CNBC

A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and dissents from two top officials. The Federal Open Market Committee, the group that sets the overnight borrowing rate, voted 9-2 to stay on hold. The federal funds rate will continue to be set in a range between 4.25%-4.5%. The level sets what banks charge each other for overnight lending, but influences a slew of other rates across the economy. However, the decision met opposition from governors Michelle Bowman and Christopher Waller, both of whom have advocated for the Fed to start easing in acknowledgement that inflation is under control and the labor market could start weakening soon. This was the first time since late 1993 that multiple governors cast no votes on a rate decision. Read more: cnb.cx/3J9dbxK

A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and dissents from two top officials. Read more: cnb.cx/3J9dbxK

A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and dissents from two top officials. Read more:

Geothermal energy has been used for thousands of years. It’s getting a big upgrade. Superhot geothermal uses ultra-deep drilling to access extremely hot rocks, extracting 5 to 10 times more power per well. Quaise Energy, a Massachusetts-based startup, is in the market developing the technology, which involves an electromagnetic beam that vaporizes rock. CNBC's Diana Olick has more. cnb.cx/3GRAwU9

September Letters co-founders Brittany Snow and Jaspre Guest shared their advice for how women can take care of their mental health at the Create & Cultivate Festival.

Don't get me wrong, #apartment #rents are still much higher than they have been historically, compared to incomes. Ask any 20-something in a large city, and odds are they're paying close to half of their paychecks on rent. The dynamic here is more big picture. The multifamily market saw just an historic surge in construction, and now it's working through the system. Most interesting is how fast that's happening, because the for-sale #housing market is so weak. Details below. CNBC Apartment List

Katy Punch has worked as a librarian in North Carolina for more than a decade — a stretch of time that makes her eligible to get her federal student debt excused under the Public Service Loan Forgiveness program. PSLF, which President George W. Bush signed into law in 2007, allows certain not-for-profit and government employees to have their federal student loans canceled after 120 payments, or 10 years. However, recent changes to the student loan system have made it difficult, if not impossible, for public servants to access that relief.

Geothermal energy has been used for thousands of years, powering heating systems as early as the 14th century. It's getting a big upgrade. Beyond geothermal, there's superhot geothermal, which uses ultra-deep drilling to access extremely hot rocks, extracting 5 to 10 times more power per well. Quaise Energy, a  Massachusetts-based startup, is in the market developing the technology, which involves an electromagnetic beam that vaporizes rock. The company's systems are able to reach superhot geothermal energy up to 12 miles below the service of the earth.

President Donald Trump said Wednesday that India will pay a tariff of 25% beginning Aug. 1, in addition to a “penalty” for what he views as unfair trade policies and for India’s purchase of military equipment and energy from Russia. The 25% tariff rate is modestly lower than what he imposed on India on “Liberation Day,” when he announced a 26% rate on the key trading partner. Read more: cnb.cx/3IQjOoN

Microsoft is scheduled to report fiscal fourth-quarter results after markets close on Wednesday. Here's what analysts are expecting, according to LSEG consensus: The estimates imply around 14% year-over-year revenue growth for Microsoft, the world's No. 2 company by market cap. Revenue in the same period a year earlier came in at $64.73 billion.