Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread 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
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US 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
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread 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
Elon Musk is recruiting Seattle in his quest to establish a human settlement on Mars, reports Bloomberg. The billionaire CEO is planning to build a Seattle engineering office to develop and launch satellites for his Space X company.
"We're going to try and do for satellites what we've done for rockets," Musk told Bloomberg from Space X headquarters. He also predicts that the office could potentially employ "several hundred people, maybe a thousand people."
The 43-year-old entrepreneur started the first commercial rocket maker in 2002 to deliver cargo to the International Space Station. His ultimate goal is to colonize Mars. The commercial satellite business could help generate the revenue to make that goal a reality.
Musk is also working on Tesla's latest addition, the Model X, which is a sport-utility vehicle with autonomous driving features. After earlier delays, it's set to release in the third quarter and is projected to be more popular with women than previous Tesla models.
Earlier this month Space X missed efforts to recapture a spent rocket, although the next attempt is scheduled for Jan. 29.
"So for the next flight we've got 50 percent more hydraulic fluid margins," Musk told Bloomberg. "We've got a real decent chance in about three weeks."