The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
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
Check out the companies making headlines after the bell:
Pivotal Software shares tumbled more than 20 percent in after-hours trading despite reporting second-quarter earnings numbers that beat on both the top and bottom line. The San Francisco-based company reported revenues of $164.4 million, higher than the $158.2 million analysts expected. The company also reported a loss of 6 cents per share, less than the 9 cents per share loss expected by analysts.
Progenics Pharmaceuticals stock dropped more than 16 percent in the extended session after being halted, following an announcement that the Phase 3 clinical trial for its prostate cancer imaging agent failed. "These top line Phase 3 results of 1404 are inconsistent with the prior Phase 2 data, which showed significantly higher sensitivity rates," said CEO Mark Baker.
Oxford Industries shares fell as much as 6 percent in the extended session after the company, which owns clothing brands including Lily Pulitzer and Tommy Bahama, reported second-quarter earnings. The company reported earnings per share of $1.83 according to Reuters, which was in line with analysts' estimates. The company also reported $302.6 million in revenue, according to Reuters, lower than the $306.1 million expected by analysts.
Tailored Brands stock rose nearly 7 percent in after-hours trading after the company reported second-quarter earnings. The company, which owns apparel brands Men's Wearhouse and Joseph A. Bank, reported earnings per share of $1.07 according to Dow Jones, higher than analysts' estimates of $1.06 per share. The company also reported $823.4 million in revenue according to Dow Jones, lower than the $828.4 million expected by analysts.