Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared to the 25 basis point reduction for the benchmark funds rate.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread more
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.The Fedread more
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more this year.The Fedread more
The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.Market Insiderread more
For consumers, lower rates do mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. n the flip side, you'll earn...Personal Financeread more
Gold edged lower on Wednesday but held about the key $1,500 per ounce level after the U.S. Federal Reserve decided to cut interest rates.Futures & Commoditiesread more
As the Federal Reserve lowers rates, some banks are pulling back their offerings on their savings accounts and certificates of deposit. Even so, they are still pretty good by...Personal Financeread more
Steam Link, a free app that enables gamers to play PC games on mobile devices, is now available to download on Apple's platforms, including the iPhone, iPad, and the Apple TV.
The introduction of Steam Link on Apple devices is a surprise after an episode in May 2018 in which Valve, Steam's parent company, publicly said that Apple's App Store had rejected the app for "business conflicts."
Steam Link uses the processing power of a desktop or laptop PC to stream graphically-intensive games purchased on Steam to mobile devices or set-top boxes over a home network.
Games are a major component of Apple's App Store, and Steam is essentially a cross-platform app store for PC games. App Store rules allow Apple to reject any app that includes a distribution platform for apps, but last summer, Apple updated its guidelines to enable mirroring services like Steam Link, as long as purchases are made on the desktop.
"We would love for Valve's games and services to be on iOS and AppleTV," Apple's senior vice president for marketing, Phil Schiller, said in an email to some customers last May. "Unfortunately, the review team found that Valve's Steam iOS app, as currently submitted, violates a number of guidelines around user generated content, in-app purchases, content codes, etc."
Steam Link has been available for Android users in beta since last year. In March, Apple announced Apple Arcade, a subscription service of Apple-backed games for iPhones and other Apple devices.
The Steam Link app requires a 5Ghz wi-fi network or a wired ethernet connection. It supports the Steam controller, as well as controllers made for iPhones and iPads, the company said in a statement.
Apple didn't immediately return a request for comment. A Valve representative did not specify if any changes have been made to the Steam Link app in order to secure Apple's approval.