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
Beyond manufacturing, the Chinese economy is doing well, said Andy Rothman, Matthews Asia investment strategist, on Friday.
"If we focus too much on the heavy industry and construction and manufacturing, that stuff is definitely slowing down," he told CNBC's "Power Lunch."There's definitely a rust belt in China, but then we lose sight of the fact that this is now an economy driven by consumers and services and that stuff is still doing really well."
Rothman said that it is important to consider the fact the Chinese economy is still "rebalancing and restructuring" and therefore not necessarily slowing down.
In his view, Americans seem to be more concerned about the slowdown than the Chinese in China.
"I spent a month traveling around China and, you know, it was pretty hard to find any Chinese person who was concerned that the Chinese economy is doomed, whereas you come back here and that's pretty much what everybody's focused on," he added.
Jeff Richards, GGV Capital managing partner and an early Alibaba backer said that for tech companies, China presents its own set of problems.
"China is a tough place to do business," he said in an interview on CNBC's "Squawk Alley" on Friday. "I don't think it's getting easier, but think the American companies are finding relationships and local partnerships that maybe are better than they've ever been."
But he said that despite the difficulties of the market, American companies need to get in because China continues to grow.
"It's a hard market to do business but it's a market that American tech companies can't ignore. If you want to produce high growth in the next five to 10 years, you've got to be in China."
—CNBC's Ritika Shah contributed to this report.