Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread 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
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US 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
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread 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
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread 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 stream has ended.]
President Donald Trump spoke in Michigan on Wednesday following a meeting with automakers in which he was expected to talk about policy changes the companies want.
Before Trump's speech, White House spokesman Sean Spicer released a picture of the president and Cabinet members meeting with auto executives and union leaders.
Trump touted efforts to encourage companies to hire and build in America, saying the 'assault on the American auto industry is over." Shortly before he started speaking, the Environmental Protection Agency said it would review Obama administration fuel economy standards that automakers have argued would make regulatory compliance costs rise.
The standards would increase fuel economy to 54.5 miles per gallon for cars and light-duty trucks by model-year 2025. The EPA said it will have to determine by the beginning of April 2018 whether the guidelines are "appropriate."
"These standards are costly for automakers and the American people," EPA Administrator Scott Pruitt said in a statement. "We will work with our partners at DOT to take a fresh look to determine if this approach is realistic.
Environmentalists have argued that rolling back the standards will continue U.S. reliance on fossil fuels and could exacerbate climate change.
Trump has used his position to publicly criticize companies who move production or jobs outside of the country. He says his economic agenda — including broad tax cuts and regulatory rollback — will encourage companies to manufacture and invest in the U.S.
He has already trumpeted announcements from General Motors, Ford and Fiat Chrysler that they would either retain jobs in the U.S. or invest more in American facilities since he won the 2016 election. But some of those plans were in the works well before Trump's electoral victory.
GM on Wednesday announced that it would add or retain about 900 jobs at three Michigan facilities. The company said they are not related to Trump's policies.