Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
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
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread 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
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
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread 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
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 short-term fix to the U.S. debt ceiling is a "starting condition" for Nestle's continued growth in America, the company's chief executive told CNBC on Thursday, but warned that further uncertainty would only discourage demand.
"I think it is a good thing that the start of a solution, the possibility of a solution is there… It really creates some stability in the environment and we need some stability, because consumer confidence is so importantly linked with that," said Nestle CEO Paul Bulcke, in an exclusive interview.
"To have some stability around is a good start, or starting condition, for continuing our growth in the United States," he added.
The Belgian chief executive's comments came one day after in Washington struck a short-term deal to reopen government and raise the U.S. . The agreement means government agencies will be funded until January 15, and the government can continue to borrow until February 7.
(Read more: )
Nestle — which manufactures KitKat chocolate bars and Maggi soups, and is the world's largest food group by revenue — employs around 45,000 people in the U.S.
Bulcke said that U.S. consumer confidence suffered "little ups-and-downs", which had been aggravated by the government shutdown and budget impasse.
"Sometimes we see a little pick-up, and we are all enthusiastic, but then you have what we just saw. It doesn't help. People say 'Wait, we never know what is going to happen,' and uncertainty creates an environment of no consuming, holding back and that is not very propitious for our business," he said.
Nestle reported results for the first nine months of the year on Thursday that narrowly missed expectations. Underlying sales growth came in at 4.4 percent on revenue of 68.4 billion Swiss francs ($75.7 billion), lagging the 69.3 billion Swiss francs estimated by a Reuters poll of analysts.
The disappointing numbers follows several quarters of weak performance, as the company grapples with sluggish demand in the U.S. and austerity-hit Europe, and slowing growth in emerging markets.
Nonetheless, Nestle held its growth outlook of 5 percent organic growth for the full-year, and Bulcke said he was confident the global economic outlook was improving.
"Are we missing expectations, or are expectations missing reality? That nervousness I don't have," he told CNBC.