Investors largely expected the FOMC to cut rates by a quarter point.The Fedread 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
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
Stocks closed little changed after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders.US Marketsread more
A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
Deputy Attorney General Rod Rosenstein personally signed off on raids of the office and residence of President Donald Trump's personal lawyer, Michael Cohen, the New York Times reported Tuesday, citing sources.
Trump, who on Monday evening vented his frustration about the raid and the special counsel Robert Mueller's ongoing probe of potential collusion between his campaign and Russia, deliberated over whether to fire Rosenstein later that evening, the Times reported.
The Times reported that Rosenstein was not necessarily required to sign off on searches carried out by law enforcement offices that are separate from the special counsel.
Multiple outlets reported Monday that Rosenstein approved Mueller's referral to Geoffrey Berman, U.S. attorney for New York's southern district.
But ABC News, citing two sources familiar with the matter, reported Tuesday that Berman has recused himself from the Cohen investigation, and played no part in the Monday raids.
Trump called the raids "disgraceful" and maintained that Cohen is a "good man" in remarks before a White House meeting on Monday about the U.S. response to an alleged chemical weapons attack in Syria.
When asked if he planned to fire Mueller, the president said: "Many people have said, 'You should fire him.'"
Trump's expressed further frustration about the Monday morning raids in tweets the next day.
Trump has reportedly on multiple occasions weighed firing Rosenstein, who assumed control of the special counsel after Attorney General Jeff Sessions recused himself over failing to disclose contacts with a Russian ambassador in congressional testimony.
Sessions has been a perennial target of Trump's ire in public and, reportedly, in private for his recusal.
In his Monday evening remarks, Trump again attacked Sessions for making "a terrible mistake" by recusing himself. Trump said that if he had known that Sessions planned to do so, "we would have used a — put a different attorney general in."