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
An unidentified man set himself on fire early Wednesday afternoon in front of sightseers on the Ellipse park in downtown Washington, D.C., not far from the White House, authorities said.
The man, identified Thursday as Arnav Gupta of Bethesda, Maryland, died of his injuries later Wednesday after being transported to a local hospital, U.S. park police said.
The Ellipse is a 52-acre park area that lies south of the White House and north of the National Mall, in the heart of Washington. The fire occurred just north of the Washington Monument.
Secret Service spokesman Jeffrey Adams said in a statement Wednesday that the agency's Uniformed Division Officers "responded in seconds" after the "male individual lit himself on fire." Officers then began administering first aid to the man.
"The individual is being transported to a local hospital," Adams added.
A spokesman for the Washington Fire Department told CNBC that, "I can confirm that we've transported one patient with burns from the Ellipse and we're now on the scene assisting law enforcement," referring to Park Police and U.S. Secret Service officers.
Several outlets reported that the man's injuries were life-threatening.
Alina Berzins, a 17-year-old recent high school graduate from Lorton, Virginia, told CNBC that she was visiting the National Mall with two of her cousins from Bolivia when "we saw this man" on the Ellipse and "he starts running, and then we saw him covered in flames."
"He started to walk" and then "cops started coming to the area and he collapsed," Berzins said. The fire then was extinguished, she said.
Berzins said that she and the other passersby in the area were stunned by the sight of the man.
"Everybody was in shock," Berzins said. "I was in shock."
Berzins' father posted on Twitter a video that his daughter took of the incident.
She said that several dozen law-enforcement officers flooded the scene and were joined by a helicopter overhead and multiple Fire Department vehicles.
A White House spokesman had no immediate comment.
The man's motive for setting himself on fire remains unclear.