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
Tesla sales in China should hit around 6,400 vehicles this quarter, but the Shanghai factory won't be able to manufacture Model 3s in volume until mid-2020, according to JL...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
European shares closed higher on Tuesday, as investors reacted to corporate earnings and news of fresh sanctions against Russia.
Earnings buoys sentiment
The pan-European FTSEurofirst 300 closed provisionally 0.3 percent higher at 1,373. The U.K. benchmark FTSE 100 closed unofficially 0.3 percent higher, while the French Cac and German Dax were up 0.4 percent and 0.6 percent respectively.
Markets were boosted after Wall Street opened higher, although some disappointing earnings from heavily weighted blue-chip companies capped those gains.
UBS shares closed roughly 1.8 percent lower, despite the bank posting a rise in second-quarter net profit on Tuesday. Analysts at Citi were concerned that the bank's outlook was cautious, with geopolitical risks and underlying challenges seen as still a feature in its upcoming quarter.
Meanwhile, shares of BP closed down around 2.5 percent. The oil major announced a 34 percent rise in profits Tuesday, but highlighted concerns over its Russian joint venture, given the current geopolitical uncertainty.
Shares of Deutsche Bank closed roughly flat after its second-quarter earnings results showed a 16 percent rise in pre-tax income.
The European Union reached a deal on Tuesday to impose economic sanctions against Russia, targeting its oil industry, defense and sensitive technologies, Reuters reported, citing diplomats. The new, wider measures are in reaction to Russia's alleged involvement in the violence in eastern Ukraine, and come after the shooting down of a passenger jet earlier in the month.
Key risk-events later this week will remain in focus for European traders on Wednesday. The U.S. Federal Reserve's monetary policy decision is due during the day and the central bank is expected to cut its monthly asset purchases by another $10 billion to $25 billion. U.S. second-quarter gross domestic product and China's official purchasing manager's index (PMI) are also on tap this week.
Follow us on Twitter: @CNBCWorld