The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and also apply those discounts to private health plans.Health and Scienceread more
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.Delivering Alpharead more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his longtime accounting firm Mazars.Politicsread more
A new Hollister store is coming later this month to New York, right down the block from Macy's, Target and Victoria's Secret in the busy Herald Square shopping district.Retailread more
The Amazon CEO spoke in Washington D.C. about the company's sustainability efforts.Technologyread more
The former CEO of Overstock announced that he's dumped all of his equity and blamed both the "deep state" and the government for his exit.Marketsread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
A decline in mortgage rates throughout much of the summer has helped buyers.Housingread more
Jay Clayton, opening speaker at the Delivering Alpha conference, also cautions about the difficulty of "price discovery" for investors trying to cash in on crypto.Delivering Alpharead more
Gelson's, an upscale grocery store chain with 27 locations across Southern California, will sell 12-ounce packages of the Impossible Burger.Food & Beverageread more
Apple's $147 billion cash pile accounts for 10 percent of overall cash held by U.S. corporates, according to Moody's Investors Service, up from 9.5 percent at the end of 2012.
U.S. corporates held a total of $1.48 trillion in cash as of 30 June 2013, up 2 percent from the previous record $1.45 trillion at the end of 2012. The survey covers 1,067 non-financial companies based in the U.S. and rated by Moody's.
(Read more: Companies spending cash on investors, not workers)
Yet Apple's cash hoard is almost double that of Microsoft, for example, which has $77 billion.
Apple has been active in returning cash to shareholders over the past 18 months. In April, the company pledged to spend $60 billion in buying back its stock by the end of 2015. By June, it had re-purchased $16 billion worth of its stock.
However, investors including billionaire activist investor Carl Icahn believe the company should do more. Icahn revealed on Tuesday that he had dinner with Apple CEO Tim Cook and urged him to increase its stock buyback program.
Icahn said in August that if Apple would issue a larger share buyback, the stock could be worth as much as $700 a share. Apple shares traded at $487.96 on Tuesday.
(Read more: Apple shareholders cross fingers for bigger buyback)
Cash not confined to techs
After the technology sector, the healthcare and pharmaceutical industry is the next most cash-flush sector, according to Moodys. Pfizer, for example, is sitting on a $50 billion cash pile.
— By CNBC's Ansuya Harjani; Follow her on Twitter @Ansuya_H