Investors largely expected the FOMC to cut rates by a quarter point.The Fedread 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
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread 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
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
Stocks closed little changed after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders.US Marketsread more
A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
SunPower stock dropped 3.67 percent after guiding estimates lower for next year, but CEO and President Tom Werner said Thursday that he remains optimistic about the company's future.
"It's all about the holdco," he said. "And then if you look at the big picture, we said we're going to triple capacity in the next five years. We're doing great in China. The fastest growing market in the world. So I think I'd say we'll be back."
The second-largest maker of solar panels in the United States issued a lower-than-expected 2015 earnings forecast of $1.10 to $1.50 per share. SunPower stock closed at $28.08, down 5.8 percent year to date.
On CNBC's "Fast Money," Werner touted the company's increasing ability to give energy consumers a choice.
"We've gone from making solar panels, solar systems to selling solar electricity. And the future is solving energy for the consumer of energy and giving them more options. Giving them freedom," he said. "Today you have no choice. You just write a check. We add storage, we add the micro inverter. We add energy management. Now we're going to free up, the consumer is going to have so much more control over their energy bill."
Werner also said that solar stocks, which have largely traded along with oil prices, would eventually disconnect from their fossil-fuel bretheren.
"You'd have to see oil go in half. And it would still make sense in the Middle East to go solar. So the sensitivity of oil was de minimis," he said. "Only 10 percent of electricity in the world is produced with oil. So the correlation shouldn't be there and in the long run it won't be there."