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
With the Federal Reserve deciding not to cut interest rates but leaving the door open for future cuts, experts are split on what comes next.Trading Nationread 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
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
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
President Donald Trump on Sunday lashed out at Republican Rep. Justin Amash over his call for Trump to face impeachment for allegedly committing obstruction of justice.
Amash, a libertarian who often goes against Republican orthodoxy, broke with his party over the weekend to call for impeachment, arguing that Congress risked encouraging future misconduct if it did not live up to its constitutional duty.
Trump said Amash "opposes me" and accused him of trying to garner name recognition by stirring controversy. He again claimed that the Mueller report found "no collusion" and "no obstruction."
In fact, Mueller did not investigate collusion, which has no legal definition. The special counsel documented extensive ties between Trump campaign officials and Russians, but concluded that there was not sufficient evidence to establish a conspiracy or coordination between the Kremlin and the Trump campaign during the 2016 presidential election.
On the question of obstruction, Mueller did not reach a conclusion, but pointedly declined to exonerate the president. His investigation documented numerous instances in which the president may have attempted to obstruct justice. Amash cited these instances as the reason for his call for impeachment.
Though Amash has broken with the Republican Party, it's unlikely many GOP members of Congress will follow his lead. The party has stood firmly behind Trump in the wake of Mueller's findings.
Sen. Mitt Romney, who has repeatedly and publicly criticized Trump's conduct, called Amash's stance "courageous" but said he does not believe the Mueller report establishes obstruction of justice and impeachment is not realistic.