The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread 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
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread 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
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
A key worry for some is whether libra competes with sovereign currencies like the dollar.Technologyread 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
Bitcoin prices recovered to reach a record high on Tuesday as investors in the space shrugged off news that another cryptocurrency was hacked.
Bitcoin hit $8,362.30 earlier in the day, an all-time high. It traded 0.4 percent higher at $8,266.84 at 2:14 p.m. New York time, according to CoinDesk.
But the widely followed cryptocurrency fell more than 5 percent overnight, briefly breaking below $8,000, after CoinDesk reported that Tether, a start-up that offers dollar-backed digital tokens, said hackers stole more than $30 million from its investors.
Bitcoin 1-day chart
According to a now deleted post on its website, Tether said a "malicious action by an external attacker" resulted in the theft, CoinDesk said.
Tether also reportedly said in the removed post that it was attempting to recover those tokens to prevent them from entering the broader cryptocurrency market.
Traders in the space "have become conditioned to 'sell first, and ask questions later,' which is why we probably saw the sell-off after the Tether news," said Sean Walsh, partner at Redwood City Ventures. He also noted that Tether makes up a very small part of the cryptocurrency market and that problems with Tether "have zero fundamental impact on the health, strength, and security of the Bitcoin network which has been operating successfully since 2009."
Bitcoin has had a stellar year, leaving other asset classes in the dust. Year to date, bitcoin is up more than 730 percent. The S&P 500, meanwhile, has risen more than 15 percent.