Investors largely expected the FOMC to cut rates by a quarter point.The Fedread 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
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
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 U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Amid the turmoil of the Cambridge Analytica data scandal, WhatsApp co-founder Brian Acton on Tuesday told his Twitter followers to delete Facebook.
"It is time. #deletefacebook," he wrote on the social media platform.
Acton has almost 21,000 Twitter followers.
Facebook acquired WhatsApp for $19 billion in 2014. Acton remained with the company for several years before quitting to start the Signal Foundation earlier this year. His WhatsApp co-founder, Jan Koum, still leads the company and sits on Facebook's board.
Acton also applied for a job at Facebook in 2009, and posted about his rejection on Twitter at the time:
Facebook has come under fire this week after reports emerged that political data analytics company Cambridge Analytica accessed the data of over 50 million users of the social media network without their permission.
Cambridge Analytica got that data from the creator of a quiz taken by 270,000 Facebook users. That quiz creator passed the data to Cambridge Analytica against Facebook policy. Facebook knew about the data leak back in 2015, but the public only learned after reports in the New York Times and Observer over the weekend.
Cambridge Analytica is funded in large part by Robert Mercer, who donated money to President Trump's election campaign, and it helped the Trump campaign target poltical ads on Facebook, but the firm says it did not use any data gained in this incident on the campaign.
Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg have remained quiet throughout the scandal, inviting yet more criticism from analysts and investors, and fueling critics who argue for more regulation of big tech companies.
Correction: This report was updated to accurately indicate how many Twitter followers Acton has.