Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared to the 25 basis point reduction for the benchmark funds rate.The Fedread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
The report, published by Rep. Carolyn Maloney, used data from the Giffords Law Center to Prevent Gun Violence and the Centers for Disease Control to estimate the cost of gun...Politicsread more
Russia slammed Trump's decision to tighten sanctions on Iran following strikes at a crude-processing plant and oil field in Saudi Arabia.Politicsread 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
Federal prosecutors and commodity regulators have broadened their investigation into spoofing activity after receiving information from traders questioned for spoofing-related...Marketsread more
General Motors announced on Wednesday that it plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at U.S. plants during...Autosread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the...Technologyread more
Check out the companies making headlines after the bell Tuesday:
Shares of Microsoft rose as much as 3.3 percent after hours following the company's earnings beat on Tuesday. The technology company posted fourth-quarter earnings per share of 69 cents on revenue of $22.64 billion. Its key cloud product saw revenue grow 102 percent.
Discover Financial dropped as much as 3 percent after hours after the company released its second-quarter results. The payment service company reported adjusted earnings of $1.47 per share, beating analysts' expectations of $1.42 per share. Revenue was $2.22 billion for the quarter, just shy of $2.23 billion.
Cintas shares increased more than 3 percent after hours after beating analysts' expectations with earnings per share of $1.08 for its fourth quarter of fiscal 2016. The uniform rental company reported revenue for the fourth quarter was $1.27 billion, an increase of 11.3 percent over the prior year period.
Cintas' CEO Scott D. Farmer said he expects "fiscal 2017 revenue to be in the range of $5.150 billion to $5.225 billion and fiscal 2017 EPS from continuing operations to be in the range of $4.35 to $4.45."
Intuitive Surgical rose as much as 6.8 percent in extended trading after passing expectations on second-quarter profit. The company, which specializes in the emerging field of robotic-assisted minimally invasive surgery, "reported much higher than expected second-quarter profit, driven by an increase in sales of its da Vinci surgical robots .... The company during the quarter shipped 130 da Vinci systems, which sell for about $1.5 million each, up from 110 in the prior quarter and 118 a year ago," said Reuters.