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
Samsung is postponing its China launch event for its foldable smartphone just days after incidents with defective screens on the nearly $2,000 device and has pushed back the release of the device globally.
The South Korean electronics giant had scheduled an event in Shanghai for April 24 to launch the Samsung Galaxy Fold. A spokesperson confirmed that had been canceled but had no official statement to give. It's unclear for when that event will be rescheduled or when the phone will be available in China.
The screen on Samsung's device can fold in half and open up again to give users a large display. However, journalists who reviewed the product over the past few weeks reported issues with the screen. Some of the reviewers removed a protective film which covered the screen, which appeared to result in some problems with the display.
But CNBC did not remove that film during its review, and his screen ended up flickering and turning off and on at a rapid pace.
Samsung told said in a statement that the Galaxy Fold "needs further improvements" before it releases the phone to consumers.
In a statement following the reports of damaged screens, Samsung advised users not to remove the protective film and said it was looking into the issue.
"We have received a few reports regarding the main display on the samples provided. We will thoroughly inspect these units in person to determine the cause of the matter," the company said.
- CNBC's Todd Haselton contributed to this report.