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 before the bell:
Goldman Sachs – Goldman reported quarterly profit of $6.04 per share, well above the consensus estimate of $4.45 a share. Revenue also beat forecasts, with a 12 percent increase year over year to the highest level since 2010.
BlackRock – The asset management giant reported adjusted quarterly profit of $6.08 per share, below the consensus estimate of $6.27 a share. BlackRock also announced it was raising its dividend to $3.30 per share from $3.13.
Bank of New York Mellon – The bank earned an adjusted 99 cents per share, 7 cents a share above forecasts. Revenue was very slightly below estimates. Bank of New York Mellon also said it would be focusing "keenly" on managing it expenses this year.
United Continental – United reported adjusted quarterly profit of $2.41 per share, beating the consensus estimate of $2.04 a share. The airline's revenue also came in above estimates, amid an increased customer count prompted by an expansion of its domestic network.
PG&E – PG&E is being removed from the S&P 500 index, amid the utility's stock plunge as investors assess its potential liability related to last year's California wildfires. PG&E will be replaced in the index by medical device maker Teleflex.
Snap – Snap said its 2018 fourth-quarter results are expecting to be near the top end of its previously reported guidance. Separately, the social media company announced that chief financial officer Tim Stone will be stepping down to pursue other opportunities.
Salesforce.com – Salesforce is in talks to acquire privately held software developer ClickSoftware Technologies for about $1.5 billion, according to the Israeli financial news website Calcalist. ClickSoftware is currently owned by private-equity firm Francisco Partners.
Nordstrom – The retailer reported a 0.3 percent increase in comparable-store sales at its full-priced locations in November and December, less than expected. Nordstrom cites lower traffic at those stores, although it also said comparable sales at it off-price stores rose 3.9 percent during that same period. The stock has now been downgraded to "neutral" from "buy" at Goldman Sachs, which also removed it from its "Conviction Buy" list.
Gannett – The USA Today publisher is pursuing a purchase of digital publisher Gizmodo Media, according to The Wall Street Journal. The paper said, however, that the effort may hit a snag because of a takeover bid for Gannett by newspaper publisher MNG Enterprises.