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
Check out the companies making headlines after the bell:
Shares of CSX dropped about 2 percent after hours on Wednesday. The rail transportation company reported an earnings beat on the top and bottom line. CSX earned $1.01 per share this quarter, beating Wall Street's estimates slightly. The company's quarterly revenue was $3.14 billion. CSX also announced a new $5 billion stock buyback program.
Shares of Alcoa rose over 3 percent in after hours trading Wednesday, but its stock later gave up those gains. The top U.S. aluminium producer reported better than expected quarterly earnings. Alcoa earned 66 cents a share, beating Wall Street's estimates which were 50 cents a share. The company's quarterly revenue was $3.34 billion, slightly better than the $3.33 billion expected by Wall Street.
PG&E Corporation rose as much as 12 percent after market close on Wednesday. The stock closed positive for the day but is down over 70 percent for the month. The move comes after the company announced Monday it will likely file for bankruptcy after facing at least $30 billion in expected costs related to California's deadly 2017 and 2018 wildfires.