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
With military options all but eliminated, the United States and Britain on Sunday said they were considering new sanctions to pressure the Syrian and Russian governments to halt an offensive against rebel-held parts of Aleppo, Syria's largest city.
While the close allies said diplomacy was their primary focus, the tone was tougher than Saturday's message from U.S. Secretary of State John Kerry after he launched a new diplomatic effort to resolve the 5 1/2-year civil war.
But the specific threats he brandished Sunday — from harsher economic penalties to international prosecution for alleged perpetrators of war crimes — have been raised repeatedly before.
"It's easy to say, `Where is the action?"' Kerry said. "But what is the action?"
"I haven't seen a big appetite from governments in Europe to declare war," he noted dryly after talks in London that included diplomats from France, Germany, Italy, Saudi Arabia, Qatar, Turkey, Jordan, the United Arab Emirates and the European Union. All oppose Syrian President Bashar Assad's long-term control over his country and all are angry over a year-old Russian military intervention that has contributed to thousands of deaths and harrowing scenes of destruction in Aleppo.
Kerry and British Foreign Secretary Boris Johnson emerged from the discussions declaring that all options are on the table to stop the bloodshed. But they expressed misgivings with a military approach.
Kerry said countries have an obligation not to "light a fire" under a conflict that could expand into a larger regional war or one that draws in superpowers against one another. Johnson described the use of armed force as a drastic step.
The two appeared more affirmative when it came to the possibility of "ratcheting up" economic pressure on Syria and Russia, as Johnson described it.
He decried the "terrible, medieval siege" of the city, even as he expressed doubt about the ability of Syria and Russia to drive the opposition from Aleppo. More than 10,000 fighters remained in the rebel-held eastern part of the city, Johnson said, as well as a quarter-million civilians whose lives are at risk.
Johnson called on the U.S. and Europe to make Russia "feel the consequences" of their military campaign.
Kerry confirmed the U.S. was studying additional sanctions, and he accused Russia of participating in "crimes against humanity on a daily basis."
But both men expressed some hope in the new diplomatic path Kerry forged a day earlier in Lausanne, Switzerland. Those talks involved Russia and Iran, Assad's two chief backers, in addition to Saudi Arabia, Iran, Turkey, Qatar, Iraq, Egypt and Jordan.
Kerry said Saturday that the result of the 4 1/2-hour meeting was "exactly what we wanted" in terms of new ideas and a commitment to new talks in the coming days.
The statement mainly testified to low expectations after last month's quick collapse of a U.S.-Russian cease-fire, followed by the end of talks on U.S.-Russian a military partnership against Islamic State and al-Qaida militants.
President Barack Obama and the Pentagon have made clear their opposition to any U.S. military strikes against Assad's military. The U.S. is uneasy with providing more advanced weaponry to the anti-Assad rebels because of their links to extremist groups.
The effect sanctions might have also is unclear. They failed to reverse Moscow's annexation of Ukraine's Crimea territory in 2014. And several of America's European partners have expressed unease over the prospect of having to impose new and possibly costly penalties.