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
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 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
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
German antitrust officials are investigating whether Amazon is preventing fair competition in the country's online marketplace.
The Bundeskartellamt (Federal Cartel Office) said in a press release Thursday it had "initiated an abuse proceeding" over the online giant's treatment of third-party sellers on the website Amazon.de.
"Because of the many complaints we have received we will examine whether Amazon is abusing its market position to the detriment of sellers active on its marketplace," said Bundeskartellamt President Andreas Mundt.
The statement added a list of practices that might be considered abusive practice by Amazon, including withholding payments, blocking seller accounts without explanation, and use of sellers' information.
The office said it would also closely examine if Amazon's dominance is hindering other online retailers and if sellers have become dependent on Amazon to make sales.
A separate investigation into Amazon's use of data is already underway by the European Union's Competition Commission.
Margrethe Vestager, who runs the commission, is targeting Amazon over concerns it is sucking up product data from successful rival sellers and then bringing cheaper copycat products to market.
The German cartel office said that while it would keep focusing on Amazon's impact on German sellers, the two probes would "supplement each other."
A spokesperson for Amazon told CNBC via email on Thursday that the firm was ready to "cooperate fully with the Bundeskartellamt and continue working hard to support small and medium-sized businesses."
The firm added that "tens of thousands" of small and medium sized German firms use Amazon.de, and through the platform more than 70 percent export products to customers around the world.