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
Corporate America saw two of its CEOs under fire this week on Capitol Hill, and management experts said Thursday their performances left a lot to be desired.
Both Mylan CEO Heather Bresch and Wells Fargo CEO John Stumpf were unprepared and did not show genuine contrition, said Jeff Sonnenfeld, senior associate dean for leadership studies at Yale School of Management and a CNBC contributor.
Bresch was grilled Wednesday by the House Committee on Oversight and Government Reform over her company's decision to hike the price of lifesaving anti-allergy EpiPens by more than 500 percent in the last several years. She and her company were accused of "disgusting" greed and getting "filthy rich."
On Tuesday, Stumpf was lambasted in front of the Senate Banking Committee for his company's deceptive sales practices, with Sen. Elizabeth Warren calling for a criminal probe and Stumpf's resignation.
"Neither one of them showed there was any atonement, any ways to correct for these problems. It's pretty upsetting. In both cases there's a huge loss of trust — public health trust and financial trust," Sonnenfeld said in an interview with CNBC's "Closing Bell."
Brad Agle, a professor at Brigham Young University and author of "The Business Ethics Field Guide," said it was "unbelievable" how unprepared both CEOs were.
"Really watching this was like watching Clinton-Trump. It's like a race to the bottom. You're just watching the train wreck happen as it occurred," he told "Closing Bell."
Sonnenfeld said both Stumpf and Bresch were weak CEOs and "succession disasters" who had highly charismatic predecessors.
However, one thing they did do was unite a very contentious Congress, he said.
"Both of these CEOs managed to accomplish the near impossible," said Sonnenfeld. "They managed to unify two of the most fractious congressional bodies and one of the most ideologically charged Congresses ... in our history."
— CNBC's Dan Mangan contributed to this report.