as they grow and need more services and professional support. The free tier is limited to 300 users.
Slack isn't the only competitor in the space. Last year Google introduced a Slack rival called Hangouts Chat as part of its G Suite bundle, less than six months after Microsoft unveiled Teams. Facebook also offers a chat app for work.
With all of those options, an easy and free on ramp has become that much more important.
"We wanted to remove all barriers to entry for all business, individuals and work settings to be able to use it," said Lori Wright, general manager for Office 365 collaboration apps, in an interview. "I suspect that people will find ways to use the software in all aspects of their lives, whether personal or for work, but our design lens is for work."
Microsoft doesn't view the free service as a lightweight version of the paid offering, as is the case with Slack. It's including availability in more languages and offering increased storage space, messaging search features and more integrations of third-party tools. It will also let users make group video and voice calls, while Slack's free tier only enables calls between two people at a time.
Later this year Microsoft will enhance the free version of Teams with smart features, like translation of messages into different languages and a way to blur the background on video calls, to prevent messy rooms and other things from being seen by others.
Perhaps most importantly the free edition of Teams will give users a way to access some of the most prominent Office apps — Word, Excel, PowerPoint and OneNote — which are integrated right into Teams. Customers get file storage courtesy of SharePoint and OneDrive.
Not everything is included in the free product. Email hosting through Exchange or Outlook still requires clients to pay. But there's no guarantee clients will need it, as chat apps like Team and Slack are designed to lessen reliance on email for internal communication.