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
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe 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
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
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
For those who want more power, the new Gran Coupe comes with a brutish, 523-horsepower twin-turbo V-8.Autosread more
The vote makes Mexico the first of the three countries to win legislative approval for the trade agreement.Politicsread more
Check out the companies making headlines before the bell:
Dave & Buster's Entertainment – Dave & Buster's reported quarterly profit of $1.13 per share, missing consensus estimates by a penny a share. The restaurant chain's revenue also fell short of forecasts, as comparable sales declined by 0.3%. The company also lowered its full-year forecast.
Raytheon, United Technologies – The merger deal between the defense contractors is opposed by activist investor William Ackman, who owns a significant position in United Technologies. Ackman wants the company to call off the deal, according to a letter sent to CEO Greg Hayes and seen by The Wall Street Journal. Ackman said the deal makes no strategic sense.
Medidata Solutions – The medical cloud software company agreed to be acquired by French software maker Dassault Systems for $5.8 billion in cash or $92.25 per share. Medidata had closed Tuesday at $94.75.
PepsiCo – PepsiCo executive Laxman Narasimhan was named the new chief executive officer at British consumer products giant Reckitt Benckiser. Narasimhan is PepsiCo's global chief commercial officer, and will become CEO at Reckitt on September 1.
Qualcomm – Qualcomm is running into opposition, as attempts to put an antitrust decision against the chipmaker on hold while it pursues an appeal. Both the Federal Trade Commission and Korea's LG Electronics registered their opposition, with LG saying it was worried it might be forced into signing what it calls another unfair patent licensing agreement.
Mattel – The toy maker rejected a second takeover offer from Bratz doll maker MGA Entertainment, according to emails that MGA CEO Isaac Larian shared with Reuters. Mattel's chief legal officer told Larian that the company's board felt that the latest proposal was not in the best interests of Mattel and its shareholders. MGA had first approached Mattel about a takeover in April 2018.
Tesla – CEO Elon Musk told the automaker's annual shareholder meeting that the company had a "decent shot" at a record quarter, as he sought to allay concerns about demand for Tesla's electric vehicles.
Marsh & McLennan – Marsh & McLennan was downgraded the "market perform" from "outperform" at Keefe Bruyette & Woods, with the firm citing valuation for its call on the insurer's stock.
Brinker International – The restaurant operator was upgraded to "outperform" from "market perform" at Telsey Advisory Group. Telsey points to potential upside from the Chili's parent from its partnership with restaurant delivery service DoorDash.