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
The stream is slated to start at 2:30 pm ETThe Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on May 1 after the Fed's previous policy-making 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
Federal Reserve Chairman Jerome Powell said the case for a rate cut at central bank's Wednesday meeting is not strong enough.The Fedread more
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The Federal Open Market Committee's quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.The Fedread more
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
The Federal Reserve lowered its inflation forecast for 2019 while keeping the growth expectations unchanged.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
Apple has acquired Tueo Health, a small start-up that was developing a system to help parents monitor asthma symptoms in sleeping children, according to a person familiar with the deal.
It's unclear how much Apple paid for Tueo Health. The start-up raised a small seed round of $1.1 million in funding in 2017. Tueo's CEO and co-founder Bronwyn Harris and chief operating officer Anura Patil changed their employer to Apple on their LinkedIn profiles in late 2018, which is likely around the time Apple completed its acquisition of the company.
An Apple spokesperson declined to comment.
Tueo Health was developing a mobile app that worked with commercial breathing sensors to help manage asthma symptoms in children. The app would send alerts to parents if their child's breathing changed at night.
Apple has been adding more health features across its products, especially the Apple Watch. The latest version of the Apple Watch can perform an electrocardiogram and detect when a user falls, for example.
Apple is also expected to revamp its Health app for iPhones with new features such as tracking menstrual cycles as part of its iOS 13 update, according to Bloomberg. Apple is expected to announce its new iOS 13 features at its annual developers conference on June 3.
Apple CEO Tim Cook has also touted Apple's ambitions in health technology. He told CNBC's Jim Cramer in January of this year that he thinks health care will be "Apple's greatest contribution to mankind."
Apple is only known to have made two other health-care acquisitions. It bought a start-up called Gliimpse, which was developing technology to aggregate medical records, in 2016. It bought Beddit, a company that makes sleep sensors, in 2017.
Apple makes several small acquisitions like this each year. CEO Tim Cook told CNBC's Becky Quick earlier this month that Apple buys a new company every few weeks, adding that the company is "primarily looking for talent and intellectual property."