Investors largely expected the FOMC to cut rates by a quarter point.The Fedread 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
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.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
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
Stocks closed little changed after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders.US Marketsread more
A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread 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
Two of Nigeria's 10 presidential jets have been put up for sale as part of a drive to cut costs, a spokesman for President Muhammadu Buhari said on Tuesday.
Buhari, a 73-year-old former military ruler who took office last year, has vowed to crack down on corruption and mismanagement of public funds that has seen a rich elite benefit from the OPEC member's oil wealth while most Nigerians live on less than $2 per day.
Presidential spokesman Garba Shehu issued a statement to say newspaper advertisements for the sale of two presidential planes had been authorized by the presidency.
"This is in line with the directive of President Muhammadu Buhari that aircraft in the presidential air fleet be reduced to cut down on waste," said Shehu.
Nigeria has 10 planes in its presidential fleet.
Nigeria is in a recession for the first time in more than 20 years, largely due to low oil prices. Sales of crude oil, the country's main export, make up 70 percent of government revenue.