Investors largely expected the FOMC to cut rates by a quarter point.The Fedread 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
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
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
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
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread 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
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
According to Reuters, Moonves is planning to seek autonomy from the Redstone family, the broadcaster's controlling shareholder, in leading the company if it merges with Viacom.
"Shari [Redstone] has to come to understand that if she wants Les, and she does want Les, and Sumner [Redstone] feels comfortable with Les … why not five years?" the chairman and CEO of Gabelli Asset Management said in an interview with "Closing Bell."
While the Redstones have called for the two companies to reunite, negotiations between Moonves and National Amusements (NAI) haven't started in earnest, Reuters reported. The Redstones own an 80 percent stake of CBS and Viacom through NAI.
Gabelli said Sumner Redstone and NAI have to be a "cheerleader for Les."
Meanwhile, he's still bullish on CBS and Viacom, and isn't concerned about the media business in general.
"CBS is a loaded laggard. Viacom is a wonderful opportunity in the sense of distribution in … India. Paramount has great distribution," he said.
— Reuters contributed to this report.