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The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Elon Musk, the CEO of Tesla and SpaceX, tweeted early on Monday morning that he "just deleted" his Twitter account.Marketsread more
Customer penalties are a significant source of revenue for the financial industry: The ten biggest banks collected more than $11 billion in overdraft fees in 2017, according...Financeread more
Pfizer said on Monday it had agreed to acquire Array Biopharma for $10.64 billion, which will grant it access to its cancer drugs.Biotech and Pharmaceuticalsread more
Huawei CEO and founder Ren Zhengfei said that the Chinese tech company will report revenues of around $100 billion in 2019 and 2020, which would be flat growth versus 2018.Technologyread more
Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.Cryptocurrencyread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
It took just 13 minutes for Amazon to complete its first drone delivery, but that short trip could mark a major milestone for both the retailer and the transportation industry.
A customer in the Cambridge area of England took Amazon's first unmanned delivery. Bezos' tweet linked to a video describing the service, which is currently in trial with just two customers.
"Prime Air has great potential to enhance the services we already provide to millions of customers by providing rapid parcel delivery that will also increase the overall safety and efficiency of the transportation system," Amazon said, on its website.
The unmanned aerial delivery service, announced back in July, will allow customers to choose from thousands of items, the company said. The drones are designed to deliver packages weighing up to five pounds in 30 minutes or less, the company said.
Amazon said it plans to expand the trial in the coming months.