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
European markets closed higher on Tuesday afternoon as investors monitored earnings reports and reacted to further political uncertainty at the White House.
The pan-European Stoxx 600 was up 0.64 percent with most sectors and major bourses in positive territory. Swiss stock markets were closed due to a national holiday.
Oil and gas stocks were among the top performers, up 1 percent, on better-than-expected earnings news. BP surpassed analyst expectations on Tuesday, despite profits more than halving from the first three months of the year after a hefty charge from an unsuccessful project in Angola. Its shares were 2.6 percent higher.
British aircraft engine maker Rolls-Royce Holdings posted a first-half net profit on Tuesday, driven by an uptick in performance from its civil aerospace sector. Its shares surged to the top of the benchmark on the news, up over 10 percent.
Sticking with British aircraft parts makers, Meggitt reported an increase in organic revenue on Tuesday after the company was supported by currency moves and civil aerospace demand in the first half of the year. However, its underlying profit margin slipped to 18 percent amid development costs. Its shares trimmed all of its losses from early morning deals to close just below 1 percent.
AA Plc fell nearly 13 percent after the company announced that Bob Mackenzie has been removed as chairman of the firm for "gross misconduct." The Automobile Association said nonetheless that it expects its full year performance broadly in line with last year's.
Meanwhile, U.S. markets were significantly higher as the earnings momentum continued. The Dow was near the 22,000 benchmark.
On the data front, factories in the euro zone started the second half of 2017 with buoyant growth, according to a survey published Tuesday. IHS Markit's final manufacturing Purchasing Manager's Index came in at 56.6 in July, just off June's six-year high of 57.4. Any reading above 50 indicates growth.
In the U.S., White House Communications Director after fewer than 10 days in the post. The surprise announcement came after a series of turbulent media appearances by the former Wall Street financier, capped off by a to a New Yorker journalist last week.
Meanwhile, staff working in the parlors, maintenance and security departments at the began a three-day strike on Tuesday.