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 plan will allow Medicare to negotiate lower prices on as many as 250 drugs and also apply those discounts to private health plans.Health and Scienceread more
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.Delivering Alpharead 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
A new Hollister store is coming later this month to New York, right down the block from Macy's, Target and Victoria's Secret in the busy Herald Square shopping district.Retailread more
The Amazon CEO spoke in Washington D.C. about the company's sustainability efforts.Technologyread more
A decline in mortgage rates throughout much of the summer has helped buyers.Housingread more
Jay Clayton, opening speaker at the Delivering Alpha conference, also cautions about the difficulty of "price discovery" for investors trying to cash in on crypto.Delivering Alpharead more
The former CEO of Overstock announced that he's dumped all of his equity and blamed both the "deep state" and the government for his exit.Marketsread more
Gelson's, an upscale grocery store chain with 27 locations across Southern California, will sell 12-ounce packages of the Impossible Burger.Food & Beverageread more
The new rules come after recent disclosures by some players about their mental health battles — before and during their NBA careers.Health and Scienceread more
Five passengers were killed after a helicopter hired for a photo shoot crashed into New York's East River on Sunday evening, authorities said.
Two passengers were pronounced dead at the scene. Three passengers were removed from the helicopter in a critical condition and later died at hospital, according to reports. The helicopter's pilot freed himself and was later released in a good condition from hospital.
The helicopter, which went down around 7 p.m., was submerged in the river and upside down, the FDNY said.
A video on Twitter appeared to show a red helicopter splash down into the river and tip to the side, its blades spinning in the water.
The helicopter is owned by Liberty Helicopters, according to the New York Police Department. The company, which offers sightseeing tours and charters, did not immediately respond to a request for comment.
The helicopter was a Eurocopter AS350, the Federal Aviation Administration said.
The National Transportation Safety Board will investigate the crash.