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
Denmark's central bank cut its key policy rate on Thursday for the fourth time in three weeks, dropping it to -0.75 percent, and said it would continue to defend the crown currency's peg to the euro.
The cut of 25 basis points was bigger than the three cuts of 15 basis points each and brought the rate to the same level as in Switzerland. Analysts had expected such a move, which makes owning Swiss and Danish assets relatively equally attractive.
It left its other rates unchanged.
In a rare move, the central bank also issued a brief statement from Governor Lars Rohde.
"The fixed exchange rate policy is an indispensable element of economic policy in Denmark—and has been so since 1982," Rohde said.
"The Danish National Bank has the necessary instruments to defend the fixed exchange rate policy for as long as it takes. There is no upper limit to the size of the foreign exchange reserve."
As well as cutting rates, the central bank has spent over 100 billion Danish crowns ($15 billion) intervening in the foreign currency markets in January. But because it is selling crowns to buy foreign currencies, that builds up its reserves.
Last week, the central bank said the finance ministry would suspend government bond issuance as another way of reducing demand for the crown and forcing down yields on existing debt, which again should make Danish assets less attractive.
"It is not a question of whether the central bank will maintain the close peg to the euro but purely a question of how much interest rates will be slashed and how much currency reserves will swell before the bank manages to stabilize the situation," said Nordea Senior Analyst Jan Storup Nielsen.
"We expect the central bank to stabilize the situation relatively quickly as it has a strong interest in doing so to avoid a self-sustaining speculative spiral picking up speed," he said in a note.