The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores whether this is a fad or the future...Food & Beverageread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
Sundar Pichai's note reads like a response to growing scrutiny from regulators, press and employees, and echoes a consistent theme of how Google helps people.Technologyread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Facebook CEO and founder Mark Zuckerberg lost $6.06 billion in Facebook stock value on Monday, amid a flurry of bad news.
Shares of the social media giant plunged as much as 8 percent after reports emerged over the weekend that data analytics firm Cambridge Analytica used the data of over 50 million users of the social network without their permission.
Zuckerberg, together with his affiliated organizations, like the Chan Zuckerberg Initiative, has more than 403 million shares of Facebook stock — 9,347,183 Class A common shares and 393,938,853 Class B common shares, according to Courtney Yu, director of research at compensation data firm Equilar.
Those shares are still worth about $68.5 billion.
Despite his losses, Zuckerberg is still the fourth richest person in the world, behind Jeff Bezos, Bill Gates and Warren Buffet, according to Bloomberg.
With Monday's plunge, Facebook shares are down about 2.6 percent year-to-date. The stock pared losses slightly during Monday trading.
Cambridge Analytica made headlines as the political data analytics firm that worked on Facebook ads for President Donald Trump during the 2016 presidential election. Facebook blocked the firm's data harvesting app in 2015, and announced on Friday it suspended the firm for lying about deleting user data.
Despite Facebook's insistence it has done what it can to protect users' data, the scuffle has stirred up discussion over tech regulations. Virginia Democratic Senator Mark Warner, one of the most prominent voices in the debate about online political advertising, said the Cambridge Analytica-Facebook spat indicative of a market that's "essentially the Wild West" of advertising.