Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease liquidity markets.The Fedread more
Stocks fell on Wednesday after a divided Federal Reserve failed to signal easier monetary policy later this year, disappointing traders.US Marketsread more
Amazon is launching a new feature that allows presidential candidates to receive campaign contributions through the Alexa voice assistant.Technologyread more
The woman says the abuse by Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, began when she was just age 14 or younger.Politicsread more
Federal Reserve Chairman Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as...The Fedread more
The Federal Reserve cut rates Wednesday by 25 basis points to a range of 1.75% to 2.00%.The Fedread more
For consumers, lower rates do mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. n the flip side, you'll earn...Personal Financeread more
The Air Force's newly minted U.S. Space Command general said that he has recently met with billionaire space race investors Elon Musk, Jeff Bezos and Richard Branson.Investing in Spaceread more
The stock ended the day modestly lower. During the premarket, it was down 2 percent.
The airline said that it has canceled 427 flights because of the outage. Delta also said that it has operated 1,590 of its nearly 6,000 scheduled flights so far today.
Delta CEO Ed Bastian apologized to customers in a video, saying that the airline's employees are "working around the clock" to restore normal operations.
"I apologize for the challenges this has created for you with your travel experience. The Delta team is working very, very hard to restore and get these systems back as quickly as possible," Bastian said.
Delta said in an update at 8:40 a.m. EDT that the halt on departures had been lifted and some flights were resuming. In an earlier statement, it said a power outage in Atlanta at 2:38 a.m. ET, "impacted Delta computer systems and operations worldwide, resulting in flight delays and cancellations today."
The outage affected check-in systems, airport screens and the airline website and smartphone apps.
— CNBC's Jodi Gralnick, NBC News and Reuters contributed to this report.