The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
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
CNBC's Jim Cramer said investors will know that things are "really bad" if regulators give money market funds the leeway to avoid letting their share prices fall below $1, known as "breaking the buck."
"Watch for the regulators coming out and saying the money market funds will not break the buck. That's going to be a sign that things are out of control," he said Wednesday on "Squawk Box."
Cramer went on to say that "you're going to have to break the buck if they own short-term paper ... and if the regulators give them an excuse by saying, 'Hey guys it's over. We're defaulting.' "
While markets are rallying on hopes of a debt deal, some investors are still concerned about what will happen if the U.S. defaults on its debt.
If lawmakers fail to reach a deal by Thursday, the government will by law not be able to add to the national debt and will have to depend on incoming revenue and about $30 billion in cash to meet obligations.
—By CNBC's Karma Allen.