The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
In a move set to frustrate Turkey's leaders further, the country's central bank decided Tuesday not to hold an heavily anticipated emergency rate-setting meeting after new data showed the country's inflation fell by less than one percent last month.
According to the official Turkish statistics agency, annual inflation for the month of January fell to 7.24 percent from 8.17 percent in December -- still higher than analysts had expected, but not enough to trigger an emergency monetary policy meeting on Wednesday .
The Turkish Lira, which was trading near record lows against the US dollar, gained strength in reaction to the figures.
Read More Turkey is 'delighted' by ECB QE
Turkish central bank governor Erdem Basci earlier explained an extraordinary meeting was on the cards should the decline exceed one percentage point. Inflation has consistently come in above the bank's official target of five percent in recent months, resulting in speculation that a rate cut was premature.
"Inflation indicators continue to improve in recent months owing to the implementation of cautious monetary and liquidity policies," the central bank said in a statement Tuesday.
Nonetheless the meeting, which will now take place as scheduled on February 24, comes at a time of tensions ahead of parliamentary elections in June with concerns about the central bank's independence. President Recep Tayyip Erdogan, long a vocal critic of the bank's policies, reaffirmed his frustrations over the weekend.
"They're simply going to drive one mad. They say they will cut interest rates if inflation falls, this is not a proper understanding…this is the wrong logic," he said on Saturday – even though the European Central Bank had cut its interest rates to near-zero after inflation in the euro zone fell into negative territory.
"It is unlikely Tuesday's decision will calm tensions between the bank and the government," said Ozgur Altug, research chief economist at BGC Partners.
"Case dismissed; problem solved without complicating things further, but politicians will continue to criticize CBT harshly...In that scenario, probably TL (the Turkish Lira) will re-appreciate, but the appreciation could be a limited one."
The central bank surprised markets at its last monetary policy committee meeting on January 20 when it cut rates more than anticipated from 8.25 percent to 7.75 percent.
As a major importer of oil, Turkey's economy has been a beneficiary of the recent slide in crude oil prices, helping ease pressure off an already shrinking current account deficit.
Economic growth in the first nine months of a turbulent 2014 came in below government expectations at 2.8 percent, characterized by weaker investment and private consumption.
Follow us on Twitter: