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
Dow component Nike (NKE) was under pressure in the premarket, after reporting late Tuesday future orders up a less than expected. However, the athletic footwear and apparel retailer did blow the doors off expectations with earnings. Revenue also beat. (Reuters)
BlackBerry (BBRY) this morning reported breakeven earnings, which were better than the 5 cent loss analysts had been expecting. But revenue was short. The company plans to end all internal hardware development, outsourcing that function to partners.
Amazon (AMZN) may have a secret plan to beef up its shipping network, to replace FedEx (FDX) and UPS (UPS). Amazon aims to build a full-scale logistics network. (WSJ)
Six Democratic senators have written to Yahoo (YHOO) CEO Marissa Mayer, seeking answers to questions about the company's 500 million-account data breach, thought to be the largest ever. (WSJ)
A stop-gap funding bill to avoid a federal government shutdown later this week failed to garner enough votes to move forward in the Senate, with Democrats and Republicans both opposing the measure. (Reuters)
The Senate is scheduled to vote today on overriding President Barack Obama's veto of a bill that would allow families of Sept. 11 victims to sue Saudi Arabia and other countries over the attacks. (USA Today)
The first presidential debate between Donald Trump and Hillary Clinton was the most watched ever on TV. Nielsen said 84 million viewers tuned in Monday night. Tens of millions more people watched live streams and debate related videos online. (CNBC)
Shimon Peres, who led Israel as prime minister and president in an enduring six-decade political career built on promoting peace between Arabs and Jews, died Tuesday, after being hospitalized for a major stroke. The Nobel Peace Prize winner was 93. (NBC News)
The government is out with its August report on durable goods orders at 8:30 a.m. ET, with forecasts calling for a 1.5 percent drop after a 4.4 percent July gain.
A drop in home loan rates last week did nothing to boost refinances, which fell 2 percent, said the Mortgage Bankers Association. Total mortgage applications fell 0.7 percent.
In addition to Yellen's testimony today, five regional Fed presidents hold public appearances today, including Neel Kashkari from Minneapolis, Jim Bullard from St. Louis, Charles Evans Chicago, Loretta Mester from Cleveland, and Esther George from Kansas City.
San Francisco Fed Bank President John Williams said in an interview the central bank can raise interest rates without threatening the U.S. economic recovery. Policymakers risk doing more harm by continued inaction, he added.
Tempur Sealy (TPX) shares were losing a quarter of their value in premarket trading, after cutting its 2016 outlook late Tuesday. The mattress company sees sales for the current quarter coming in below expectations.
Sonic (SONC) last Tuesday projected current quarter earnings below current Wall Street forecasts, because of slower customer traffic and lower spending at its restaurants. The stock was sinking in the premarket.
Takata is in talks with the Justice Department, according to the Wall Street, to resolve allegations of criminal wrongdoing in its handling of its faulty airbags, which led to a massive global recall.
Royal Bank of Scotland (RBS) has agreed to pay $1.1 billion to resolve U.S. claims involving mortgage-backed securities that it sold to credit unions ahead of the 2008 financial crisis.
German financial regulators are reportedly not working on an emergency plan for Deutsche Bank (DB). Shares of the lender have recently sank on concerns about an anticipated multibillion U.S. fine.
Facebook (FB) plans to appeal against an order by a German privacy regulators to stop collecting and storing data of German users of its messaging app WhatsApp.
ABInBev (BUD) shareholders have approved the beer brewer's $100 billion takeover of rival SABMiller. Shareholders at SABMiller are expected to vote on the deal today.
SAP (SAP), the biggest software maker in Europe, plans to pump $2.2 billion into investments related to the $280 billion internet-of-things market through the end of 2020.
Injured Tiger Woods is a part of the U.S. Ryder Cup team as a vice captain. So when it came to the official team photo, he was asked to step aside. The 14-time major champion took part in an extended shoot. (USA Today)
Following a week of intense media attention over the hamdog, the man who created the new food that merges a hamburger and a hot dog has decided to auction off his intellectual property rights. (CNBC)