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
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
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
The vote makes Mexico the first of the three countries to win legislative approval for the trade agreement.Politicsread more
"Well, we're looking at it. People have a right to do what they want to do. I think it's something that I've been looking at and I've been thinking about and I'm the one that brought up the pipeline problem," Trump told reporters during an appearance with Polish President Andrzej Duda.
Trump has claimed since last year that Germany is captive to Russian energy exports. Like past U.S. presidents, he opposes the Nord Stream 2 pipeline, which would run beneath the Baltic Sea alongside an existing line linking eastern Russia and northern Germany.
The U.S. and many European nations fear the pipeline would help Russia bypass infrastructure in Ukraine, allowing Moscow to use energy supplies as a weapon against its neighbors without disrupting flows to Western Europe.
Russia and Germany assert Nord Stream 2 is a purely economic project. Russian energy giant Gazprom is building the line, with financing from European companies including Royal Dutch Shell and Wintershall.
Sen. Ted Cruz, R-Texas, and Sen. Jeanne Shaheen, D-N.H., last month filed a bill that would impose sanctions on vessels used to build Nord Stream 2. Energy Secretary Rick Perry and other administration officials have also raised the prospect deploying sanctions to block construction.
The Trump administration is seeking to displace Russian pipeline supplies to Europe with U.S. exports of liquefied natural gas, a form of the fuel chilled to liquid form for transport by tanker ship.
On Wednesday, the Polish Oil and Gas Co. signed an agreement to purchase an additional 1.5 million tons per year from Venture Global's proposed Plaquemines LNG export terminal south of New Orleans. The deal increases the Polish state-controlled company's committed purchases from Plaquemines to 2.5 million tons per year.