President Trump opposes a push to take the names of the Confederate leaders off military bases that has gained force after the death of George Floyd in Minneapolis police custody.
Uber had been in talks with Grubhub on an acquisition for about a year and a half but saw the deal slip away from the company in the last few days, sources say.
For consumers with good credit, historically low interest rates on mortgages and credit cards are an asset. But riskier borrowers are shut out of the relief.
The Fed also said it will continue to increase its bond holdings, targeting Treasury purchases at $80 billion a month and mortgage-backed securities at $40 billion.
Treasury yields fell on Wednesday as the Federal Reserve kept interest rates near zero and projected no increases in the near term as the economy recovers from the coronavirus pandemic.
Uber, which had been in on-and-off deal talks with Grubhub for more than a year, is likely to pull out of those merger talks over antitrust concerns raised about the potential deal.
Boeing has drawn up a flight plan to recertify the 737 Max that will demonstrate that the plane's updated flight control software allows it to safely operate in various scenarios, people familar with Boeing's plans said.
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policy-making meeting on April 29.
"Let's hope that this thing bottomed way in April and we're headed towards a terrific recovery in the second half of the year," NEC Director Larry Kudlow told CNBC.
Former Trump national security advisor Michael Flynn "has indeed committed perjury" in his statements to a federal judge, "for which he deserves punishment," a former judge said.
Cruise, General Motors' majority owned self-driving vehicle unit, has hired a former engineer of Tesla and electric vehicle start-up Lucid as its new head of safety.
Texas health authorities said there are currently 2,153 patients sickened with Covid-19 across its hospitals, making Wednesday the third-straight day of record-breaking coronavirus hospitalizations.
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