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 share price of Chinese social network Renren has almost doubled after the company said it was raising money through a digital currency sale.
Renren is looking to raise funds through an initial coin offering (ICO), according to a white paper released Tuesday. It laid out plans for a so-called "open social network platform based on blockchain" called RRCoin.
The company, headquartered in China and listed on the New York Stock Exchange, saw its stock climb 47.39 percent to $18.32 a share by the close of the U.S. trading session Wednesday.
Renren declined to comment when contacted by CNBC.
Start-ups bagged billions of dollars through ICOs last year, but regulators are looking to crack down on the method due to concerns over fraud. A number of celebrities, from socialite Paris Hilton to rapper Ghostface Killah, have given backing to the practice.
China's regulators moved to ban ICO in 2017, saying the practice involved financial scams and other illegal activities. The U.S. Securities and Exchange Commission has raised its own concerns over the means of funding, and in December froze the assets of a firm that raised funds through an ICO.
Several companies have seen their stock price soar after claiming an involvement with cryptocurrency and blockchain technology.
U.S. retailer Overstock.com has seen its stock price skyrocket since it said it was entering the blockchain and cryptocurrency space, while small cap fruit juice company Future Fintech — formerly known as SkyPeople Fruit Juice — surged as much as 200 percent on the mere mention of financial technology (fintech) in its name.