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
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread 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 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
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
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
Shares of meal-kit service Blue Apron soared 28 percent Tuesday after the company said that it believes it will be profitable in 2019.
The company's stock, which has a market value of $230 million, had recently been trading below $1. At one point it fell as low as 65 cents. If the stock had remained below the dollar benchmark it would have been in danger of being delisted by the New York Stock Exchange. Since its initial public offering in June 2017, the stock has dropped by 88 percent. Tuesday's bump boosted its stock price as high as $1.35.
When the e-commerce company announces its earnings on Jan. 31, it said that it plans to reaffirm its confidence in being profitable during both the first quarter of 2019 and the full fiscal year.
To help lagging sales, Blue Apron has announced a number of partnerships. Last month, it launched a partnership with WW, formerly known as Weight Watchers, to bring healthy meals to consumers. The company said Tuesday that it has seen a "favorable consumer response" as a result of that partnership. The company also partnered with Jet.com, which is owned by Walmart, to deliver its meals across New York City.
The company also teased that it would share more innovations on its earnings call, including a new offering for brick-and-mortar stores.
Blue Apron has struggled to keep its subscriber numbers up in a crowded field of meal kit options. Users of meal kits are notorious for using deals to join a service and then quickly dropping out. This has led to high marketing costs as the companies try to build loyalty.
To rein in its costs, Blue Apron has recently laid off staff.