Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
The report, published by Rep. Carolyn Maloney, used data from the Giffords Law Center to Prevent Gun Violence and the Centers for Disease Control to estimate the cost of gun...Politicsread more
Russia slammed Trump's decision to tighten sanctions on Iran following strikes at a crude-processing plant and oil field in Saudi Arabia.Politicsread 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
Federal prosecutors and commodity regulators have broadened their investigation into spoofing activity after receiving information from traders questioned for spoofing-related...Marketsread more
General Motors announced on Wednesday that it plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at U.S. plants during...Autosread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the...Technologyread more
DoubleLine Capital's Jeffrey Gundlach spoke to CNBC on Wednesday ahead of the Federal Reserve's decision on interest rates.Marketsread more
Shares of Roku fell on Wednesday after Comcast announced a new deal on its connected boxes and Facebook launched a new Portal TV device.Technologyread more
Anheuser-Busch InBev, the world's largest brewer, reported lower than expected core profit in the third quarter as beer sales declined once again in its second-largest market, Brazil.
The maker of Budweiser, Corona and Stella Artois, fresh from its 79 billion pound purchase of SABMiller, said core profit in the third quarter fell by 2 percent to $4.03 billion, compared with the Reuters poll average forecast of $4.43 billion.
"Most of our markets delivered solid volume, revenue and EBITDA results in 3Q16. However, these results were negatively affected by a very weak quarter in Brazil," the company said in a statement on Friday.
The Belgium-based brewer said it no longer expected revenue in Brazil for the full year to be flat and also cut its guidance for net revenue per hectolitre for the company as a whole.
Its previous forecast was for growth ahead of inflation.
"Given the weak results in Brazil, we now expect growth in line with inflation," AB InBev said.
The results come after AB InBev extended its global market leadership by buying nearest rival SABMiller for 79 billion pounds ($96.19 billion) earlier this month. However, the figures are purely for the pre-takeover group.