The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread 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
A Belgian F-16 fighter jet crashed on a road in western France and one of its pilots is hanging from a high-voltage electricity line after his parachute got caught.Aerospace & Defenseread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
A key worry for some is whether libra competes with sovereign currencies like the dollar.Technologyread 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
Palmer Luckey, founder of Oculus, has financially backed a partisan group devoted to circulating Internet memes besmirching Democratic presidential candidate Hillary Clinton, the Daily Beast reported Thursday.
The group, called Nimble America, describes itself as a "social welfare 501(c)4 non-profit" in support of Republican presidential candidate Donald Trump, the report said.
Luckey, who sold his virtual reality company Oculus to Facebook for $2 billion in 2014, said that despite being listed as NimbleAmerica's vice president on its website, he was just the group's money man, adding that the group "sounded like a real jolly good time," the report said.
In an auto-response to an email sent by CNBC outside office hours, Nimble America said it takes positions on a variety of public policy matters and that it creates ads to promote "common sense conservatism." It said it didn't consider its activities to be political as defined under U.S. tax code.
Responding on September 26 to CNBC's inquiry, Nimble America did not address its sources of funding, but said via email, "As an advocacy organization, Nimble America may also support or oppose political candidates that share or oppose the ideals of Nimble America."
In a Facebook post on September 24, Luckey apologized for actions that may negatively impact perceptions of Oculus and its partners.
He confirmed that he had donated $10,000 to Nimble America, but denied that he was a founder or employee of the group and added that he didn't plan further donations to the group.
Facebook didn't immediately return CNBC's emailed request for comment, sent outside office hours, on whether Luckey was an employee of the company.
Clarification: This article has been updated to include statements from Nimble America and Palmer Luckey.